§ 14703
45 words·~1 min read·
/ca/financial-code/14703A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A credit union shall establish and maintain an allowance-for-loan-losses account in accordance with generally accepted accounting principles. The commissioner may order the credit union to increase the amount of its allowance-for-loan-losses account if the commissioner finds that the amount of the account is not adequate.