Section 7456 Of Article 5. Investment In Loans From California Financial Code >> Division 2. >> Chapter 6. >> Article 5.

. Any loan commitment made by an association shall be counted as an investment and shall be included in total assets of the association only to the extent that funds have been advanced (and not repaid) pursuant to the commitment. For the purposes of this section, the term "loan commitment" includes a loan in process, a letter of credit, or any other commitment to extend credit.