Statute · California Financial Code
Cal. Fin. Code § 14703 — Reserves
Cal. Fin. Code § 14703
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2005-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A credit union shall establish and maintain an allowance-for-loan-losses account in accordance with generally accepted accounting principles. The commissioner may order the credit union to increase the amount of its allowance-for-loan-losses account if the commissioner finds that the amount of…
Citator
Cal. Fin. Code § 14703 — Reserves is in force in the current edition of the Code, and nothing recorded condemns it.
A credit union shall establish and maintain an allowance-for-loan-losses account in accordance with generally accepted accounting principles. The commissioner may order the credit union to increase the amount of its allowance-for-loan-losses account if the commissioner finds that the amount of the account is not adequate.