Section 6455 Of Article 6. Records From California Financial Code >> Division 2. >> Chapter 3. >> Article 6.
6455
. (a) Each association shall maintain complete loan and
investment records, and shall do so in a manner satisfactory to the
commissioner. Detailed records necessary to make determinations of
compliance by an association with the requirements of Chapter 6
(commencing with Section 7200) and other provisions of this division
shall be maintained at all times.
(b) The record of each real estate loan or other secured loan or
investment shall contain documentation satisfactory to the
commissioner of the type, adequacy and characteristics of the
security.