Cal. Code Regs. tit. 10, § 108.302 – Investments in Loans on Real Property or in Other Foreign Countries.

(a) Prior approval of the commissioner is required before an association may invest in loans or interests in loans pursuant to Section 6702(n).
(b) Prior consent of the commissioner is required for an association to invest pursuant to Section 6702(o) in an amount in excess of one percent of its total assets.

Note: Authority cited: Section 5255, Financial Code. Reference: Section 6702, Financial Code.

History

1. Change without regulatory effect renumbering former Section 231.2 to Section 108.302 (Register 87, No. 14). For prior history, see Register 83, No. 16.