California Statutes
§ 7505.5. — 7505.5. (Added by Stats. 1990, Ch. 1118, Sec. 44.)
California § 7505.5.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 2.DIVISION 2. SAVINGS ASSOCIATION LAW
Ch. 6.CHAPTER 6. Investment Operations
Art. 6.ARTICLE 6. Real Estate Loans
This text of California § 7505.5. (7505.5. (Added by Stats. 1990, Ch. 1118, Sec. 44.)) 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 § 7505.5. (2026).
Text
(a)A savings association may make loans the principal purpose of which is to provide financing with respect to what is, or what is to become, primarily residential real estate, for which the association relies substantially on the borrower’s general credit standing and projected future income for repayment, without other security, or relies on other assurances for repayment, including guarantees or other obligations of third parties.
(b)An association’s aggregate investment in residential real estate loans described in subdivision (a) shall not exceed an amount
equal to 5 percent of the association’s assets.
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Legislative History
Added by Stats. 1990, Ch. 1118, Sec. 44.
Nearby Sections
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California § 7505.5., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/7505.5..