{"data":{"id":"us-ca/fin-14959","jurisdiction":"us-ca","citation":"FIN § 14959","heading":"","body":"(a) A credit union may do either or both of the following:\n(1) Purchase, in whole or in part, from any source, loans made to its members.\n(2) Sell, in whole or in part, to any source, loans made to its members.\n(b) A credit union may purchase, in whole or in part, either or both of the following:\n(1) A loan originated by another credit union, which is made to a member of the originating credit union even though the member is not also a member of the credit union purchasing the loan.\n(2) A loan from any source, if the purchase will facilitate the purchasing credit union’s packaging of a pool of those loans to be sold or pledged on the secondary market.\n(c) A loan purchase that is authorized by this section shall not be an obligation with a nonmember within the meaning of Section 14750.","path":["Financial Code - FIN","DIVISION 5. CREDIT UNIONS [14000. - 16906.]","CHAPTER 7. Loans [14950. - 15103.]","ARTICLE 1. General [14950. - 14961.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"ea87231a7fd618943ebc33c43c63f3ba8786df762d1d2d149c3229f50ed072d6","source_id":"us-ca","stale":false,"prev":"us-ca/fin-14958","next":"us-ca/fin-14960"},"notice":"GroundRules: Original legal text. Not legal advice."}