Cal. Fin. Code § 1461

Current through the 2023 Legislative Session.

Section 1461 - Limitation on amount of assets hypothecated as security for money borrowed

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.

Ca. Fin. Code § 1461

Added by Stats 2012 ch 243 (SB 664),s 3, eff. 1/1/2012.