Financial Code section 7459

In addition to establishing reserves pursuant to Section 6476, an association or federal association, as defined in Section 5102, may establish a separate loan reserve account regarding losses resulting from fraud by a borrower and may recover any of those losses from that borrower.

Source: Section 7459, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=7459. (updated Jan. 1, 1985; accessed Nov. 3, 2025).

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Up to date

Verified:
Nov. 3, 2025

§ 7459's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_7459

Original Source: Section 7459, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=7459. (last accessed May 12, 2025).