DIVISION 5. CREDIT UNIONS 14000-16906›CHAPTER 1. General Provisions 14000-14052›ARTICLE 1. Definitions 14000-14007

§ 14007

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

“Obligation” means any contractual obligation to the credit union for money borrowed or credit extended or guaranteed from its members, including, but not limited to, loans, lines of credit, agreements to extend credit, and lease agreements.

(Added by Stats. 1984, Ch. 789, Sec. 1.)

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California Financial Code

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