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Financial Code - FIN - FIN § 14200.1
Financial Code - FIN - FIN § 14200.1
There is in the Division of Financial Institutions of the Department of Financial Protection and Innovation the Office of Credit Unions. The Office of Credit Unions has charge of the execution of the laws of this state relating to credit unions or to the credit union business.
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Financial Code - FIN - FIN § 14200.2
Financial Code - FIN - FIN § 14200.2
The chief officer of the Office of Credit Unions is the Deputy Commissioner of the Office of Credit Unions. The Deputy Commissioner of the Office of Credit Unions, under the direction and on behalf of the Senior Deputy Commissioner of Financial Protection and Innovation for the D
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Financial Code - FIN - FIN § 14201
Financial Code - FIN - FIN § 14201
The commissioner may establish or waive such rules and regulations as may be reasonable or necessary to carry out the purposes and provisions of this division.
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Financial Code - FIN - FIN § 14202
Financial Code - FIN - FIN § 14202
The commissioner may by regulation authorize credit unions organized under the provisions of this division to engage in any activity authorized by law or regulation for credit unions organized under the laws of the United States. Any such regulation shall expire on the first day
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Financial Code - FIN - FIN § 14203
Financial Code - FIN - FIN § 14203
Upon request of the commissioner, a credit union shall furnish to the commissioner an authorization for examination of financial records of any capital funds, undivided profits, and reserve funds, maintained in a financial institution, in accordance with the procedures set forth
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Financial Code - FIN - FIN § 14204
Financial Code - FIN - FIN § 14204
If the commissioner upon any examination, or from any report made to the commissioner, finds any credit union is violating the provisions of this division or the rules made pursuant to this division, or has impaired capital, or is insolvent, or is conducting its business in an un
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Financial Code - FIN - FIN § 14205
Financial Code - FIN - FIN § 14205
The commissioner may, upon reasonable notice and opportunity to be heard, suspend or revoke any certificate if the commissioner finds that the credit union has violated any provisions of this division or any rule or regulation of the commissioner made pursuant to this division, o
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Financial Code - FIN - FIN § 14207
Financial Code - FIN - FIN § 14207
In any proceeding under this law, the burden of proving an exemption or an exception from a definition is upon the person claiming it.
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Financial Code - FIN - FIN § 14208
Financial Code - FIN - FIN § 14208
The commissioner may, after appropriate notice and opportunity for hearing, by order censure, or suspend for a period not exceeding 12 months, or bar from any position of employment or management of, any credit union, any officer, director, or employee of, or person performing si
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Financial Code - FIN - FIN § 14209
Financial Code - FIN - FIN § 14209
(a) Whenever it appears to the commissioner that any person has engaged in or is about to engage in any acts or practices constituting a violation of any provision of this division or any rule or order adopted pursuant to this division, the commissioner may in the commissioner’s
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Financial Code - FIN - FIN § 1421
Financial Code - FIN - FIN § 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 when a customer may withdraw funds deposited by check or similar instrument into the customer’s deposit account. (b)
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Financial Code - FIN - FIN § 14211
Financial Code - FIN - FIN § 14211
In determining for purposes of this division whether the capital of any credit union is adequate, the commissioner shall consider the following: (a) The nature and volume of the business and the proposed business of the credit union. (b) The amount, nature, quality, and liquidity
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Financial Code - FIN - FIN § 14212
Financial Code - FIN - FIN § 14212
(a) The commissioner, whenever in his or her opinion such action is necessary or appropriate to carry out his or her duties, may call a meeting of the board of directors of a credit union. (b) A meeting of the board of a credit union called by the commissioner shall be held upon
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Financial Code - FIN - FIN § 1422
Financial Code - FIN - FIN § 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 beginning to compute interest on funds deposited by check or similar instrument to such an account beyond the da
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Financial Code - FIN - FIN § 1423
Financial Code - FIN - FIN § 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 to the aggrieved party in an amount equal to the sum of any actual damage sustained by the person as a result of th
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Financial Code - FIN - FIN § 1424
Financial Code - FIN - FIN § 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. It is the public policy of this state to provide retail banking customers with the right to withdraw again
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Financial Code - FIN - FIN § 1425
Financial Code - FIN - FIN § 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 institution must permit a customer to draw as a matter of right on an item which has been received for depos
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Financial Code - FIN - FIN § 14250
Financial Code - FIN - FIN § 14250
(a) (1) The commissioner may at any time investigate into the affairs and examine the books, accounts, records, files, and any office within or outside of this state used in the business of every credit union, whether it acts or claims to act under or without authority of this di
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Financial Code - FIN - FIN § 14251
Financial Code - FIN - FIN § 14251
The commissioner upon the written consent of any credit union officer or director may make any examination of the credit union in any regularly established office of the commissioner.
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Financial Code - FIN - FIN § 14252
Financial Code - FIN - FIN § 14252
(a) A credit union with total assets equal to or greater than ten million dollars ($10,000,000) shall, within 105 days after the end of each fiscal year or within any extended time that the commissioner may specify, file with the commissioner an audit report for the fiscal year.
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Financial Code - FIN - FIN § 14253
Financial Code - FIN - FIN § 14253
A credit union shall, when requested by the commissioner, submit its unaudited financial statements, prepared in accordance with generally accepted accounting principles and consisting of at least a balance sheet and statement of income as of the date and for the period specified
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Financial Code - FIN - FIN § 14254.5
Financial Code - FIN - FIN § 14254.5
(a) Except as provided in subdivisions (b) and (c), within 10 business days of opening, closing, or relocating a branch office, a credit union shall notify the commissioner in writing of the action, including the street and mailing addresses of the branch office. (b) A credit uni
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Financial Code - FIN - FIN § 14255
Financial Code - FIN - FIN § 14255
Every credit union shall make other special reports to the commissioner as the commissioner may from time to time require. Such reports shall be in the form and filed at such date as prescribed by the commissioner, and shall if required by him, be verified in such manner as he pr
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Financial Code - FIN - FIN § 14256
Financial Code - FIN - FIN § 14256
(a) If any credit union fails to file with the commissioner any report required by this division on or before the day designated for the filing of the report or, if the time for filing the report is extended by the commissioner, within the extended time, or fails to include in th
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Financial Code - FIN - FIN § 14257
Financial Code - FIN - FIN § 14257
Investigation and examination reports prepared by the commissioner’s duly designated representatives shall not be public records. The reports may be disclosed to the officers, directors, members of the supervisory committee, members of the credit committee, and key management per