An association may make overdraft loans specifically related to transaction accounts, subject to regulations issued by the commissioner.
Cal. Fin. Code § 7458
Investment in Loans
Known as the Savings Association Law
The act spans §§ 5000–10009 (387 sections).
Added by Stats. 1984, Ch. 868, Sec. 11.3.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.