Ca_Law

statute | California

Financial Code - FIN - FIN § 7452

  • UIDca_leginfo_codes:fin-7452
  • CitationFinancial Code - FIN - FIN § 7452
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(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

Text

(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.

Retrieval chunks

  • #1 | 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 part of the 30-percent limitation descr…