reglab/housing_qa huggingface dataset:
CA Fin Code § 6522 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 1 - General Powers|Section 6522.

6522.  (a) An association that declares and pays dividends may distribute its own shares or may make payments in cash or property. Payment of cash or property shall be made only if there is a sufficient balance of unappropriated retained earnings which is that portion of income retained in the business since its organization or reorganization and which has not been appropriated or reserved for some specific purpose. Dividends shall not be distributed unless the association meets its required statutory net worth before and after that distribution. No dividends shall be paid if that payment would cause the association to be in an impaired condition.(b) A stock split, as defined in Section 188 of the Corporations Code, and a reverse stock split, as defined in Section 182 of the Corporations Code, are authorized and shall not be construed to be dividends within the meaning of this section.(c) Any distribution of permanent capital or paid in surplus shall require prior approval of the commissioner.(d) Any shareholder who receives any distribution prohibited by this section with knowledge of facts indicating the impropriety thereof is liable to the association for the amount received. The commissioner may bring an action for the benefit of the association to recover the distribution from the shareholder.(Amended by Stats. 1987, Ch. 1162, Sec. 11. Effective September 26, 1987.)
CA Fin Code § 6523 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 1 - General Powers|Section 6523.

6523.  (a) An association may use advertising, whether printed, broadcasted by radio, televised, displayed, or communicated in any other manner or make any representation that is accurate and does not misrepresent its services, contracts, investments, or financial condition.(b) The commissioner may require an association to file a true copy of the text of any advertising in the office of the commissioner at least five days prior to its issuance, circulation, or publication. Advertising filed under this subdivision may be used upon the commissioner’s express approval or failure to disapprove it within five days of its filing.(c) Associations shall not issue, circulate, or publish any advertising after notice in writing from the commissioner that in the commissioner’s opinion the advertising is inaccurate or misrepresents the association’s services, contracts, investments, or financial condition.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6524 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 1 - General Powers|Section 6524.

6524.  An association may organize, sponsor, operate, control, or render investment advice to, an investment company, or underwrite, distribute, or sell securities of any investment company which has qualified to sell its securities in this state pursuant to Part 2 (commencing with Section 25100) of Division 1 of Title 4 of the Corporations Code, if the officers and employees of the association who sell these securities meet such standards with respect to training experience, and sales practices as established by the Savings and Loan Commissioner. For the purpose of this section, “investment company” means an investment company as defined in the Investment Company Act of 1940 (15 U.S.C., Sec. 80a-1 et seq.).(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6525 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 1 - General Powers|Section 6525.

6525.  (a) Notwithstanding the provisions of Sections 1051, 1052, and 1054 of the Labor Code and Section 2947 of the Penal Code, an association, a subsidiary or affiliate of an association, or any officer or employee thereof may deliver fingerprints taken of a director, an officer, an employee, or an applicant for employment to local, state, or federal law enforcement agencies for the purpose of obtaining information as to the existence and nature of a criminal record, if any, of the person fingerprinted relating to convictions, and to any arrest for which that person is released on bail or on his or her own recognizance pending trial, for the commission or attempted commission of a crime involving robbery, burglary, theft, embezzlement, fraud, forgery, bookmaking, receiving stolen property, counterfeiting, or involving checks or credit cards or using computers.(b) The Department of Justice shall, pursuant to Section 11105 of the Penal Code, and a local agency may pursuant to Section 13300 of the Penal Code, furnish to the officer of the association or subsidiary or affiliate thereof responsible for the final decision regarding employment of the person fingerprinted, or to his or her designees having responsibilities for personnel or security decisions in the usual scope and course of their employment with the association, subsidiary, or affiliate summary criminal history information when requested pursuant to this section. If, upon evaluation of the criminal history information received pursuant to this section, the association, subsidiary, or affiliate determines that employment of the person fingerprinted would constitute an unreasonable risk to the association, subsidiary, or affiliate or its customers, the person fingerprinted may be denied employment.(c) A request for records pursuant to this section made of the Department of Justice shall be on a form approved by the department. The department may charge a fee to be paid by the requesting association, subsidiary, or affiliate pursuant to subdivision (e) of Section 11105 of the Penal Code. No request shall be submitted without the written consent of the person fingerprinted.(d) Any criminal history information obtained pursuant to this section is confidential and no recipient shall disclose its contents other than for the purpose for which it was acquired.(e) “Affiliate,” as used in this section, means any corporation controlling, controlled by, or under common control with, a savings association, whether directly, indirectly, or through one or more intermediaries.(Amended by Stats. 1989, Ch. 868, Sec. 6. Effective September 26, 1989.)
CA Fin Code § 6525.5 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 1 - General Powers|Section 6525.5.

6525.5.  Except with the prior written consent of the commissioner:(a) No person who has been convicted of any criminal offense involving dishonesty or breach of trust may participate, directly or indirectly, in any manner in the conduct of the affairs of a savings association.(b) A savings association shall not permit any person who has been convicted of any criminal offense involving dishonesty or breach of trust to participate, directly or indirectly, in any manner in the conduct of the affairs of the savings association.(Added by Stats. 1990, Ch. 1118, Sec. 33.)
CA Fin Code § 6526 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 1 - General Powers|Section 6526.

6526.  An association may issue commercial and standby letters of credit in conformance with the Uniform Commercial Code or the Uniform Customs and Practice for Documentary Credits Act and may pledge collateral to secure its obligations thereunder. Except as otherwise provided by regulations of the commissioner, such issuance shall be subject to the following requirements:(a) Each letter of credit must conspicuously state that it is a letter of credit.(b) The issuer’s undertaking must contain a specified expiration date or be for a definite term, and must be limited in amount.(c) The issuer’s obligation to pay must be solely dependent upon the presentation of conforming documents as specified in the letter of credit, and not upon the factual performance or non-performance by the parties to the underlying transaction.(d) The account party must have an unqualified obligation to reimburse the issuer for payments made under the letter of credit.To the extent funds are advanced under a letter of credit without compensation from the account party, the amount shall be treated as an extension of credit subject to percentage of assets limits and other requirements under an applicable provision of this division.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6527 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 1 - General Powers|Section 6527.

6527.  If a loan or other investment is authorized under more than one section of this division an association may designate under which section the loan or investment has been made. Such a loan or investment may be apportioned among appropriate categories, and may be moved, in whole or in part, from one category to another.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6528 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 1 - General Powers|Section 6528.

6528.  An association may provide correspondent services primarily to other depository institutions to the extent that the activity does not violate other provisions of law.(a) An association may maintain a noninterest-bearing account at any institution at which accounts are insured by the Federal Deposit Insurance Corporation, if the account is necessary or incidental to a correspondent relationship.(b) An association may receive non-interest-bearing deposits from correspondent institutions for use as compensating balances, for settlement purposes, or for other purposes incidental to a correspondent relationship. These deposits may be payable on demand and subject to withdrawal by negotiable or transferable instrument, order, or authorization. These deposits shall not give rise to voting rights of membership in a state mutual association.(Amended by Stats. 1990, Ch. 1118, Sec. 34.)
CA Fin Code § 6529 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 1 - General Powers|Section 6529.

6529.  (a) No affiliated person of a savings association may receive, either directly or indirectly, from the association, a subsidiary thereof, or any other source any fee or other compensation of any kind in connection with the procurement of a loan from that association or subsidiary.(b) No savings association shall give and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or part of a real estate closing service shall be referred to any person by the savings association or by a subsidiary or affiliated person thereof, in connection with any loan on real property made by a savings association or subsidiary thereof.(c) Other than for services actually performed, no person shall give and no savings association or subsidiary or affiliated person thereof shall accept any portion, split, or percentage of any charge made or received for the rendering of a real estate closing service in connection with a transaction involving a loan on real property made by a savings association or subsidiary thereof.(d) For purposes of subdivisions (b) and (c), “real estate closing service” includes any service provided in connection with the execution of a real estate escrow transaction, including, but not limited to, title searches, title examinations, the provision of title reports, title insurance, services rendered by an attorney, the preparation of documents, property surveys, the rendering of credit reports or appraisals, pest and fungus inspections, services rendered by a real estate licensee, and the handling of the processing.(Added by Stats. 1990, Ch. 1118, Sec. 35.)
CA Fin Code § 6530 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 1 - General Powers|Section 6530.

6530.  (a) No savings association may discharge or otherwise discriminate against any employee with respect to compensation, terms, conditions, or privileges of employment because the employee (or any person acting pursuant to the request of the employee) provided information to the commissioner, the Attorney General, or any district attorney regarding a possible violation of any law or regulation by the savings association or any of its officers, directors, or employees. (b) Any employee or former employee who believes he or she has been discharged or discriminated against in violation of subdivision (a) may file a civil action in superior court before the close of the 2-year period beginning on the date of that discharge or discrimination. The plaintiff shall also file a copy of the complaint initiating the civil action with the commissioner.(c) If the court determines that a violation of subdivision (a) has occurred, it may order the association which committed the violation to do any of the following:(1) Reinstate the employee to his or her former position.(2) Pay compensatory damages.(3) Take other appropriate actions to remedy any past discrimination.(d) The protections of this section shall not apply to any employee who does either of the following:(1) Deliberately causes or participates in the alleged violation of law or regulation.(2) Knowingly or recklessly provides substantially false information to the commissioner, the Attorney General, or any district attorney.(Added by Stats. 1990, Ch. 1118, Sec. 36.)
CA Fin Code § 6550 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 2 - Branching and Agency Powers|Section 6550.

6550.  (a) A branch office is a legally established place of business of an association other than the home office, a remote service unit, or any agency, authorized by the board of directors and approved by the commissioner, where the business of an association may be conducted.(b) An association may, with the approval of the commissioner, conduct business outside this state, subject to the laws of the state in which the business is done.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6551 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 2 - Branching and Agency Powers|Section 6551.

6551.  (a) An agency of an association is a place or facility, stationary or mobile, other than the home office, a remote service unit, or a branch office, at or through which the association may transact business that is specified by the board of directors and approved by the commissioner.(b) The agency may perform other special duties and functions as may be directed from time to time by the home office or a branch office and approved by the commissioner.(c) An agency may perform only those activities, duties, or functions as are authorized for savings associations by the provisions of this division or regulations of the commissioner.(Amended by Stats. 1988, Ch. 718, Sec. 11.5.)
CA Fin Code § 6552 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 2 - Branching and Agency Powers|Section 6552.

6552.  No association may establish or maintain a branch office or agency without the prior written approval of the commissioner, except that temporary and incidental agencies may be created for individual transactions and for special temporary purposes without approval.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6553 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 2 - Branching and Agency Powers|Section 6553.

6553.  (a) Each application for approval of the establishment and maintenance of a branch office or one or more agencies shall include the following:(1) The proposed location of the branch or agency.(2) The functions to be performed at the branch or agency.(3) Any additional information the commissioner deems necessary to reach a decision.(b) Each application shall be accompanied by the filing fee as prescribed pursuant to Section 9001 and by a budget of the association for the current earnings period and for the next succeeding annual period, which reflects the estimated additional expense of the maintenance of each branch or agency covered by the application.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6554 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 2 - Branching and Agency Powers|Section 6554.

6554.  Upon receipt of a complete application for a branch office, the commissioner shall give written notice of the filing of the application to each association. The notice shall state the name of the association and the name of the city or community in which the branch is proposed to be located.(Amended by Stats. 1985, Ch. 983, Sec. 8. Effective September 26, 1985.)
CA Fin Code § 6555 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 2 - Branching and Agency Powers|Section 6555.

6555.  (a) Before acting on an application for a branch office, the commissioner may hold a hearing at a time and place specified in a notice of hearing.(b) If a hearing is to be held, the hearing shall not be held less than 10 days after the mailing of a notice of hearing under subdivision (a).(c) Any person may appear at the hearing in person or by agent or attorney, and, pursuant to regulations issued by the commissioner, show cause why the application should not be approved.(Amended by Stats. 1985, Ch. 983, Sec. 9. Effective September 26, 1985.)
CA Fin Code § 6556 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 2 - Branching and Agency Powers|Section 6556.

6556.  (a) Upon review of the application for a branch office or agency and after a hearing on the branch application, if one is deemed necessary, the commissioner shall determine whether all of the following criteria are met:(1) The applicant’s policies, financial condition, and operations afford no basis for supervisory objection.(2) The proposed branch office or agency will be opened within a reasonable time after approval, as determined by the commissioner.(b) If the commissioner determines that the criteria set forth in subdivision (a) are met the application shall be approved.(c) If the commissioner determines that the criteria set forth in subdivision (a) are not met the application shall be denied.(Amended by Stats. 1987, Ch. 730, Sec. 13.)
CA Fin Code § 6557 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 2 - Branching and Agency Powers|Section 6557.

6557.  The provisions of this article relating to branch office and agency applications do not apply to a branch office or agency of an existing association acquired pursuant to a merger, consolidation, conversion, or transfer of assets.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6558 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 4 - Powers of Associations|ARTICLE 2 - Branching and Agency Powers|Section 6558.

6558.  The commissioner may adopt rules and regulations relating to any action pertaining to branch offices and agencies regulated by this article.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6600 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 1 - Savings Liability|Section 6600.

6600.  The savings liability of an association shall consist only of the aggregate amount of its savings accounts, plus interest earned or credited to the accounts, less redemption and withdrawal payments.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6601 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 1 - Savings Liability|Section 6601.

6601.  Except as limited by the association from time to time or by state or federal law or regulations, account holders may make additions to their savings accounts in amounts and at times they elect.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6602 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 1 - Savings Liability|Section 6602.

6602.  Savings accounts may be opened for cash or, subject to any limitations or restrictions in regulations issued by the commissioner, for property in which the association is authorized to invest. In the absence of fraud in the transaction, the value of the property taken in payment, as determined by the board of directors, shall be conclusive.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6603 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 1 - Savings Liability|Section 6603.

6603.  No member of a mutual association is responsible for any losses of the association, no savings account is subject to assessment, and no savings account holder is liable for any unpaid installments on the account.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6651 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 2 - Savings Accounts|Section 6651.

6651.  Except for savings accounts issued in marketable or bearer form, savings accounts shall be represented only by the account of each savings account holder on the books of the association, and the accounts or any interest in the accounts shall be transferable only on the books of the association and upon proper written application, and acceptance by the association of the transferee as a holder upon terms approved by the board of directors.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6652 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 2 - Savings Accounts|Section 6652.

6652.  (a) Upon the filing with an association by the savings account holder of record as shown by the books of the association, or by the holder’s legal representative, of an affidavit to the effect that the evidence of account, if any, has been lost or destroyed, and that the account has not been pledged or assigned in whole or in part, the association shall issue a new evidence of account, if applicable, in the name of the holder of record.(b) The new evidence of account may state that it is issued in lieu of the one lost or destroyed and that the association shall not be liable for the loss or destruction of the original evidence of account.(c) The association may require an indemnification or a bond in an amount it deems sufficient to indemnify the association against any loss which might result from the issuance of a new evidence of account under this section.(Amended by Stats. 1984, Ch. 287, Sec. 19. Effective July 6, 1984.)