DIVISION 1.1. BANKING 1000-1910›CHAPTER 14. Loans and Investments 1460-1522›ARTICLE 1. General Provisions 1460-1467

§ 1460

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

A commercial bank shall not rediscount, borrow money, or hypothecate its assets as security for money borrowed except to the extent and upon the conditions set forth in this division.

(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Financial Code

California Financial Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.