Financial Code section 14703

A credit union shall establish and maintain an allowance-for-loan-losses account in accordance with generally accepted accounting principles. The commissioner may order the credit union to increase the amount of its allowance-for-loan-losses account if the commissioner finds that the amount of the account is not adequate.

Source: Section 14703, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14703. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 14703’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_14703

Original Source: Section 14703, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14703. (last accessed Apr. 24, 2025).