§ 7459
44 words·~1 min read·
/ca/financial-code/7459A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.