California · Financial Code

FIN §7454: Each association is authorized to issue credit cards, extend credit in connection with the cards, and otherwise engage in or participate in credit card operations.

What this law says, in plain English

Associations are legally permitted to issue credit cards, provide credit associated with those cards, and participate in credit card business operations.

Read the full statutory text

Each association is authorized to issue credit cards, extend credit in connection with the cards, and otherwise engage in or participate in credit card operations. The provisions of Title 2 (commencing with Section 1801) of the Civil Code shall not apply to any credit extended by an association pursuant to the provisions of this section.

Verify at the official source: California legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.