Cal. FIN § 7459
This is the official text of Cal. FIN § 7459, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
In addition to establishing reserves pursuant to Section 6476, an association or federal association, as defined in Section 5102, may establish a separate loan reserve account regarding losses resulting from fraud by a borrower and may recover any of those losses from that borrower.
Status: in_force · Read it on the official government site
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