Financial Code section 7451

Except as otherwise provided by the commissioner, an association shall not make or acquire total loans with respect to one borrower or on one project in an amount exceeding 25 percent of the net worth of the association. As used in this section, “one borrower” has the meaning defined in Section 7453.

Source: Section 7451, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=7451. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 7451’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_7451

Original Source: Section 7451, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=7451. (last accessed Apr. 24, 2025).