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Statutes » California » Financial Code » Division 1.1

Cal. FIN § 1461

This is the official text of Cal. FIN § 1461, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.

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Official statutory text

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.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.