Financial Code section 1461

Assets hypothecated by a commercial bank as security for moneys borrowed shall not exceed in value the amount borrowed by more than 50 percent except with the prior written consent of the commissioner.

Source: Section 1461, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1461. (accessed May 12, 2025).

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Last Updated

May 12, 2025

§ 1461’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_1461

Original Source: Section 1461, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1461. (last accessed May 12, 2025).