California · Financial Code
FIN §1497: No loan made by any bank in excess of any limitations contained in this division or which is made in violation of any of the provisions of this division shall be invalid or illegal as to the lender fo
What this law says, in plain English
Banks may make loans exceeding division limits or violating division provisions without the loan being invalid or illegal for the lender.
Read the full statutory text
No loan made by any bank in excess of any limitations contained in this division or which is made in violation of any of the provisions of this division shall be invalid or illegal as to the lender for that reason, nor shall any loan made to any bank in excess of the amounts permitted by this division be invalid or illegal as to the lender for that reason.
Verify at the official source: California legislative text
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