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/§ 7462.
California Statutes

§ 7462. — 7462. (Added by Stats. 1987, Ch. 397, Sec. 4.)

California § 7462.
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 § 7462. (7462. (Added by Stats. 1987, Ch. 397, Sec. 4.)) 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 § 7462. (2026).

Text

The provisions of any deed of trust or mortgage on real property which authorize an association, federal association, affiliate or service corporation of an association or federal association, or any successor in interest thereto, to receive and control the disbursement of the proceeds of any policy of fire, flood, or other hazard insurance respecting the property shall be enforceable whether or not impairment of the security interest in the property has resulted from the event that caused the proceeds of the insurance policy to become payable.

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Legislative History

Added by Stats. 1987, Ch. 397, Sec. 4.
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California § 7462., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/7462..