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California Code, Financial Code - FIN § 7452

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

(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.

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Cite this article: FindLaw.com - California Code, Financial Code - FIN § 7452 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-7452/

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