California Financial Code ARTICLE 1 - General Provisions

• Section 16500.
  This chapter may be cited as the “Foreign (Other Nation) Credit Union Law.”(Added by Stats. 2000, Ch. 612, Sec. 4. Effective January 1, 2001.)
• Section 16501.
  In this chapter:(a) “Agency,” when used with respect to a foreign (other nation) credit union, means an office in this state at which the foreign (other...
• Section 16502.
  Nothing in this chapter shall apply to a foreign (other state) state credit union or be deemed to authorize a foreign (other state) state credit...
• Section 16503.
  No foreign (other nation) credit union may establish a branch office unless its deposit or share accounts are insured by the National Credit Union Administration...
• Section 16504.
  Each application filed with the commissioner under this chapter or under any regulation or order issued under this chapter shall be in the form, shall...
• Section 16505.
  Fees shall be paid to and collected by the commissioner as follows:(a) The fee for filing with the commissioner an application by a foreign (other nation)...
• Section 16506.
  (a) (1) No foreign (other nation) credit union shall be issued a license to maintain an office unless it shall have first filed with the commissioner, in...
• Section 16507.
  In administering the provisions of this chapter, the commissioner may share information with federal and home country regulators of foreign (other nation) credit unions.(Added by...
• Section 16508.
  No license shall be transferable or assignable.(Added by Stats. 2000, Ch. 612, Sec. 4. Effective January 1, 2001.)
• Section 16509.
  A foreign (other nation) credit union that is licensed to establish an office shall post at a conspicuous place at the office a notice to...
• Section 16510.
  Whenever a foreign (other nation) credit union is licensed to establish more than one office, it shall designate one of its offices as its primary...
• Section 16511.
  Each foreign (other nation) credit union that is licensed to establish an office shall conduct all of the business of the office in a single...
• Section 16512.
  Whenever any provision of this chapter or of any regulation or order issued under this chapter that is applicable to or with respect to a...

Last modified: October 22, 2018