Financial Code § 7506
‹ § 7505.5§ 7507 ›Open in browserleginfo ↗7506.
Notwithstanding any other provision of the law, an association may make a loan secured by an assignment of a loan or loans to the extent that it could, under applicable law and regulations, make or purchase the underlying assigned loan or loans.
(Added by Stats. 1983, Ch. 1176, Sec. 9.)