reglab/housing_qa huggingface dataset:
CA Fin Code § 1415 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 12 - Deposits|ARTICLE 1 - Depositors|Section 1415.

1415.  (a) For purposes of this section, the following definitions apply:(1) “Nonqualifying account” means a deposit account, other than a demand deposit account, that is not a qualifying account.(2) “Qualifying account” means a deposit account, other than a demand deposit account, through which a bank’s depositors may obtain chances to win prizes in a savings promotion.(3) “Savings promotion” means a contest or promotion to encourage savings deposits that is sponsored by one or more banks, or by a banking trade association or its subsidiary in conjunction with one or more banks, and in which bank depositors are offered a chance to win designated prizes.(b) A bank may sponsor or participate in a savings promotion if all of the following requirements are satisfied:(1) Bank depositors are not required to pay any fee or otherwise provide any consideration in order to enter the savings promotion.(2) All material terms of, and fees charged by a bank in connection with, a qualifying account are comparable to those of comparable nonqualifying accounts offered by the bank.(3) Each entry in the savings promotion has an equal chance of winning.(4) Participants in the savings promotion are not required to be present at a prize drawing in order to win.(c) For purposes of this section, a depositor’s deposit of at least a specified amount of money in a qualifying account, which is required in order to enter the savings promotion, is not consideration if the interest rate associated with the qualifying account is not reduced, as compared to comparable nonqualifying accounts offered by the bank, to account for the possibility of winning a prize.(d) A savings promotion offered by a bank shall not be considered a lottery within the meaning of Section 319 or 319.3 of the Penal Code, or a raffle within the meaning of Section 320.5 of the Penal Code.(Added by Stats. 2018, Ch. 847, Sec. 1. (SB 1055) Effective January 1, 2019.)
CA Fin Code § 1420 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 12 - Deposits|ARTICLE 2 - Disclosure of Delayed Availability Policy|Section 1420.

1420.  As used in this article:(a) “Depository institution” means any of the following:(1) Any insured bank as defined in Section 3 of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1811 et seq.) or any bank which is eligible to make application to become an insured bank under Section 5 of the act.(2) A mutual savings bank as defined in Section 3 of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1811 et seq.) or any bank which is eligible to make application to become an insured bank under Section 5 of the act.(3) A savings bank as defined in Section 3 of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1811 et seq.) or any bank which is eligible to make application to become an insured bank under Section 5 of the act.(4) An insured credit union as defined in Section 101 of the Federal Credit Union Act (12 U.S.C. Sec. 1751 et seq.) or any credit union which is eligible to make application to become an insured credit union pursuant to Section 201 of that act.(5) Any member as defined in Section 2 of the Federal Home Loan Bank Act (12 U. S.C. Sec. 1421 et seq.).(6) Any insured institution as defined in Section 401 of the National Housing Act (12 U.S.C. Sec. 1701 et seq.) or any institution which is eligible to make application to become an insured institution under Section 403 of that act.(b) “Deposit account” means an account in a depository institution on which the account holder is permitted to make withdrawals from time to time in person by negotiable or transferable instrument, payment orders of withdrawal, telephone transfers, or other similar items for the purpose of making payments or transfers to third persons or others. The term includes demand deposits, negotiable order of withdrawal draft accounts, savings deposits subject to automatic transfers, share draft accounts, and all savings deposits and share accounts, other than time deposits.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1421 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 12 - Deposits|ARTICLE 2 - Disclosure of Delayed Availability Policy|Section 1421.

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) A depository institution shall furnish its customers preprinted deposit slips, envelopes for automatic teller machine deposits, or other individual notice bearing a conspicuous summary statement 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; and, in the case of a particular deposit by check or similar instrument into a deposit account for which funds may not be immediately available for withdrawal, provide specific notice of the time the customer may withdraw such funds.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1422 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 12 - Deposits|ARTICLE 2 - Disclosure of Delayed Availability Policy|Section 1422.

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 date on which that depository institution receives provisional credit for the check or similar instrument. However, the payment of interest with respect to funds deposited by check or similar instrument which is returned unpaid shall not be required.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1423 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 12 - Deposits|ARTICLE 2 - Disclosure of Delayed Availability Policy|Section 1423.

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 the failure; and, in the case of an individual action an additional amount as the court may allow, except that the amount shall not be less than fifty dollars ($50) or greater than five hundred dollars ($500); or, in the case of a class action, such amount as the court may allow, except that as to each member of the class no minimum recovery shall be applicable, and the total recovery in any class action or series of class actions arising out of the same failure to comply by the same depository institution shall not be more than the lesser of five hundred thousand dollars ($500,000) or 1 percent of the net worth of the depository institution; and, in the case of any successful action to enforce the foregoing liability, the costs of the action, together with a reasonable attorney’s fee as determined by the court.In determining the amount of award in any class action, the court shall consider, among other relevant factors, the amount of any actual damages awarded, the frequency and persistence of failures of compliance, the resources of the depository institution, the number of persons adversely affected, and the extent to which the failure of compliance was intentional.A depository institution may not be held liable in any action brought under this section for a violation of this article if the violation was not intentional and resulted from a bona fide error notwithstanding the maintenance of procedures reasonably adapted to avoid any such error. Examples of a bona fide error include, but are not limited to, clerical, calculation, computer malfunction and programming, and printing errors. An error of legal judgment with respect to a person’s obligations under this article shall not constitute a bona fide error.Any action under this section may be brought in any court of competent jurisdiction, within one year from the date of the occurrence of the violation.No provision of this section imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule, regulation, or interpretation thereof by the Federal Reserve Board or in conformity with any interpretation or approval by an official or employee of the Federal Reserve System duly authorized by the board to issue interpretations or approvals under such procedures as the board may prescribe therefor, notwithstanding that after any act or omission has occurred, the rule, regulation, interpretation, or approval is amended, rescinded, or determined by judicial or other authority to be invalid for any reason.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1424 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 12 - Deposits|ARTICLE 2 - Disclosure of Delayed Availability Policy|Section 1424.

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 against items deposited with any depository institution located in this state within a reasonable period of time.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1425 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 12 - Deposits|ARTICLE 2 - Disclosure of Delayed Availability Policy|Section 1425.

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 deposit in the customer’s account.In determining what constitutes a reasonable period of time the commissioner shall consider the following factors:(a) The actual time for processing and transport between the depository and payer institutions.(b) The fastest air transport time between depository and payer institutions to be used for purposes of setting the reasonable time for transport.(c) The most expeditious route and means for processing of returned items.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1426 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 12 - Deposits|ARTICLE 2 - Disclosure of Delayed Availability Policy|Section 1426.

1426.  The commissioner is authorized to gather from depository institutions such information as may be necessary for the formulation and promulgation of the regulations required by Section 1424.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1427 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 12 - Deposits|ARTICLE 2 - Disclosure of Delayed Availability Policy|Section 1427.

1427.  The first regulations issued pursuant to this article shall be issued on or before July 1, 1984.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1428 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 12 - Deposits|ARTICLE 2 - Disclosure of Delayed Availability Policy|Section 1428.

1428.  The commissioner is authorized to issue regulations which provide for a different period of time for withdrawal as a matter of right against deposited items, if there has been a determination that the application of the regulations adopted pursuant to this article would result in unsafe or unsound practices by a depository institution subject to the regulatory jurisdiction of the commissioner.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1440 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 12 - Deposits|ARTICLE 3 - Dormant Accounts|Section 1440.

1440.  Any bank which delivers or has heretofore delivered to the State Treasurer pursuant to law any unclaimed or abandoned deposit shall not thereafter be liable to any person for the same and any action which may be brought by any person against a bank for money so delivered to the State Treasurer shall be defended by the Attorney General without cost to the bank.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1451 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 13 - Withdrawals and Collections|ARTICLE 1 - General|Section 1451.

1451.  When the depositor of a commercial or savings account has authorized any person to make withdrawals from the account, the bank, in the absence of written notice otherwise, may assume that any check, receipt, or order of withdrawal drawn by such person in the authorized form or manner, including checks drawn to his personal order and withdrawal orders payable to him personally, was drawn for a purpose authorized by the depositor and within the scope of the authority conferred upon such person.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1452 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 13 - Withdrawals and Collections|ARTICLE 1 - General|Section 1452.

1452.  A bank need not recognize or give any effect to (1) any claim to a deposit of cash or securities standing on its books to the credit of, or held by it for the account of, any corporation, firm or association in occupied territory or (2) any advice, statute, rule or regulation purporting to cancel or to give notice of the cancellation of the authority of any person at the time appearing on the books of such bank as authorized to withdraw or otherwise dispose of cash or securities of such corporation, firm or association, unless such bank is required so to do by appropriate process procured against it in a court of competent jurisdiction in the United States in a cause therein instituted by or in the name of such corporation, firm or association, or unless the person making such claim or giving such advice or invoking such statute, rule or regulation, as the case may be, shall execute to such bank, in form and with sureties acceptable to it, a bond indemnifying it from any and all liability, loss, damage, costs and expenses for and on account of recognizing or giving any effect to such claim, advice, statute, rule or regulation.For the purposes of this section (1) the term “occupied territory” shall mean territory occupied by a dominant authority asserting governmental, military or police powers of any kind in such territory, but not recognized by the United States as the de jure government of such territory, and (2) the term “corporation, firm or association in occupied territory” shall mean a corporation, firm or association which has, or at any time has had, a place of business in territory which has at any time been occupied territory.The provisions of this section shall be effective only in cases where (1) such claim or advice purports or appears to have been sent from or is reasonably believed to have been sent pursuant to orders originating in, such occupied territory during the period of occupation, or (2) such statute, rule or regulation appears to have emanated from such dominant authority and purports to be or to have been in force in such occupied territory during the period of occupation.This section applies to claims, advices, statutes, rules or regulations given or invoked either before or after the effective date of this section.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1455 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 13 - Withdrawals and Collections|ARTICLE 2 - Certified Checks|Section 1455.

1455.  Whenever a bank certifies a check, the amount thereof shall be immediately charged against the account of the drawer.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1456 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 13 - Withdrawals and Collections|ARTICLE 2 - Certified Checks|Section 1456.

1456.  It shall be unlawful for any officer or employee of a bank to certify any check drawn upon such bank, unless the drawer has on deposit with the bank, at the time such check is certified, an amount to his credit on the books of the bank not less than the amount specified therein.Any bank officer or employee who wilfully violates the provisions of this section or who resorts to any device or receives any fictitious obligations directly or indirectly in order to evade the provisions of this section is guilty of a felony.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1460 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 14 - Loans and Investments|ARTICLE 1 - General Provisions|Section 1460.

1460.  A commercial bank shall not rediscount, borrow money, or hypothecate its assets as security for money borrowed except to the extent and upon the conditions set forth in this division.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1461 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 14 - Loans and Investments|ARTICLE 1 - General Provisions|Section 1461.

1461.  Assets hypothecated by a commercial bank as security for moneys borrowed shall not exceed in value the amount borrowed by more than 50 percent except with the prior written consent of the commissioner.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1462 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 14 - Loans and Investments|ARTICLE 1 - General Provisions|Section 1462.

1462.  A commercial bank may borrow money by discounting or otherwise, and may borrow money secured by real property owned by the bank, to an amount not in excess of its shareholders’ equity, but shall not borrow money except as provided in Sections 1464 and 1465 in excess of such amount without the prior written approval of the commissioner.The amounts of moneys so borrowed by a commercial bank together with the amount of any of its deposits secured by surety bonds shall not at any one time exceed the amount of its shareholders’ equity without the prior written approval of the commissioner.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1463 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 14 - Loans and Investments|ARTICLE 1 - General Provisions|Section 1463.

1463.  A commercial bank may hypothecate its assets in any manner provided by law to secure the deposits of moneys of the United States, of postal savings funds, of estates in bankruptcy cases, of the State of California, or of any political subdivision, public corporation, or district of the State of California. With the prior approval of the commissioner a bank may hypothecate its assets to secure moneys payable to other states.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1464 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 14 - Loans and Investments|ARTICLE 1 - General Provisions|Section 1464.

1464.  A commercial bank may borrow for the purpose of buying from the United States, United States bonds, United States Treasury certificates, or notes or other obligations of the United States.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1465 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 14 - Loans and Investments|ARTICLE 1 - General Provisions|Section 1465.

1465.  A commercial bank may rediscount with, borrow money from, or hypothecate its assets as security for money borrowed from a Federal Reserve bank, the Federal Deposit Insurance Corporation, or the Federal Home Loan Bank.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1466 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 14 - Loans and Investments|ARTICLE 1 - General Provisions|Section 1466.

1466.  A commercial bank may issue negotiable certificates of deposit transferable by endorsement and delivery and nonnegotiable certificates transferable only on the books of the bank.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1467 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 14 - Loans and Investments|ARTICLE 1 - General Provisions|Section 1467.

1467.  A commercial bank located in a place the population of which does not exceed 5,000 persons according to the most recent official federal or state census may act as agent for any fire, life, or other insurance company authorized to do business in California by soliciting and selling insurance and collecting premiums and may receive for such services such fees and commissions as may be agreed upon with the insurance company if the bank is engaged in such business on October 1, 1949, and is duly licensed under the Insurance Code, and may act also as the broker or agent for others in making or procuring loans on real property located within 100 miles of the place in which the bank is located and may receive for such services a fee or a commission if it is engaged in such business on October 1, 1949, and is duly licensed. In engaging in either of such businesses the bank shall comply with all rules and regulations of the commissioner relating thereto and shall not guarantee either the principal or interest of any loan procured by it as broker or agent or assume or guarantee the payment of any premium on insurance policies written through it as agent or broker or guarantee the truth of any statement made by an insured in filing an application for insurance.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1470 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 14 - Loans and Investments|ARTICLE 2 - Loan and Investment Limitations|Section 1470.

1470.  (a) In this article and in Article 4 (commencing with Section 1710) of Chapter 19, “affiliate,” when used with respect to a specified person, means any person controlling, controlled by, or under common control with, the specified person, directly or indirectly, through one or more intermediaries.(b) “Control” has the meaning set forth in Section 1250.(c) “Regulated corporation” means any corporation or limited liability company or similar entity in which a bank makes an equity investment and which the bank controls.(d) “Securities issued by a person” means any debt, equity, or other security issued by a person, and any and all affiliates of that person, issued for the benefit of that person or for the benefit of an affiliate of that person.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1471 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 14 - Loans and Investments|ARTICLE 2 - Loan and Investment Limitations|Section 1471.

1471.  (a) Subject to the limitations and exceptions in Sections 1481 and 1510, a bank may hold both obligations made by a person, and securities issued by that same person.(b) The total amount of obligations and securities held by a bank pursuant to subdivision (a) shall not exceed 25 percent of the sum of the shareholders’ equity, allowance for loan and lease losses, capital notes and debentures of the bank.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)