Statute · California Financial Code
Cal. Fin. Code § 7459 — Investment in Loans
Cal. Fin. Code § 7459
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In addition to establishing reserves pursuant to Section 6476, an association or federal association, as defined in Section 5102, may establish a separate loan reserve account regarding losses resulting from fraud by a borrower and may recover any of those losses from that borrower.
Citator
Cal. Fin. Code § 7459 — Investment in Loans is in force in the current edition of the Code, and nothing recorded condemns it.
In addition to establishing reserves pursuant to Section 6476, an association or federal association, as defined in Section 5102, may establish a separate loan reserve account regarding losses resulting from fraud by a borrower and may recover any of those losses from that borrower.