California § 7459 - In addition to establishing reserves pursuant to Section 6476, an association or
Full text of California Public Contract Code - PCC § 7459 — In addition to establishing reserves pursuant to Section 6476, an association or, with citation guidance and answers to common questions.
§ 7459. In addition to establishing reserves pursuant to Section 6476, an association or
In addition to establishing reserves pursuant to Section 6476, an association or federal association, as defined in Section 5102, may establish a separate loan reserve account regarding losses resulting from fraud by a borrower and may recover any of those losses from that borrower.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 7459
What does Public Contract Code - PCC § 7459 cover?
Section 7459 ("In addition to establishing reserves pursuant to Section 6476, an association or") 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 § 7459?
A common citation format is "Public Contract Code - PCC § 7459" (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 § 7459 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.