§ 104.109. Nature of Loan Portfolio.

No association shall state or imply in its advertising that its loan portfolio is secured by residential properties if more than 20 percent of the unpaid balance of its loan portfolio is in loans secured by other than residential properties unless it sets forth a breakdown as follows: Loans on one to four unit residential properties, loans on multiple unit dwellings in excess of four units, loans on commercial properties, and loans on unimproved property.

HISTORY

1. Change without regulatory effect renumbering former Section 137.1 to Section 104.109 (Register 87, No. 14). For prior history, see Register 82, No. 45.

2. Renumbering of former Section 104.109 to Section 104.107, and renumbering of Section 104.111 to Section 104.109 filed 4-13-88; operative 5-13-88 (Register 88, No. 18).

Note

Note: Authority cited: Section 8053, Financial Code. Reference: Section 6523, Financial Code.