California · Financial Code
FIN §18023.1: In addition to the borrowings under Section 18023, an industrial loan company may borrow funds from the Federal Home Loan Bank, the Federal Deposit Insurance Corporation, or a Federal Reserve Bank, wh
What this law says, in plain English
Industrial loan companies may borrow funds from federal financial institutions including the Federal Home Loan Bank, FDIC, or Federal Reserve Bank, in addition to other authorized borrowings.
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