California Financial Code

§ 7459

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 7459Div. 2 · Ch. 6 · Art. 5

Statute text

View on leginfo.ca.gov

In addition to establishing reserves pursuant to Section 6476, an association or federal association, as defined in Section 5102, may establish a separate loan reserve account regarding losses resulting from fraud by a borrower and may recover any of those losses from that borrower.

Legislative history

Added by Stats. 1985, Ch. 656, Sec. 2.