Cal. Fin. Code § 14957

Current through the 2023 Legislative Session.

Section 14957 - Addition security for loan deemed unsafe

Whenever the directors, the credit committee, or if applicable, the credit manager, deem any loan unsafe, they may require additional security to be given by the borrower, and if such security is not furnished as required, they may declare the loan due and take action to collect the same.

Ca. Fin. Code § 14957

Amended by Stats. 1983, Ch. 89, Sec. 10.