California Code of Regulations
Title 10 - Investment
Chapter 2 - Savings and Loan Commissioner
Subchapter 4 - Operations-General
Article 1 - Advertising
Section 104.109 - Nature of Loan Portfolio
No association shall state or imply in its advertising that its loan portfolio is secured by residential properties if more than 20 percent of the unpaid balance of its loan portfolio is in loans secured by other than residential properties unless it sets forth a breakdown as follows: Loans on one to four unit residential properties, loans on multiple unit dwellings in excess of four units, loans on commercial properties, and loans on unimproved property.
1. Change
without regulatory effect renumbering former Section
137.1 to Section
104.109 (Register 87, No. 14). For
prior history, see Register 82, No. 45.
2. Renumbering of former
Section 104.109 to Section
104.107, and renumbering of
Section 104.111 to Section
104.109 filed 4-13-88; operative
5-13-88 (Register 88, No. 18).
Note: Authority cited: Section 8053, Financial Code. Reference: Section 6523, Financial Code.
