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2025 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 6 - Investment Operations
ARTICLE 5 - Investment in Loans
Section 7452.
Universal Citation:
CA Fin Code § 7452 (2025)
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7452. (a) An association may make consumer loans, provided that the total of such loans shall not exceed 30-percent of the assets of the association.
(b) An association may include loans to dealers in consumer goods to finance inventory and floor planning in the total investment as part of the 30-percent limitation described in subdivision (a). For purposes of the limitations on loans to one borrower, loans to dealers in consumer goods to finance inventory and floor planning shall be treated as commercial loans.
(Amended by Stats. 1984, Ch. 225, Sec. 5. Effective June 21, 1984.)
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