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Statutes » California » Financial Code » Division 1

Cal. FIN § 461

This is the official text of Cal. FIN § 461, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.

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Official statutory text

Any debt due a licensee on which interest is past due and unpaid for the period of one year shall be charged off, unless the debt is well secured or is in process of collection.

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.