Jurris.COM
Section 7452 Of Article 5. Investment In Loans From California Financial Code >> Division 2. >> Chapter 6. >> Article 5.
7452
. (a) An association may make consumer loans, provided that the
total of such loans shall not exceed 30-percent of the assets of the
association.
(b) An association may include loans to dealers in consumer goods to finance inventory and floor planning in the total investment as part of the 30-percent limitation described in subdivision (a). For purposes of the limitations on loans to one borrower, loans to dealers in consumer goods to finance inventory and floor planning shall be treated as commercial loans.
(b) An association may include loans to dealers in consumer goods to finance inventory and floor planning in the total investment as part of the 30-percent limitation described in subdivision (a). For purposes of the limitations on loans to one borrower, loans to dealers in consumer goods to finance inventory and floor planning shall be treated as commercial loans.
