Ca_Law

statute | California

Financial Code - FIN - FIN § 16603

  • UIDca_leginfo_codes:fin-16603
  • CitationFinancial Code - FIN - FIN § 16603
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(a) Any foreign (other nation) credit union that is authorized to and does maintain a branch office or agency is exempted from the restrictions of Section 1 of Article XV of the California Constitution relating to rates of interest upon the loan or forbearance of any money, goods

Text

(a)
Any foreign (other nation) credit union that is authorized to and does maintain a branch office or agency is exempted from the restrictions of Section 1 of Article XV of the California Constitution relating to rates of interest upon the loan or forbearance of any money, goods, or things in action or on accounts after demand.
(b)
This section does not exempt a foreign (other nation) credit union or any subsidiary from complying with all other laws and regulations governing
the business in which the foreign (other nation) credit union or subsidiary is engaged.
(c)
This section creates and authorizes an exempt class of persons pursuant to Section 1 of Article XV of the California Constitution.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 16603

    (a) Any foreign (other nation) credit union that is authorized to and does maintain a branch office or agency is exempted from the restrictions of Section 1 of Article XV of the California Constitution relating to rates of interest upon the loan or forbearance of any money, goods, or things in action or on accounts a…