California § 1495 - A commercial bank may make amortized loans upon the security of residential real
Full text of California Public Contract Code - PCC § 1495 — A commercial bank may make amortized loans upon the security of residential real, with citation guidance and answers to common questions.
§ 1495. A commercial bank may make amortized loans upon the security of residential real
(a) A commercial bank may make amortized loans upon the security of residential real property to finance the purchase and installation of material or equipment designed to promote energy conservation or the efficient use of energy in the residential real property securing the loan, if all of the following apply: (1) The residential real property securing the loan consists of not more than four dwelling units. (2) The loan is made in connection with a concurrent loan authorized under Section 1486. (3) The loan is in an amount not to exceed 10 percent of the loan made under the authority of Section 1486. (b) A commercial bank may make additional advances, or additional loans, to an existing borrower in order to finance the purchase and installation of material and equipment designed to promote energy conservation or the efficient use of energy in the residential real property securing the loan, if all of the following apply: (1) The residential real property securing the loan consists of not more than four dwelling units. (2) The aggregate of the additional loan or advance and the unpaid balance of the existing loan will not exceed that percent of the appraised value of the residential real property securing the loan permitted by Section 1486 immediately after the purchase and installation of such material and equipment.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1495
What does Public Contract Code - PCC § 1495 cover?
Section 1495 ("A commercial bank may make amortized loans upon the security of residential real") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1495?
A common citation format is "Public Contract Code - PCC § 1495" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1495 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.