DIVISION 5. CREDIT UNIONS 14000-16906›CHAPTER 7. Loans 14950-15103›ARTICLE 1. General 14950-14961

§ 14957

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

Whenever the directors, the credit committee, or if applicable, the credit manager, deem any loan unsafe, they may require additional security to be given by the borrower, and if such security is not furnished as required, they may declare the loan due and take action to collect the same.

(Amended by Stats. 1983, Ch. 89, Sec. 10.)

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California Financial Code

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