California Code of Regulations
Title 10 - Investment
Chapter 2 - Savings and Loan Commissioner
Subchapter 8 - Operations-Investments and Borrowings
Article 3 - Investments and Borrowings
Section 108.302 - Investments in Loans on Real Property or in Other Foreign Countries

Universal Citation: 10 CA Code of Regs 108.302

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) Prior approval of the commissioner is required before an association may invest in loans or interests in loans pursuant to Section 6702(n).

(b) Prior consent of the commissioner is required for an association to invest pursuant to Section 6702(o) in an amount in excess of one percent of its total assets.

1. Change without regulatory effect renumbering former Section 231.2 to Section 108.302 (Register 87, No. 14). For prior history, see Register 83, No. 16.

Note: Authority cited: Section 5255, Financial Code. Reference: Section 6702, Financial Code.

Disclaimer: These regulations may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.