California Legal Codes and Statutes

§ 461

Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.

Any debt due a licensee on which interest is past due and unpaid for the period of one year shall be charged off, unless the debt is well secured or is in process of collection.

Cite this section

Cal. Fin. Code § 461 (2026)
https://ca.codecond.com/codes/fin/division-1-financial-institutions/chapter-4-operations/section-461

Other sections in Chapter 4 - Operations

§ 450§ 451§ 452§ 453§ 454§ 455§ 456§ 457§ 458§ 459§ 460§ 461§ 462§ 463§ 464

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 8, 2026.