reglab/housing_qa huggingface dataset:
CA Fin Code § 502 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 5 - Examinations and Reports-Banking|ARTICLE 1 - Examination|Section 502.

502.  (a) The commissioner may by order or regulation grant exemptions from this section in cases where the commissioner finds that the requirements of this section are not necessary.(b) Each California state bank shall, within 90 days after the end of each fiscal year, or within such extended time as the commissioner may prescribe, file with the commissioner an audit report for the fiscal year.(c) The audit report called for in subdivision (b) shall comply with all of the following provisions:(1) The audit report shall contain those audited financial statements of the bank for or as of the end of the fiscal year prepared in accordance with generally accepted accounting principles and any other information that the commissioner may require.(2) The audit report shall be based upon an audit of the bank conducted in accordance with generally accepted auditing standards and any other requirements that the commissioner may prescribe.(3) The audit report shall be prepared by an independent certified public accountant or independent public accountant who is not unsatisfactory to the commissioner.(4) The audit report shall include or be accompanied by a certificate or opinion of the independent certified public accountant or independent public accountant that is satisfactory in form and content to the commissioner. If the certificate or opinion is qualified, the commissioner may order the bank to take such action as the commissioner may find necessary to enable the independent certified public accountant or independent public accountant to remove the qualification.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 503 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 5 - Examinations and Reports-Banking|ARTICLE 1 - Examination|Section 503.

503.  The commissioner, whenever in his or her opinion the condition of the bank, trust company, or foreign banking corporation is such as to require such audit, may require any bank, trust company, or foreign banking corporation to employ a certified public accountant to make a special audit of the affairs of such bank or trust company at its expense.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 504 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 5 - Examinations and Reports-Banking|ARTICLE 1 - Examination|Section 504.

504.  The commissioner, for good cause, at any time and from time to time may employ appraisers to appraise the value of any investment, asset, or property held or upon which a lien is held as security for a loan. The bank, trust company, or foreign banking corporation shall pay to the commissioner on demand the cost of such appraisal.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 505 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 5 - Examinations and Reports-Banking|ARTICLE 1 - Examination|Section 505.

505.  The commissioner, a deputy commissioner, and every examiner assigned to an examination may administer an oath to any person whose testimony is required for the purposes of any examination authorized by this division and may by issuance of subpoena compel the appearance of any person and the production of any evidence for the purposes of the examination.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 506 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 5 - Examinations and Reports-Banking|ARTICLE 1 - Examination|Section 506.

506.  Whenever he or she deems it expedient, the commissioner may call a meeting of the stockholders of any bank or trust company. Notice of the time and place of the meeting shall be given to each stockholder by a notice mailed to the stockholder by registered mail at the stockholder’s last known address at least 15 days before the date of the meeting. Any expenses of such meeting shall be borne by the bank or trust company.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 507 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 5 - Examinations and Reports-Banking|ARTICLE 1 - Examination|Section 507.

507.  During any emergency period declared by the President of the United States, each bank shall conform to any order of the commissioner directed to it, relating to and conforming with regulations, limitations, or restrictions which are applicable thereto prescribed by the Secretary of the Treasury, the Comptroller of the Currency, or the Board of Governors of the Federal Reserve System regulating or governing the operations of banks which are members of the Federal Reserve System.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 508 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 5 - Examinations and Reports-Banking|ARTICLE 1 - Examination|Section 508.

508.  During any emergency period declared by the Governor no bank shall transact any banking business except to such extent and subject to such regulations, limitations, or restrictions as may be prescribed by the commissioner, which, as to member banks, shall be as consistent as the exigencies of the situation permit with the provisions of the Federal Reserve Act and regulations issued thereunder or, as to insured banks, shall be as consistent as the exigencies of the situation permit with the rules and regulations governing banks whose deposits are insured by the Federal Deposit Insurance Corporation.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 509 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 5 - Examinations and Reports-Banking|ARTICLE 1 - Examination|Section 509.

509.  (a) The commissioner may, in his or her discretion, bring an action in the name of the people of this state in a superior court to enjoin a violation of, to enforce compliance with, or to collect a penalty or other liability imposed under, this division or any regulation or order issued under this division. The amount of any penalty or liability collected shall be deposited into the State Banking Account in the Financial Institutions Fund. Upon a proper showing, a permanent or preliminary injunction, restraining order, or writ of mandate shall be granted, and a monitor, receiver, conservator, or other designated fiduciary or officer of the court may be appointed for the defendant or the defendant’s assets, or other appropriate relief may be granted.(b) A receiver, monitor, conservator, or other designated fiduciary officer of the court appointed by the superior court pursuant to this section may, with the approval of the court, exercise all of the powers of the defendant’s officers, directors, partners, trustees, or of persons who exercise similar powers and perform similar duties, including the filing of a petition for bankruptcy. No action at law or in equity may be maintained by any party against the commissioner, or a receiver, monitor, conservator, or any other designated fiduciary officer of the court by reason of their exercising these powers or performing these duties pursuant to the order of, or with the approval of, the superior court.(c) If the commissioner determines it is in the public interest, the commissioner may include in an action authorized by subdivision (a), a claim for ancillary relief, including, but not limited to, a claim for restitution, disgorgement, or damages on behalf of the person injured by the act or practice that is the subject matter of the action. The court has jurisdiction to award additional relief.(d) The provision of subdivision (a) that authorizes the appointment of a monitor, receiver, conservator, or other designated fiduciary or officer of the court, and subdivisions (b) and (c) do not apply to any of the following:(1) A state bank that is authorized by the commissioner to transact commercial banking or trust business.(2) A national bank.(3) A foreign (other state) bank that maintains a branch office in this state in accordance with federal law, the law of this state, and the law of the bank’s domicile.(4) A foreign (other nation) bank that is licensed by the commissioner to maintain a branch office or agency, as defined in Section 1750, in this state.(5) A foreign (other nation) bank that maintains a federal branch or agency, as defined in Section 1750, in this state.(e) The provisions of this section that authorize the commissioner to bring actions and seek relief are not intended to, and do not, affect any right that any other person may have to bring the same or similar actions, or to seek the same or similar relief.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 520 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 5 - Examinations and Reports-Banking|ARTICLE 2 - Reports|Section 520.

520.  (a) A California state bank shall prominently display in the lobby of its main office and each branch office, except an automated teller machine branch office, a notice that any person may obtain a financial report from the bank. The notice shall include the address and telephone number of the person or office to be contacted for a financial report. The bank shall, promptly after receiving a request for a financial report, mail or otherwise furnish the financial report to the requester. The first financial report shall be provided without charge.(b) The financial report called for in this section shall contain either (1) the information that the commissioner may require by regulation or (2) in the absence of a regulation, the last balance sheet and income statement, each without any schedules, that the bank filed with the commissioner pursuant to Section 453.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 550 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 1 - General Provisions|Section 550.

550.  In this article:(a) “Appropriate licensee business” means the business that a licensee may conduct in accordance with the charter or license that the commissioner has issued to that licensee.(b) “Customer” means a depositor of a bank, a member of a credit union, or a customer of any other licensee.(c) “Holding company” shall have the meaning set forth in Section 1280.(d) “Officer of a subject institution” means any director, officer, official, or employee of the subject institution.(e) “Person” means a subject institution or a subject person.(f) “Subject institution” means any of the following:(1) Licensee.(2) Subsidiary of a licensee.(3) Foreign (other state) or foreign (other nation) bank or credit union that maintains an office in this state, with respect to any such office other than a national bank or federal credit union.(4) Any other person lawfully conducting the business of a bank or credit union in this state other than a national bank or federal credit union.(g)  “Subject person,” when used with respect to a subject institution, means any of the following:(1) Director, officer, employee, or agent of the subject institution.(2) Member, consultant, joint venture partner, or other person that participates in the affairs of a subject institution.(3) Independent contractor, including any attorney, appraiser, or accountant, who knowingly or recklessly participates in any of the following acts if the act caused or is likely to cause more than a minimal financial loss to, or a significant adverse effect on, the subject institution:(A) A violation of any applicable law, regulation, or order.(B) A breach of fiduciary duty.(C) An unsafe or unsound act.(h)  “Violation” includes any act performed, alone or with other persons, for or toward causing, bringing about, participating in, counseling, aiding, or abetting a violation of any applicable statute, regulation, provision of a written order issued by the commissioner, or provision of a written agreement made between the commissioner and a subject institution or subject person.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 551 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 1 - General Provisions|Section 551.

551.  Any subject person who is entitled to a hearing pursuant to this article may waive that right at any time. A waiver under this section shall relieve the commissioner from having to issue a formal notice of hearing that would otherwise be required by this article.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 552 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 1 - General Provisions|Section 552.

552.  (a) Within 30 days after an order is issued pursuant to Section 567, 581, 582, 586, or 591, or subdivision (c) of Section 587, the person to whom the order is issued may file with the commissioner an application for a hearing on the order.(b) If the commissioner fails to commence the hearing within 15 business days after the application is filed with the commissioner or within any longer period to which the person subject to the order consents, the order shall be deemed rescinded.(c) Within 30 days after the hearing, or within any longer period to which the person consents, the commissioner shall affirm, modify, or rescind the order. If the commissioner fails to affirm, modify, or rescind the order within that time limit, the order shall be deemed rescinded.(d) The right to petition for judicial review of the order shall not be affected by the failure of the person subject to the order to apply to the commissioner for a hearing on the order pursuant to subdivision (a).(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 553 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 1 - General Provisions|Section 553.

553.  In addition to any other action or requirement the commissioner deems necessary or advisable, an order issued pursuant to Section 580, 581, 582, 585, 586, or 587 may require the person subject to the order to do any of the following:(a) Make restitution or provide reimbursement, indemnification, or guarantee against loss, if the subject institution, subject person, or holding company was unjustly enriched by the action or violation or if the action or violation involved a reckless disregard for any provision of this division, of any regulation or order issued under this division, of any other applicable law, or of any agreement with the commissioner.(b) Restrict the growth of the subject institution.(c) Dispose of any loan or other asset.(d) Correct violations of law.(e) Employ qualified officers or employees, who may be subject to approval of the commissioner.(f) Limit the activities or functions of the subject institution, subject person, or holding company.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 554 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 1 - General Provisions|Section 554.

554.  If the commissioner takes possession of a subject institution without a prior notice or hearing, or takes action against a subject person without prior notice or hearing, the commissioner shall, upon taking possession or taking that action, concurrently provide to the subject institution or subject person a written order. The order shall set forth the condition or conditions of the subject institution or action or actions of the subject person that constitute the basis or bases for the commissioner’s action. In any case where the commissioner takes possession of a subject institution, the commissioner shall establish, by clear evidence, the basis for his or her action.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 560 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 2 - Actions Involving the Conduct of Business by Unauthorized Persons|Section 560.

560.  No person who has not received a certificate from the commissioner authorizing it to engage in the banking business shall solicit or receive deposits, issue certificates of deposit with or without provision for interest, make payments on checks, or transact business in the way or manner of a bank or trust company.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 561 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 2 - Actions Involving the Conduct of Business by Unauthorized Persons|Section 561.

561.  No person who has not received a certificate from the commissioner authorizing it to engage in the banking business shall advertise that it is accepting deposits, and issuing notes or certificates therefore, or make use of any office sign, at the place where its business is transacted, having thereon any artificial or corporate name, or other words indicating that the place or office is the place or office of a bank or trust company, that deposits are received there or payments made on checks, or any other form of banking business is transacted, nor shall any person make use of or circulate any letterheads, billheads, blank notes, blank receipts, certificates, or circulars, or any written or printed paper, whatever, having thereon any artificial or corporate name or other words indicating that the business is the business of a bank or trust company, or transact business in a way or manner as to lead the public to believe that its business is that of a bank or trust company, except to the extent expressly authorized by this division.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 562 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 2 - Actions Involving the Conduct of Business by Unauthorized Persons|Section 562.

562.  No person who has not received a certificate from the commissioner authorizing it to engage in the banking business shall transact business under any name or title that contains the word “bank” or “banker” or “banking” or “industrial bank” or “industrial loan company” or “investment and loan” or “savings bank” or “thrift and loan” or “trust” or “trustee” or “trust company” or act or advertise in any manner that indicates that the business is the business of a bank or trust company. Any building and loan association or savings association having in its corporate name words not clearly indicating the nature of its business shall state, on all signs, letterheads, and advertising matter, “This is a building and loan association” or “This is a savings association” or words to that effect.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 563 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 2 - Actions Involving the Conduct of Business by Unauthorized Persons|Section 563.

563.  No provision of Section 560, 561, or 562 prohibits any of the following from transacting any business or performing any activity if it is authorized by applicable law to transact the business or perform the activity and is not prohibited by any applicable law, other than Section 560, 561, or 562, from transacting the business or performing the activity:(a) Any California state commercial bank, industrial bank, or trust company.(b) Any national bank.(c) Any insured foreign (other state) state bank.(d) Any foreign (other state) state bank that is licensed by the commissioner under Article 3 (commencing with Section 1700) of Chapter 19 of Division 1.1 to maintain a facility, as defined in Section 1670, in this state.(e) Any foreign (other nation) bank that is licensed by the commissioner under Chapter 20 (commencing with Section 1750) of Division 1.1 to maintain an office in this state.(f) Any foreign (other nation) bank that maintains a federal agency, as defined in subdivision (g) of Section 1750, or federal branch, as defined in subdivision (h) of Section 1750, in this state.(g) Any California state corporation that is incorporated for the purpose of engaging in, and that is authorized by the commissioner to engage in, business under Article 1 (commencing with Section 1850) of Chapter 21 of Division 1.1.(h) Any corporation incorporated under Section 25A of the Federal Reserve Act (12 U.S.C. Sec. 612 et seq.).(i) Any foreign corporation that is licensed by the commissioner under Article 1 (commencing with Section 1850) of Chapter 21 of Division 1.1 to maintain an office in this state and to transact at that office business under Article 1 (commencing with Section 1850) of Chapter 21 of Division 1.1.(j) Any industrial bank that is organized under the laws of another state of the United States and is insured by the Federal Deposit Insurance Corporation.(Amended by Stats. 2013, Ch. 334, Sec. 26. (SB 537) Effective January 1, 2014.)
CA Fin Code § 564 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 2 - Actions Involving the Conduct of Business by Unauthorized Persons|Section 564.

564.  Any person or any bank violating any provision of the foregoing sections of this article shall be liable to the people of the state in the amount of one hundred dollars ($100) per day or part thereof during which that violation continues.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 565 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 2 - Actions Involving the Conduct of Business by Unauthorized Persons|Section 565.

565.  No person shall represent by advertisement, circular, or otherwise, or in any manner mislead anyone to believe, that any securities are legal investments for savings banks in this state or conform to the requirements of law relating to such investments, unless those securities are in fact at that time legal investments for such banks or do in fact so conform. Any person violating the provisions of this section shall be guilty of a misdemeanor and shall be punishable by a fine of not more than one thousand dollars ($1,000) or by imprisonment in a county jail not exceeding one year, or by both such fine and imprisonment.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 567 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 2 - Actions Involving the Conduct of Business by Unauthorized Persons|Section 567.

567.  If the commissioner finds that a person has conducted, or that there is reasonable cause to believe that a person is about to conduct, business that requires a license issued by the commissioner and that person has not been issued the required license, the commissioner may, without any prior notice or hearing, order the person to cease and desist from conducting any unauthorized business unless and until the person is issued a license to engage in appropriate licensee business.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)