1. (a) The definitions in Article 2 of Chapter 1, Part 1, Division 2, Financial Code, are incorporated herein by reference.
2. (b) “Invest in real property” in Section 6705 means the acquisition of the fee or a leasehold in real property.

3. (c) “Original loans” as defined in California Financial Code Section 8705 includes all loans other than:

   1. (1) Loans made by an association under Sections 6705.1 through 6705.6, inclusive, and
   2. (2) Loans made for the purpose of facilitating the sale of real property owned by such association.
4. (d) “Section 6705 property” means real property investments acquired under Section 6705 or reclassified as provided in Section 108.205 hereof.

Note: Authority cited: Section 5255, Financial Code. Reference: Sections 6705-6705.6 and 6706, Financial Code.

History

1. Change without regulatory effect renumbering former Section 243.1 to Section 108.201 (Register 87, No. 14). For prior history, see Register 76, No. 20.