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California Code, Financial Code - FIN § 6455

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Each association shall maintain complete loan and investment records, and shall do so in a manner satisfactory to the commissioner.  Detailed records necessary to make determinations of compliance by an association with the requirements of Chapter 6 (commencing with Section 7200) and other provisions of this division shall be maintained at all times.

(b) The record of each real estate loan or other secured loan or investment shall contain documentation satisfactory to the commissioner of the type, adequacy and characteristics of the security.

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Cite this article: FindLaw.com - California Code, Financial Code - FIN § 6455 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-6455/

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