Ca_Law

statute | California

Financial Code - FIN - FIN § 582

  • UIDca_leginfo_codes:fin-582
  • CitationFinancial Code - FIN - FIN § 582
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

If the commissioner finds that a subject institution’s books or records are so incomplete or inaccurate that the commissioner is unable through the normal supervisory process to determine the financial condition of the subject institution or the details or purpose of any transact

Text

If the commissioner finds that a subject institution’s books or records are so incomplete or inaccurate that the commissioner is unable through the normal supervisory process to determine the financial condition of the subject institution or the details or purpose of any transaction or transactions that may materially affect the financial condition of the subject institution, the commissioner may, without any prior notice or hearing, order the subject institution to do either of the
following:
(a)
Cease any activity or practice that gave rise, in whole or in part, to the incomplete or inaccurate state of the books or records.
(b)
Take affirmative action to restore the books or records to a complete and accurate state.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 582

    If the commissioner finds that a subject institution’s books or records are so incomplete or inaccurate that the commissioner is unable through the normal supervisory process to determine the financial condition of the subject institution or the details or purpose of any transaction or transactions that may materially…