California § 7452 - An association may make consumer loans, provided that the total of such loans sha
Full text of California Public Contract Code - PCC § 7452 — An association may make consumer loans, provided that the total of such loans sha, with citation guidance and answers to common questions.
§ 7452. An association may make consumer loans, provided that the total of such loans sha
(a) An association may make consumer loans, provided that the total of such loans shall not exceed 30-percent of the assets of the association. (b) An association may include loans to dealers in consumer goods to finance inventory and floor planning in the total investment as part of the 30-percent limitation described in subdivision (a). For purposes of the limitations on loans to one borrower, loans to dealers in consumer goods to finance inventory and floor planning shall be treated as commercial loans.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 7452
What does Public Contract Code - PCC § 7452 cover?
Section 7452 ("An association may make consumer loans, provided that the total of such loans sha") 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 § 7452?
A common citation format is "Public Contract Code - PCC § 7452" (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 § 7452 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.