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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 7456.
Universal Citation:
CA Fin Code § 7456 (2025)
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7456. Any loan commitment made by an association shall be counted as an investment and shall be included in total assets of the association only to the extent that funds have been advanced (and not repaid) pursuant to the commitment. For the purposes of this section, the term “loan commitment” includes a loan in process, a letter of credit, or any other commitment to extend credit.
(Added by Stats. 1984, Ch. 225, Sec. 7. Effective June 21, 1984.)
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