Statute · California Financial Code
Cal. Fin. Code § 7452 — Investment in Loans
Cal. Fin. Code § 7452
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1984-06-21
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) An association may make consumer loans, provided that the total of such loans shall not exceed 30-percent of the assets of the association.
Citator
Cal. Fin. Code § 7452 — Investment in Loans is in force in the current edition of the Code, and nothing recorded condemns it.
(a) An association may make consumer loans, provided that the total of such loans shall not exceed 30-percent of the assets of the association.
(b) An association may include loans to dealers in consumer goods to finance inventory and floor planning in the total investment as part of the 30-percent limitation described in subdivision (a). For purposes of the limitations on loans to one borrower, loans to dealers in consumer goods to finance inventory and floor planning shall be treated as commercial loans.