Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 2.: DIVISION 2. SAVINGS ASSOCIATION LAW/Ch. 6.: CHAPTER 6. Investment Operations/Art. 5.: ARTICLE 5. Investment in Loans/§ 7456.
California Statutes

§ 7456. — 7456. (Added by Stats. 1984, Ch. 225, Sec. 7.)

California § 7456.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 2.DIVISION 2. SAVINGS ASSOCIATION LAW
Ch. 6.CHAPTER 6. Investment Operations
Art. 5.ARTICLE 5. Investment in Loans

This text of California § 7456. (7456. (Added by Stats. 1984, Ch. 225, Sec. 7.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Financial Code - FIN Code § 7456. (2026).

Text

Any loan commitment made by an association shall be counted as an investment and shall be included in total assets of the association only to the extent that funds have been advanced (and not repaid) pursuant to the commitment. For the purposes of this section, the term “loan commitment” includes a loan in process, a letter of credit, or any other commitment to extend credit.

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Legislative History

Added by Stats. 1984, Ch. 225, Sec. 7. Effective June 21, 1984.
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California § 7456., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/7456..