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Financial Code - FIN - FIN § 7274
Financial Code - FIN - FIN § 7274
Bonds and debentures of gas, electric, or gas and electric companies meeting the requirements of subdivision (a), bonds and debentures of telephone companies meeting the requirements of subdivision (b), and the bonds and debentures of water companies meeting the requirements of s
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Financial Code - FIN - FIN § 7275
Financial Code - FIN - FIN § 7275
As used in this article, “funded debt” means all interest-bearing indebtedness of a corporation not maturing within one year of the date it was incurred.
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Financial Code - FIN - FIN § 730
Financial Code - FIN - FIN § 730
In this chapter: (a) “Nonbank corporation” means any corporation incorporated or proposed to be incorporated under the laws of this state, other than (1) any bank or (2) any corporation incorporated or proposed to be incorporated under the laws of this state for the purpose of tr
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Financial Code - FIN - FIN § 7300
Financial Code - FIN - FIN § 7300
(a) Each association shall have power to invest in real property, tangible personal property and interests in real property for the conduct of the business of the association, or its service corporation, which power shall include the ownership of stock of a wholly owned subsidiar
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Financial Code - FIN - FIN § 731
Financial Code - FIN - FIN § 731
An application for a certificate of approval of the subject name of a nonbank corporation shall be in such form, shall contain such information, shall be signed in such manner, and shall (if the commissioner so requires by regulation or order) be verified in such manner, as the c
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Financial Code - FIN - FIN § 732
Financial Code - FIN - FIN § 732
The fee for filing with the commissioner an application for a certificate of approval of the subject name of a nonbank corporation shall be twenty-five dollars ($25).
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Financial Code - FIN - FIN § 733
Financial Code - FIN - FIN § 733
If the commissioner finds, with respect to an application for a certificate of approval of the subject name of a nonbank corporation, that the subject name does not indicate that the nonbank corporation is engaged in the banking, industrial banking, or trust business, the commiss
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Financial Code - FIN - FIN § 734
Financial Code - FIN - FIN § 734
Promptly after the articles of a nonbank corporation, with the certificate of approval of the subject name of such nonbank corporation attached thereto, are filed with the Secretary of State, such nonbank corporation shall file with the commissioner a copy of such articles certif
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Financial Code - FIN - FIN § 7350
Financial Code - FIN - FIN § 7350
(a) An association may acquire and hold stock of one or more corporations the primary activities of which are engaging in real property investment, in which event the sum of (1) investments made by an association pursuant to the authority of this subdivision, (2) any loans and gu
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Financial Code - FIN - FIN § 7450
Financial Code - FIN - FIN § 7450
(a) An association may make any loan authorized by this division, but the association shall first determine that the type, amount, purpose, and repayment provisions of the loan in relation to the borrower’s resources and credit standing support the reasonable belief that the loan
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Financial Code - FIN - FIN § 7450.2
Financial Code - FIN - FIN § 7450.2
Except with the prior written consent of the commissioner, no association shall knowingly make: (a) Any loan to any corporation of which 10 percent or more of the stock is owned or controlled individually or collectively by any one or more of the directors, officers, employees, o
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Financial Code - FIN - FIN § 7451
Financial Code - FIN - FIN § 7451
Except as otherwise provided by the commissioner, an association shall not make or acquire total loans with respect to one borrower or on one project in an amount exceeding 25 percent of the net worth of the association. As used in this section, “one borrower” has the meaning def
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Financial Code - FIN - FIN § 7452
Financial Code - FIN - FIN § 7452
(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 par
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Financial Code - FIN - FIN § 7453
Financial Code - FIN - FIN § 7453
(a) An association may make, invest in, sell, purchase, participate in, or otherwise deal in secured or unsecured loans for agricultural, business, commercial, or corporate purposes, provided that the total investment in such loans does not exceed 10 percent of the assets of the
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Financial Code - FIN - FIN § 7454
Financial Code - FIN - FIN § 7454
Each association is authorized to issue credit cards, extend credit in connection with the cards, and otherwise engage in or participate in credit card operations. The provisions of Title 2 (commencing with Section 1801) of the Civil Code shall not apply to any credit extended by
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Financial Code - FIN - FIN § 7455
Financial Code - FIN - FIN § 7455
No association or director, officer, or employee of an association shall require, as a condition to the granting of any loan or the extension of any other service by the association, that the borrower or any other person undertake a contract of insurance with any specific company
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Financial Code - FIN - FIN § 7456
Financial Code - FIN - FIN § 7456
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 com
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Financial Code - FIN - FIN § 7457
Financial Code - FIN - FIN § 7457
An association may make loans on the security of its savings accounts, whether or not the borrower is the owner of the account, subject to the limitations of this article.
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Financial Code - FIN - FIN § 7458
Financial Code - FIN - FIN § 7458
An association may make overdraft loans specifically related to transaction accounts, subject to regulations issued by the commissioner.
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Financial Code - FIN - FIN § 7459
Financial Code - FIN - FIN § 7459
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 borrow
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Financial Code - FIN - FIN § 7460
Financial Code - FIN - FIN § 7460
(a) Notwithstanding Section 726 of the Code of Civil Procedure or any other provision of law to the contrary, an association, a federal association, an affiliate of an association or federal association, a service corporation, or any successor in interest thereto, that originates
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Financial Code - FIN - FIN § 7461
Financial Code - FIN - FIN § 7461
The provisions of any deed of trust or mortgage on real property which authorize an association, federal association, affiliate or service corporation of an association or federal association, or any successor in interest thereto, to accelerate the maturity date of the principal
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Financial Code - FIN - FIN § 7462
Financial Code - FIN - FIN § 7462
The provisions of any deed of trust or mortgage on real property which authorize an association, federal association, affiliate or service corporation of an association or federal association, or any successor in interest thereto, to receive and control the disbursement of the pr
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Financial Code - FIN - FIN § 7500
Financial Code - FIN - FIN § 7500
(a) Subject to limitations, if any, within this chapter, an association may originate, invest in, sell, purchase, service, participate, or otherwise deal in (including brokerage or warehousing) loans, including construction loans, made on the security of residential or nonresiden
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Financial Code - FIN - FIN § 7501
Financial Code - FIN - FIN § 7501
Each real estate loan shall be evidenced by a note or instrument of obligation for the amount of the loan. The note or instrument shall specify the amount and terms of repayment including any penalty or charge for late payment, and may contain all other terms of the loan contract