§ 7505
74 words·~1 min read·
/ca/financial-code/7505A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Notwithstanding any other provision of law, an association may originate, invest in, sell, purchase, service, participate, or otherwise deal in loans (including construction loans) on the security of real property for primarily residential (other than a one- to four-unit dwelling) or nonresidential use, subject to the limitations of this article.
(b)An association’s aggregate investment in real property loans for primarily nonresidential use under this section shall not exceed 40 percent of assets.