Cal. FIN § 14703
This is the official text of Cal. FIN § 14703, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
A credit union shall establish and maintain an allowance-for-loan-losses account in accordance with generally accepted accounting principles. The commissioner may order the credit union to increase the amount of its allowance-for-loan-losses account if the commissioner finds that the amount of the account is not adequate.
Status: in_force · Read it on the official government site
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