Statute · California Financial Code
Cal. Fin. Code § 7456 — Investment in Loans
Cal. Fin. Code § 7456
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1984-06-21
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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”…
Citator
Cal. Fin. Code § 7456 — Investment in Loans is in force in the current edition of the Code, and nothing recorded condemns it.
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.