Ca_Law

statute | California

Financial Code - FIN - FIN § 7505

  • UIDca_leginfo_codes:fin-7505
  • CitationFinancial Code - FIN - FIN § 7505
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(a) Notwithstanding any other provision of law, an association may originate, invest in, sell, purchase, service, participate, or otherwise deal in loans (including construction loans) on the security of real property for primarily residential (other than a one- to four-unit dwel

Text

(a)
Notwithstanding any other provision of law, an association may originate, invest in, sell, purchase, service, participate, or otherwise deal in loans (including construction loans) on the security of real property for primarily residential (other than a one- to four-unit dwelling) or nonresidential use, subject to the limitations of this article.
(b)
An association’s aggregate investment in real property loans for primarily nonresidential use under this section shall not exceed 40 percent of assets.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 7505

    (a) Notwithstanding any other provision of law, an association may originate, invest in, sell, purchase, service, participate, or otherwise deal in loans (including construction loans) on the security of real property for primarily residential (other than a one- to four-unit dwelling) or nonresidential use, subject t…