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

§ 1461

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

Assets hypothecated by a commercial bank as security for moneys borrowed shall not exceed in value the amount borrowed by more than 50 percent except with the prior written consent of the commissioner.

(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.