reglab/housing_qa huggingface dataset:
CA Fin Code § 8155 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 4 - Reports and Examinations|Section 8155.

8155.  (a) The commissioner is authorized in connection with any examination or audit of any association or any subsidiary to cause to be made appraisals of real estate or other property held by it or securing its assets.(b) Unless otherwise ordered by the commissioner, appraisal of real estate or other property in connection with any examination or audit pursuant to this article shall be made by a department appraiser or by an independent professional appraiser employed or selected by the commissioner, and the cost of the appraisal promptly shall be paid by the association or subsidiary to the commissioner or directly to the appraiser upon receipt by it of a statement of cost bearing the written approval of the commissioner.(c) A copy of the report of each appraisal caused to be made by the commissioner pursuant to this section shall be furnished to the association or subsidiary within a reasonable time, not to exceed 60 days, following the completion of the appraisals.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 8156 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 4 - Reports and Examinations|Section 8156.

8156.  (a) Each association shall at least annually cause its books and accounts to be audited at its own expense by a certified public accountant or firm of certified public accountants selected by the association and approved by the commissioner.(b) The annual audit date and audit period shall be approved in writing by the commissioner prior to commencement of the audit.(c) Each savings association which engages certified public accountant services for any audit shall transmit to the accountant or accountants copies of the most recent report of condition made by the association pursuant to state or federal law and a copy of the most recent report of examination received by the savings association.(d) In addition to the copies of the reports required to be provided pursuant to subdivision (c), each savings association shall provide the auditing accountant or accountants with all of the following:(1) A copy of any supervisory memorandum of understanding with the association and any written agreement between the association and any federal financial regulatory agency or the commissioner which is in effect during the period covered by the audit.(2) A report of any action initiated or taken pursuant to subdivisions (a), (b), (c), (e), (g), (i), or (s) of Section 8 of the Federal Deposit Insurance Act (12 U.S.C. 1818), and a report of any action taken by the commissioner pursuant to Section 8200 or 8201, or any other civil monetary penalty assessed under any provision of law with respect to the savings association or any institution-affiliated party.(Amended by Stats. 1990, Ch. 1118, Sec. 47.)
CA Fin Code § 8157 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 4 - Reports and Examinations|Section 8157.

8157.  (a) The commissioner may prescribe the scope of the annual audit and may require the auditor to furnish information in addition to that contained in the audit report.(b) Each association shall furnish the commissioner annually, within 90 days after the end of the period covered by the audit, five copies of the financial statements, which shall be accompanied by a report signed by the auditor, prepared and containing the information prescribed in regulations of the commissioner. The financial statements shall be certified by the auditor.(Amended by Stats. 1986, Ch. 361, Sec. 13.5.)
CA Fin Code § 8158 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 4 - Reports and Examinations|Section 8158.

8158.  (a) The commissioner, or any department employee authorized by the commissioner, shall have free access to all books and records of an association, savings and loan holding company, and any of their subsidiaries that relate to the business of the association, holding company, or subsidiary, and to the books and records kept by any officer, agent, or employee that relate to the business of the association, holding company, or subsidiary.(b) The commissioner, or any department employee authorized by the commissioner, may summon witnesses and administer oaths or affirmations in the examination of the directors, officers, agents, or employees of any association, savings and loan holding company, any of their subsidiaries, or any other person, in relation to their affairs, transactions, and conditions, and may require and compel the production of records, books, papers, contracts, or other documents by court order, if not voluntarily produced.(c) This section applies to all parties designated in subdivisions (a) and (b) when an association is placed in conservatorship or receivership.(Amended by Stats. 1987, Ch. 730, Sec. 19.)
CA Fin Code § 8159 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 4 - Reports and Examinations|Section 8159.

8159.  For each department examination or appraisal made outside this state, a reasonable fee and the actual traveling expenses incurred shall be paid to the department by the association, savings and loan holding company, or subsidiary so examined.(Amended by Stats. 1988, Ch. 718, Sec. 19.)
CA Fin Code § 8160 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 4 - Reports and Examinations|Section 8160.

8160.  If an association, savings and loan holding company, or any subsidiary of an association or savings and loan holding company fails to report to the commissioner as required by this article, the commissioner may impose penalties in accordance with the following:(a) Any association, savings and loan holding company, or any subsidiary of an association or savings and loan holding company which (1) maintains procedures reasonably adapted to avoid any inadvertent error and, unintentionally and as a result of such an error (A) fails to make, obtain, transmit, or publish any report or information required by the commissioner by the due date set forth in this article or, if no due date is set forth in this article, the date specified by the commissioner, or (B) submits or publishes any false or misleading report or information or (2) inadvertently transmits or publishes any report which is minimally late, shall be subject to a civil penalty of not more than two thousand dollars ($2,000) for each day during which the failure continues or the false or misleading information is not corrected. The association, savings and loan holding company, or subsidiary of an association or savings and loan holding company shall have the burden of proving that an error was inadvertent and that a report was inadvertently transmitted or published late.(b) Any association, savings and loan holding company, or any subsidiary of an association or savings and loan holding company which (1) fails to make, obtain, transmit, or publish any report or information required by the commissioner by the due date set forth in this article or, if no due date is set forth in this article, the date specified by the commissioner or (2) submits or publishes any false or misleading report or information, in a manner not described in subdivision (a) shall be subject to a civil penalty of not more than twenty thousand dollars ($20,000) for each day during which the failure continues or the false and misleading information is not corrected.(c) Any association, savings and loan holding company, or any subsidiary of an association or savings and loan holding company which knowingly or with reckless disregard for the accuracy of any information or report subject to this section submits or publishes any false or misleading report or information, shall be subject to a civil penalty of not more than one million dollars ($1,000,000) or 1 percent of total assets of the savings institution, whichever is less, per day for each day during which the false or misleading information is not corrected. (d) Any penalty imposed under subdivisions (a), (b), or (c) shall be assessed and collected by the commissioner in the same manner as provided in Section 5330.(Repealed and added by Stats. 1990, Ch. 1118, Sec. 49.)
CA Fin Code § 8202 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 5 - Enforcement|Section 8202.

8202.  (a) The commissioner shall publish and make the following available to the public:(1) Any final order issued with respect to any administrative enforcement proceeding initiated by the commissioner pursuant to this division or any other provision of law.(2) Any modification to, or termination of, any final order specified in paragraph (1).(b) If the commissioner makes a determination in writing that the publication of any final order pursuant to subdivision (a) would seriously threaten the safety or soundness of a savings association, the commissioner may delay the publication of the order for a reasonable time.(Added by Stats. 1990, Ch. 1118, Sec. 54.)
CA Fin Code § 8225 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 6 - Conservatorship|Section 8225.

8225.  (a) Whenever the commissioner deems it necessary in order to conserve the assets of any association for the benefit of the depositors and other creditors, or if the commissioner finds any of the following with respect to any association: (1) the association is in an impaired condition; (2) the association is engaging in practices that threaten to result in an impaired condition; (3) the association has substantially dissipated its assets due to violation of law or regulation or to unsafe or unsound practice; (4) the association is in an unsafe or unsound condition to transact business; (5) the association is in violation of an order or injunction, as authorized by this division; or (6) the association refuses to submit its books, papers, and affairs to the inspection of the commissioner, the commissioner may, ex parte and without notice, appoint a conservator for the association.(b) The conservator may be the commissioner, deputy commissioner or any other person.(c) The conservator shall, upon appointment, immediately take possession of the books, records, and assets of every description of the association and shall take any further action as he or she may deem necessary to conserve the assets of the association pending further disposition of its business.(d) Within six months of the date of appointment of the conservator, or within 12 months if the commissioner extends the six months’ period, the association shall be returned to its board of directors to be managed and operated as if no conservator had been appointed, or a receiver shall be appointed as provided in Section 8250.(e) If the commissioner or a department employee is appointed conservator no additional compensation shall be paid, but if another person is appointed then the compensation of the conservator, as determined by the commissioner, shall be paid by the association.(f) Any expenses of such conservatorship shall be paid out of the assets of the association and shall be a lien against association assets prior to any other lien.(Amended by Stats. 1989, Ch. 11, Sec. 1. Effective April 14, 1989.)
CA Fin Code § 8226 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 6 - Conservatorship|Section 8226.

8226.  Any conservator shall have all the rights, powers, and privileges possessed by the officers, directors, members and stockholders of the association.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 8227 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 6 - Conservatorship|Section 8227.

8227.  Except as authorized by the commissioner, the conservator shall not retain special counsel or other experts, incur any expense other than normal operating expenses, or liquidate assets except in the ordinary course of operations.(Amended by Stats. 1984, Ch. 868, Sec. 17.5.)
CA Fin Code § 8228 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 6 - Conservatorship|Section 8228.

8228.  The directors and officers shall remain in office and the employees shall remain in their respective positions, but the conservator may remove any director, officer, or employee, provided the order of removal of a director or officer shall be approved in writing by the commissioner.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 8229 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 6 - Conservatorship|Section 8229.

8229.  (a) While the association is in the charge of a conservator, savings account holders, borrowers, and other obligors of the association shall continue to make payments to the association in accordance with the terms and conditions of their contracts, and the conservator may permit savings account holders to withdraw their accounts from the association pursuant to the provisions of this division but shall not declare, credit, or distribute interest for savings accounts without prior approval of the commissioner.(b) The conservator shall have power to accept savings accounts and additions to savings accounts, but any amounts received by the conservator may be segregated if the commissioner shall so order in writing. If so ordered, these amounts shall not be subject to offset and shall not be used to liquidate any indebtedness of the association existing at the time the conservator was appointed for it or any subsequent indebtedness incurred for the purposes of liquidating the indebtedness of the association existing at the time the conservator was appointed. (c) All expenses of the association during conservatorship shall be paid by the association.(Amended by Stats. 1984, Ch. 868, Sec. 17.7.)
CA Fin Code § 8230 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 6 - Conservatorship|Section 8230.

8230.  Whenever a conservator has taken possession of the property and business of any association pursuant to this article, that association, within 10 days after the taking, if it deems itself aggrieved thereby, may apply to the superior court in the county in which the home office of the association is located to enjoin further proceedings. The court, after citing the commissioner to show cause why further proceedings should not be enjoined and after hearing and determination of the facts, may dismiss the application or enjoin the commissioner from further proceedings and direct the commissioner to surrender the property and business to that association.(Added by Stats. 1988, Ch. 718, Sec. 21.5.)
CA Fin Code § 8250 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 7 - Receivership|Section 8250.

8250.  (a) If the commissioner finds that any association (1) is in an impaired condition, (2) is engaging in practices that threaten to result in an impaired condition, or (3) is in violation of an order or injunction issued pursuant to this division, the commissioner may appoint a receiver for the association.(b) The receiver may be the commissioner, deputy commissioner or any other person.(c)  The receiver shall, upon appointment, immediately take possession of the books, records, and assets of every description of the association.(Amended by Stats. 1988, Ch. 718, Sec. 22.)
CA Fin Code § 8251 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 7 - Receivership|Section 8251.

8251.  (a) In the case of an insured association, the appointment by the commissioner of a receiver under this article shall constitute an official determination of a public authority of this state pursuant to which a receiver is appointed for the purpose of liquidation as contemplated by and within the meaning of subdivision (d) of Section 401 of the National Housing Act of 1934 (12 U.S.C. Sec. 1701 et seq.), as amended.(b) A receiver shall have all the powers and authority of a conservator plus the power to liquidate, and shall have any other powers and authority that are expressed in an order of a court.(Amended by Stats. 1988, Ch. 718, Sec. 23.)
CA Fin Code § 8252 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 7 - Receivership|Section 8252.

8252.  If the commissioner or a department employee is appointed receiver, no additional compensation shall be paid, but if another person is appointed, then the compensation of the receiver, as determined by the court, shall be paid from the assets of the association.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 8253 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 7 - Receivership|Section 8253.

8253.  If the association is an institution insured by the Federal Deposit Insurance Corporation, the Federal Deposit Insurance Corporation shall be tendered appointment as receiver or coreceiver. If it accepts the appointment, it may, nevertheless, make loans on the security of or purchase at public or private sale any part or all of the assets of the association of which it is receiver or coreceiver, provided the loan or purchase is approved by the court.(Amended by Stats. 1990, Ch. 1118, Sec. 55.)
CA Fin Code § 8254 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 7 - Supervision|ARTICLE 7 - Receivership|Section 8254.

8254.  Whenever a receiver has taken possession of the property and business of any association pursuant to this article, that association, within 10 days after the taking, if it deems itself aggrieved thereby, may apply to the superior court in the county in which the home office of the association is located to enjoin further proceedings. The court, after citing the commissioner to show cause why further proceedings should not be enjoined and after hearing and determination of the facts, may dismiss the application or enjoin the commissioner from further proceedings and direct the commissioner to surrender the property and business to that association.(Added by Stats. 1988, Ch. 718, Sec. 24.)
CA Fin Code § 14000 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Definitions|Section 14000.

14000.  This division shall be known as the “California Credit Union Law.”(Repealed and added by Stats. 1979, Ch. 112.)
CA Fin Code § 14001 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Definitions|Section 14001.

14001.  The definitions given in this division govern the construction of this division unless the context otherwise requires.(Repealed and added by Stats. 1979, Ch. 112.)
CA Fin Code § 14001.1 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Definitions|Section 14001.1.

14001.1.  This division is applicable to any person, other than a federal credit union engaging in the business of a credit union in this state. For purposes of this division, “person” shall have the meaning set forth in Section 5065 of the Corporations Code.(Added by Stats. 2002, Ch. 734, Sec. 3. Effective September 20, 2002.)
CA Fin Code § 14001.5 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Definitions|Section 14001.5.

14001.5.  If and to the extent that any provision of this division is preempted by federal law, the provision shall not apply and shall not be enforced.(Added by Stats. 2002, Ch. 734, Sec. 4. Effective September 20, 2002.)
CA Fin Code § 14002 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Definitions|Section 14002.

14002.  A credit union is a cooperative, organized for the purposes of promoting thrift and savings among its members, creating a source of credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, a credit union conducts its business for the mutual benefit and general welfare of its members with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.(Amended by Stats. 1984, Ch. 209, Sec. 1.)
CA Fin Code § 14002.5 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Definitions|Section 14002.5.

14002.5.  (a) Except as provided in subdivision (b), all provisions of law applicable to nonprofit mutual benefit corporations generally (including, but not limited to, the Nonprofit Mutual Benefit Corporation Law (Part 3 (commencing with Section 7110) of Division 2 of Title 1 of the Corporations Code)) shall apply to credit unions. However, whenever any provision of this division applicable to credit unions is inconsistent with any provision of law applicable to nonprofit mutual benefit corporations generally, the provision of this division shall apply and the inconsistent provision of law applicable to nonprofit mutual benefit corporations generally shall not apply to a credit union.(b) Notwithstanding the provisions of subdivision (a), the following provisions of the Corporations Code are not applicable to credit unions:(1) Section 7131.(2) Subdivision (a) of Section 7132.(3) Section 7142.(4) Subdivision (c) of Section 7223.(5) Subdivision (c) of Section 7225.(6) Article 4 (commencing with Section 7240) of Chapter 2 of Part 3 of Title 1.(7) Chapter 11 (commencing with Section 8110) of Part 3 of Division 2 of Title 1.(8) Chapter 16 (commencing with Section 8610) of Part 3 of Division 2 of Title 1.(9) Chapter 17 (commencing with Section 8710) of Part 3 of Division 2 of Title 1.(Added by Stats. 2002, Ch. 734, Sec. 5. Effective September 20, 2002.)
CA Fin Code § 14003 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Definitions|Section 14003.

14003.  “Commissioner” means the Commissioner of Business Oversight.(Amended by Stats. 2013, Ch. 353, Sec. 60. (SB 820) Effective September 26, 2013. Operative July 1, 2013, by Sec. 129 of Ch. 353.)
CA Fin Code § 14004 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Definitions|Section 14004.

14004.  “Impaired capital” means that the losses or projected losses of a credit union are such that the book value of a member’s share is reduced below 100 percent of the monetary amount of that share when initially purchased plus any accumulated dividends.(Added by Stats. 1982, Ch. 716, Sec. 1.)
CA Fin Code § 14005 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Definitions|Section 14005.

14005.  Unless otherwise defined in this division, “insolvent” means a credit union has ceased to pay its debts in the ordinary course of business, or cannot pay its debts as they become due, or is insolvent within the meaning of the federal bankruptcy law.(Added by Stats. 1982, Ch. 716, Sec. 2.)