Each association is authorized to issue credit cards, extend credit in connection with the cards, and otherwise engage in or participate in credit card operations. The provisions of Title 2 (commencing with Section 1801) of the Civil Code shall not apply to any credit extended by an association pursuant to the provisions of this section.
Cal. Fin. Code § 7454
Investment in Loans
Known as the Savings Association Law
The act spans §§ 5000–10009 (387 sections).
Amended by Stats. 1985, Ch. 983, Sec. 12.4
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.