California Financial Code ARTICLE 2 - Disclosure of Delayed Availability Policy
- Section 1420.
As used in this article:(a) “Depository institution” means any of the following:(1) Any insured bank as defined in Section 3 of the Federal Deposit Insurance Act (12...
- Section 1421.
(a) Prior to opening a deposit account a depository institution shall provide a written disclosure to the potential customer of its general policy with respect to...
- Section 1422.
For the purposes of computing the amount of interest or dividends payable with respect to an interest-bearing deposit account, a depository institution shall not delay...
- Section 1423.
Except as otherwise provided in this section, any depository institution which fails to comply with any requirement imposed pursuant to this article shall be liable...
- Section 1424.
The commissioner shall issue administrative regulations to define a reasonable time for permitting customers to draw on items received for deposit in the customer’s account....
- Section 1425.
Pursuant to Section 1424, the commissioner shall promulgate regulations which shall be reviewed annually to establish a reasonable period of time within which a depository...
- Section 1426.
The commissioner is authorized to gather from depository institutions such information as may be necessary for the formulation and promulgation of the regulations required by...
- Section 1427.
The first regulations issued pursuant to this article shall be issued on or before July 1, 1984.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB...
- Section 1428.
The commissioner is authorized to issue regulations which provide for a different period of time for withdrawal as a matter of right against deposited items,...
- Section 1429.
(a) Funds deposited in an account at a depository institution shall be available on the second business day after the business day on which those funds...
Last modified: October 22, 2018