Financial Code section 14957

Whenever the directors, the credit committee, or if applicable, the credit manager, deem any loan unsafe, they may require additional security to be given by the borrower, and if such security is not furnished as required, they may declare the loan due and take action to collect the same.

Source: Section 14957, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14957. (updated Jan. 1, 1983; accessed Jun. 9, 2025).

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Up to date

Verified:
Jun. 9, 2025

§ 14957’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_14957

Original Source: Section 14957, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14957. (last accessed May 12, 2025).