§ 7451

California Financial Code · 2026 edition · updated 2026-10-04 · California

Except as otherwise provided by the commissioner, an association shall not make or acquire total loans with respect to one borrower or on one project in an amount exceeding 25 percent of the net worth of the association. As used in this section, “one borrower” has the meaning defined in Section 7453.

(Amended by Stats. 1990, Ch. 1118, Sec. 42.)

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California Financial Code

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