§ 14604 Member Loan Appeal Rights

Financial Code·California

AI SummaryVerified

A credit union member who is denied a loan can appeal that decision to the board of directors.

Key Takeaways

•Denial can be appealed
•Appeal goes to the board of directors
•Applies to any written loan application

Example

A member applies for a car loan, the loan officer denies it, and the member wants to challenge that denial.

The member can take the denial to the board of directors for review, even if the denial came from the credit committee, credit manager, or loan officer.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 14604 Member Loan Appeal Rights

A credit union member whose written application to enter into any obligation is denied, may appeal from the denial of the credit committee, the credit manager, or loan officer to the board of directors. (Amended by Stats. 1984, Ch. 789, Sec. 5.)

Last verified: January 11, 2026

Key Terms

credit union member written application obligation appeal credit committee credit manager loan officer board of directors

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 14604.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References