reglab/housing_qa huggingface dataset:
CA Fin Code § 580 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 3 - Orders Against Licensees and Subject Persons|Section 580.

580.  If, after notice and an opportunity to be heard, the commissioner finds any of the factors set forth in subdivision (a) or (b) with respect to any subject institution, subject person, or any holding company, the commissioner may order the subject institution, subject person, or holding company to cease and desist from the act or violation:(a) That the subject institution, subject person, or holding company has engaged or participated, is engaging or participating, or that there is reasonable cause to believe that the subject institution, subject person, or holding company is about to engage or participate, in any unsafe or unsound act with respect to the business of the subject institution.(b) That the subject institution, subject person, or holding company has violated, is violating, or that there is reasonable cause to believe that the subject institution, subject person, or holding company is about to violate any:(1) Provision of any division subject to the jurisdiction of the commissioner.(2) Provision of any regulation promulgated by, or subject to the jurisdiction of, the commissioner.(3) Provision of any other applicable law.(4) Provision of any written agreement between the subject institution, subject person, or holding company, and the commissioner.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 581 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 3 - Orders Against Licensees and Subject Persons|Section 581.

581.  If the commissioner finds that any of the factors set forth in Section 580 is true with respect to any subject institution, subject person, or holding company, and that the action, omission, or violation is likely to have any of the consequences set forth in subdivisions (a) to (d), inclusive, the commissioner may, without any prior notice or opportunity to be heard, order the subject institution or subject person to cease and desist from the following:(a) Any act, omission, or violation that may cause the insolvency of the subject institution.(b) Any act, omission, or violation that may cause significant dissipation of the assets or earnings of the subject institution.(c) Any act, omission, or violation that may weaken the condition of the subject institution.(d) Any act, omission, or violation that may otherwise prejudice the interests of the customers of the subject institution.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 582 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 3 - Orders Against Licensees and Subject Persons|Section 582.

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 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.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 583 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 3 - Orders Against Licensees and Subject Persons|Section 583.

583.  (a) The commissioner shall make public on the department’s Internet Web site all final orders issued pursuant to Sections 329, 567, 580, 581, 582, 585, 586, 587, 2148, 14303, 14304, 14305, 14307, 14308, 14309, 14310, 16200.5, 16900.5, 18349.5, 18356, 18357, 18358, 18359, 18363, 18367, and 18415.3 all decisions to modify or rescind an order pursuant to Sections 588, 14311, 16205, and 16905, all decisions to revoke or suspend a license pursuant to Sections 590, 591, 2149, 16202, 16203, 16902, 16903, 18349, and 18353, all decisions to revoke or suspend the designation of an agent pursuant to Sections 2150 and 2151, all decisions to approve resumption of business pursuant to Section 14314, and all decisions to take possession of the property and business of a licensee pursuant to Sections 592, 2149, 2150.2, 14313, 14315, 14319, 16206, 16906, 18415, and 18415.4. This public notice shall be in addition to the notice required pursuant to Section 594.(b) If the commissioner makes a determination in writing that the publication of a final order or decision referenced in subdivision (a) would seriously threaten the safety or soundness of a regulated institution subject to that order or decision, the commissioner may delay publication of the order or decision for a reasonable time.(c) If the commissioner makes a determination that the publication of a final order or decision referenced in subdivision (a) would reveal information which would identify a customer of the institution subject to the order, the commissioner may redact from the order, prior to publication, any information that, in the determination of the commissioner, would identify any customer of the subject institution.(Amended by Stats. 2018, Ch. 699, Sec. 4. (SB 1361) Effective January 1, 2019.)
CA Fin Code § 585 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 4 - Suspension or Removal of Subject Persons|Section 585.

585.  If, after notice and an opportunity to be heard, the commissioner finds that any of the factors set forth in subdivision (a), any of the factors set forth in subdivision (b), and any of the factors set forth in subdivision (c) are true with respect to a subject person of a subject institution or holding company, the commissioner may issue an order suspending or removing the subject person from the subject person’s office, if any, with the subject institution or holding company, and prohibiting the subject person from participating in any manner in the conduct of the affairs of the subject institution or holding company without the approval of the commissioner:(a) (1) That the subject person has, directly or indirectly, violated, or has caused a subject institution to violate, any provision of any:(A) Division subject to the jurisdiction of the commissioner.(B) Regulation promulgated by, or subject to the jurisdiction of, the commissioner.(C) Other applicable law.(D) Order issued by the commissioner or under the commissioner’s authority.(E) Written agreement between the subject institution, subject person, or holding company and the commissioner.(2) That the subject person has, directly or indirectly, engaged or participated in any unsafe or unsound act in connection with the business of the subject institution, holding company, or any other business institution.(3) That the subject person has, directly or indirectly, engaged or participated in any act that constitutes a breach of the subject person’s fiduciary duty.(b) That, by reason of the act, violation, or breach of fiduciary duty described in subdivision (a):(1) The subject institution, holding company, or business institution has suffered or will probably suffer financial loss or other harm.(2) The rights or interests of the customers or members of the subject institution have been or could be prejudiced.(3) The subject person has received financial gain or other benefit.(c) That the act, violation, or breach of fiduciary duty described in subdivision (a) either involves dishonesty on the part of the subject person or demonstrates the subject person’s willful or continuing disregard for the safety or soundness of the subject institution, holding company, or business institution.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 586 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 4 - Suspension or Removal of Subject Persons|Section 586.

586.  If the commissioner finds that any of the factors set forth in subdivision (a) of Section 585, any of the factors set forth in subdivision (b) of Section 585, and any of the factors set forth in subdivision (c) of Section 585 are true with respect to a subject person of a subject institution, and that it is necessary or advisable for the protection of the subject institution or holding company, or the rights or interests of the customers or members of the subject institution, the commissioner may, without any prior notice or opportunity to be heard, issue an order suspending the subject person from the subject person’s office, if any, with the subject institution or holding company, and prohibiting the subject person from participating in any manner in the conduct of the affairs of the subject institution or holding company without the prior approval of the commissioner.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 588 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 4 - Suspension or Removal of Subject Persons|Section 588.

588.  (a) Any subject institution, subject person of a subject institution, or former subject person of a subject institution to whom an order is issued under Sections 585 to 587, inclusive, may apply to the commissioner to modify or rescind the order. In deciding whether to grant or deny the application, the commissioner shall consider whether it is in the public interest to modify or rescind the order and whether it is reasonable to believe that the subject person or former subject person will, if and when he or she becomes a subject person of a subject institution or holding company, comply with all applicable provisions of law, or any regulation or order issued by the commissioner.(b) The right of any subject person or former subject person of a subject institution or holding company to whom an order is issued under Sections 585 to 587, inclusive, to petition for judicial review of the order shall not be affected by the failure of the subject institution or holding company to apply to the commissioner pursuant to subdivision (a) to modify or rescind the order.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 589 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 4 - Suspension or Removal of Subject Persons|Section 589.

589.  (a) In this section, “subject financial institution” means any:(1) Licensee or any bank or credit union that maintains an office in this state.(2) Affiliate of any of the institutions specified in paragraph (1).(3) Subsidiary of any of the institutions specified in paragraph (1).(4) Holding company of any of the institutions specified in paragraph (1).(b) It is unlawful for any subject person or former subject person of a subject financial institution to whom an order is issued under Sections 585 to 587, inclusive, willfully to do, directly or indirectly, any of the following without the approval of the commissioner, so long as the order is in effect:(1) Act as a subject person of any subject financial institution.(2) Vote any shares or other securities having voting rights for the election of any person as a director of a subject financial institution.(3) Solicit, procure, transfer or attempt to transfer, or vote any proxy, consent, or authorization with respect to any shares or other securities of a subject financial institution having voting rights.(4) Otherwise to participate in any manner in the affairs of any subject financial institution.(Amended by Stats. 2013, Ch. 334, Sec. 27. (SB 537) Effective January 1, 2014.)
CA Fin Code § 590 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 5 - Suspension or Possession of a License|Section 590.

590.  The commissioner may revoke or suspend any license issued by, or under the authority of, the commissioner, if, after notice and opportunity to be heard, the commissioner finds any of the following:(a) The licensee has violated, is violating, or that there is reasonable cause to believe that the licensee is about to violate, any provision of any of the following:(1) Any division subject to the jurisdiction of the commissioner.(2) Any regulation promulgated by, or subject to the jurisdiction of, the commissioner.(3) A provision of any other applicable law.(4) A provision of any order issued by the commissioner.(5) A provision of any written agreement between the licensee and the commissioner.(6) A condition imposed on any written approval granted by the commissioner.(b) Any fact or condition exists which, if it had existed at the time of the original application for the license, would be grounds for denying the application for the license.(c) The licensee is conducting its business in an unsafe or unsound manner.(d) The licensee is in such condition that it is unsafe or unsound for the licensee to transact appropriate licensee business.(e) The licensee has inadequate capital or net worth or is insolvent.(f) The licensee failed to pay any of its obligations as they came due or is reasonably expected to be unable to pay its obligations as they come due.(g) The licensee has applied for an adjudication of bankruptcy, reorganization, arrangement, or other relief under any bankruptcy, reorganization, insolvency, or moratorium law, or that any person has applied for any such relief under any such law against the licensee and the licensee has by any affirmative act approved of, or consented to, the action or the relief has been granted.(h) The licensee has ceased to transact the business the licensee is authorized to conduct pursuant to its license.(i) The licensee refuses to submit its books, papers, and affairs to the inspection of any examiner.(j) Any officer of the licensee refuses to be examined upon oath touching the concerns of the licensee.(k) The licensee has, with the approval of its board, requested the commissioner to take possession of its property and business.(Amended by Stats. 2013, Ch. 334, Sec. 28. (SB 537) Effective January 1, 2014.)
CA Fin Code § 591 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 5 - Suspension or Possession of a License|Section 591.

591.  If the commissioner finds that any of the factors set forth in Section 590 is true with respect to any licensee and that it is necessary for the protection of the public interest, the commissioner may issue an order immediately suspending or revoking the licensee’s license.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 592 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 5 - Suspension or Possession of a License|Section 592.

592.  If the commissioner finds that any of the factors set forth in subdivisions (a) to (k), inclusive, is true with respect to a licensee, the commissioner may by order, without any prior notice or opportunity to be heard, take possession of the property and business of the licensee:(a) The licensee has violated any provision of (1) any division subject to the jurisdiction of the commissioner, (2) any regulation promulgated by, or subject to the jurisdiction of, the commissioner, (3) any provision of any other applicable law, (4) any provision of any order issued by the commissioner, (5) any provision of any written agreement made between the commissioner and the licensee, or (6) a condition imposed on any written approval granted by the commissioner.(b) The licensee is conducting its business in an unsafe or unsound manner.(c) The licensee is in such condition that it is unsafe or unsound for the licensee to transact appropriate licensee business.(d) The licensee has inadequate capital or net worth or is insolvent.(e) If the licensee is a bank, the tangible shareholders’ equity of the bank is less than the following:(1) If the bank is a commercial bank or industrial bank, the greater of three percent of the bank’s total assets or one million dollars ($1,000,000).(2) If the bank is a trust company other than a commercial bank authorized to engage in trust business, one million dollars ($1,000,000).(f) The licensee failed to pay any of its obligations as they came due or is reasonably expected to be unable to pay its obligations as they come due.(g) The licensee has applied for an adjudication of bankruptcy, reorganization, arrangement, or other relief under any bankruptcy, reorganization, insolvency, or moratorium law, or that any person has applied for any such relief under any such law against the licensee and the licensee has by any affirmative act approved of or consented to the action or the relief has been granted.(h) The licensee has ceased to transact the business the licensee is authorized to conduct pursuant to its license.(i) The licensee refuses to submit its books, papers, and affairs to the inspection of any examiner.(j) Any officer of the licensee refuses to be examined upon oath touching the concerns of the licensee.(k) The licensee has, with the approval of its board, requested the commissioner to take possession of its property and business.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 593 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 5 - Suspension or Possession of a License|Section 593.

593.  (a) If the commissioner takes possession of the property and business of a licensee pursuant to Section 592, the licensee may, within 10 days, apply to the superior court in the county where its head office is located to enjoin further proceedings. The court may, after citing the commissioner to show cause why further proceedings should not be enjoined and after a hearing, dismiss the application or enjoin the commissioner from further proceedings and order the commissioner to surrender the property and business of the licensee to the licensee or make any further order as may be just. The judgment of the court may be appealed by the commissioner or by the licensee as allowed by law.(b) At any time after the commissioner takes possession of the property and business of a licensee pursuant to Section 592, the licensee may, with the approval of the commissioner, resume business upon conditions as the commissioner may prescribe.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 594 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 5 - Suspension or Possession of a License|Section 594.

594.  (a) Upon taking possession of the property and business of any licensee, the commissioner shall give notice of that fact to all persons holding or having in their possession any assets of the licensee. No person knowing of the taking, or who has been notified thereof, shall have a lien or charge upon any assets of the licensee for any payment, advance, or clearance thereafter made or for any liability thereafter incurred.(b) The giving of notice in accordance with this section shall not be deemed to be a prerequisite to the taking of possession of the property and business of the licensee.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 595 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 6 - Enforcement|ARTICLE 5 - Suspension or Possession of a License|Section 595.

595.  The commissioner is deemed to take possession of the entire property and business of a licensee when the commissioner takes possession of the business and property of the head office of the licensee.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 600 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 1 - General Provisions|Section 600.

600.  In this chapter, “Federal Insurance Agency” means the Federal Deposit Insurance Corporation or the National Credit Union Administration, as appropriate, or their respective successors-in-interest.(Amended by Stats. 2013, Ch. 334, Sec. 29. (SB 537) Effective January 1, 2014.)
CA Fin Code § 601 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 1 - General Provisions|Section 601.

601.  Upon taking possession of the property and business of any licensee, the commissioner has authority, and it is his or her duty, to collect all moneys due to the licensee and to do other acts as are necessary or expedient to collect, conserve, or protect the licensee’s assets, property, and business, and he or she shall proceed to conserve or liquidate the affairs of the licensee as provided in this article.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 602 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 1 - General Provisions|Section 602.

602.  No attachment shall be issued against the property of any licensee subject to conservation or liquidation pursuant to this article.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 603 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 1 - General Provisions|Section 603.

603.  Upon taking possession of the property and business of any licensee pursuant to Section 592, the commissioner may proceed to liquidate or conserve the licensee in the manner provided by this article.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 604 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 1 - General Provisions|Section 604.

604.  Upon taking possession of the property and business of a licensee pursuant to Section 592, the commissioner may tender to any person or persons an appointment as conservator, liquidator, receiver, or liquidating committee of the licensee.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 605 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 1 - General Provisions|Section 605.

605.  The commissioner shall supervise the acts of the conservator, liquidator, receiver, or liquidating committee appointed under this article and may remove the conservator, liquidator, receiver, or any or all members of the liquidating committee in his or her discretion.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 606 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 1 - General Provisions|Section 606.

606.  If required by the commissioner, the conservator, liquidator, receiver, or members of the liquidating committee appointed under this article shall provide proof of bond coverage that extends to the conservator, liquidator, receiver, or members of the liquidating committee. The bond shall include fraud, dishonesty, and faithful performance coverage. The premium for that bond shall be paid out of the assets of the licensee.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)