Except with the consent of the Commissioner, no association shall hereafter make any one loan in an amount exceeding three percent (3%) of the book value of its assets; but the provisions of this section shall not apply to any loans which do not exceed twenty thousand dollars ($20,000.00) principal each. SOURCE: GC §41464.
Limitation on Single Loans
11 GCA § 130116 — under Investments, Loans and Borrowing.
11 GCA § 130116