reglab/housing_qa huggingface dataset:
CA Fin Code § 7050 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 11 - Interest|Section 7050.

7050.  An association may issue savings accounts earning interest at different rates of return. The annual rate of return paid on a savings account may either be fixed at the time the account is issued or may vary on any basis specified at the time the account is accepted.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 7051 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 11 - Interest|Section 7051.

7051.  An association may classify its savings accounts on any basis including, but not limited to, character, amount, or duration of the account, regularity of additions, or location of origin of the account.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 7052 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 11 - Interest|Section 7052.

7052.  Except for accounts that are classified according to a specified contractual time or notice period, interest shall be based on the withdrawal value of each savings account at the beginning of the accounting period, plus additions made during the period (less amounts previously withdrawn and noticed for withdrawal, which for interest purposes shall be deducted from the latest previous additions) computed at the rate for the time the funds have been invested, determined as provided in Section 7053.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 7053 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 11 - Interest|Section 7053.

7053.  (a) The date of investment in a savings account shall be the date of actual receipt by the association of the account or an addition to the account, except that if the association shall so determine, accounts in one or more classifications or additions received by the association on or before a date not later than the 20th day of the month (unless the day determined is not a business day, in which case it may be the next succeeding business day) shall receive interest as if invested on the first day of the month in which the payments were received.(b) If the association makes a determination under subdivision (a) it also shall determine that payments received subsequent to that determination date shall either receive interest as if invested on the first day of the next succeeding month, or receive interest from the date of actual receipt by the association, except as provided by Section 866.3.(Amended by Stats. 1985, Ch. 983, Sec. 11. Effective September 26, 1985.)
CA Fin Code § 7054 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 11 - Interest|Section 7054.

7054.  The board of directors, by resolution, may determine any of the following:(a) That interest shall not be paid on designated types of savings accounts from which withdrawals may be made upon demand or by negotiable and transferable order or authorization.(b) That an association may establish minimum balance requirements for savings accounts to be eligible for distribution of interest.(c) That, subject to applicable maximum regulatory limitations, an association may pay interest on a savings account at a rate or anticipated rate of return determined at the time that the account is accepted.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 7055 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 11 - Interest|Section 7055.

7055.  The directors shall determine the method of calculating the amount of any interest on any savings account classification as provided in this article and the time or times when the interest is to be paid or credited.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 7100 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 12 - Withdrawals|Section 7100.

7100.  (a) Notwithstanding any other provision of law, but subject to subdivision (b), an association may permit the owner of a deposit or account to make withdrawals by negotiable or transferable instruments for the purpose of making transfers to third parties.(b) With respect to deposits or accounts on which interest or dividends are paid, subdivision (a) shall apply only to the deposits or accounts which consist solely of funds in which the entire beneficial interest is held by one or more individuals or by an organization which is operated primarily for religious, philanthropic, charitable, educational, political, or other similar purposes and which is not operated for profit.(c) Notwithstanding any other provision of law, an association may provide for the automatic transfer of funds services at the direction of an account holder.(Amended by Stats. 1988, Ch. 718, Sec. 12.)
CA Fin Code § 7150 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 13 - Redemption|Section 7150.

7150.  At any time funds are on hand for the purpose, an association shall have the right to redeem by lot or otherwise, as the board of directors may determine, all or any part of any of its savings accounts on an interest date by giving 30 days’ notice by registered mail addressed to each affected account holder at the holder’s last address as recorded on the books of the association.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 7151 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 13 - Redemption|Section 7151.

7151.  Except with the prior consent of the commissioner, no association shall redeem any of its savings accounts when the association is in an impaired condition and when it has applications for withdrawal that have been on file more than 14 days and have not been reached for payment.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 7152 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 13 - Redemption|Section 7152.

7152.  The redemption price of savings accounts redeemed shall be the full value of the account redeemed, as determined by the board of directors, but in no event shall the redemption price be less than the withdrawal value.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 7153 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 13 - Redemption|Section 7153.

7153.  If the notice of redemption under Section 7150 has been given, and if on or before the redemption date the funds necessary for the redemption have been set aside and continue to be available for the redemption, interest upon the accounts called for redemption shall cease to accrue from and after the interest date specified as the redemption date and all rights with respect to those accounts shall terminate after the redemption date, except only as to any right of the account holder of record to receive the redemption price without interest.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 7154 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 5 - Savings Operations|ARTICLE 13 - Redemption|Section 7154.

7154.  (a) All certificates of ownership evidencing former savings accounts that have been called for redemption must be tendered for payment within the time limit specified in subdivision (b) of Section 1513 of the Code of Civil Procedure for escheat of unclaimed funds.(b) Savings accounts that are not tendered for payment as set forth in this section shall escheat to the state as provided in the Unclaimed Property Law, Chapter 7 (commencing with Section 1500) of Title 10 of Part 3 of the Code of Civil Procedure.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 7200 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 1 - Required Liquidity|Section 7200.

7200.  No association shall invest in any security under this chapter, other than in liquid assets, or in any loan at any time if the association fails to meet the minimum liquidity requirements prescribed by Section 566.2 of Title 12 of the Code of Federal Regulations, unless the commissioner has issued prior written approval. “Liquid assets,” as used in this section, has the same meaning as defined by the regulations codified in Section 566.1 of Title 12 of the Code of Federal Regulations.(Amended by Stats. 1990, Ch. 1118, Sec. 37.8.)
CA Fin Code § 7250.5 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2 - Investment in Securities|Section 7250.5.

7250.5.  No savings association may directly or indirectly acquire or retain any corporate debt security unless the corporate debt security is rated in one of the four highest rating categories by at least one nationally recognized rating service.(Added by Stats. 1990, Ch. 1118, Sec. 39.)
CA Fin Code § 7251 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2 - Investment in Securities|Section 7251.

7251.  An association holding investments which have been approved by the commissioner shall not be required to dispose of them or to establish a reserve account if later the commissioner rescinds approval of the investments.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 7252 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2 - Investment in Securities|Section 7252.

7252.  (a) Notwithstanding any other provisions of this chapter, an association may, subject to regulations of the commissioner, invest in the capital stock, obligations, or other securities of service corporations.(b) The total of all investments under this section shall not exceed 10 percent of the total assets of the savings association.(c) A service corporation in which a savings association may invest shall only engage in those activities reasonably related to the activities of savings associations as the commissioner may approve.(d) An association may make an investment under this section notwithstanding that the service corporation in which investment is authorized has invested in any other corporation (1) that is not incorporated in this state, or (2) that has stock available for purchase by persons other than associations.(Amended by Stats. 1990, Ch. 1118, Sec. 40.)
CA Fin Code § 7260 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2.5 - Other Authorized Investments in Bonds and Securities|Section 7260.

7260.  Stock of a Federal Reserve bank.(Added by Stats. 1988, Ch. 718, Sec. 14.)
CA Fin Code § 7261 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2.5 - Other Authorized Investments in Bonds and Securities|Section 7261.

7261.  Bonds of the State of California and those for which the faith and credit of the State of California are pledged for the payment of principal and interest, and registered warrants of the State of California.(Added by Stats. 1988, Ch. 718, Sec. 14.)
CA Fin Code § 7262 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2.5 - Other Authorized Investments in Bonds and Securities|Section 7262.

7262.  Bonds of any flood control and water conservation districts, or any zone thereof, having an assessed valuation on taxable real property of not less than one million dollars ($1,000,000), county, city and county, city, metropolitan water district, municipal utility district, any special district established by and within any municipal utility district, transit district, rapid transit district, including sales tax revenue bonds of that district of the State of California (herein referred to generally as public corporations) except the bonds of any particular such public corporation which may be declared ineligible for investment by commercial banks by regulations of the commissioner.(Amended by Stats. 1996, Ch. 1064, Sec. 553. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 7263 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2.5 - Other Authorized Investments in Bonds and Securities|Section 7263.

7263.  Bonds of any other political subdivision, public corporation, or district of the State of California (herein referred to generally as public corporations) having the power, without limit as to rate or amount, to levy taxes to pay the principal and interest of those bonds upon all property within its boundaries subject to taxation by the public corporation, if the net direct debt of that public corporation together with its net overlapping debt does not exceed 25 percent of the assessed valuation of the taxable property within its boundaries according to the last official equalized county assessment roll.(Amended by Stats. 2006, Ch. 538, Sec. 166. Effective January 1, 2007.)
CA Fin Code § 7265 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2.5 - Other Authorized Investments in Bonds and Securities|Section 7265.

7265.  Bonds of any irrigation district, water, storage district, water conservation district, county water district, reclamation district, drainage district, and any district the primary function of which is the irrigation, reclamation, or drainage of land within its boundaries, located in California, other than bonds referred to in Section 7262, subject to any of the following:(a) The bonds qualify under Section 7263.(b) The bonds have been certified as legal securities pursuant to Chapter 1 (commencing with Section 20000) of Division 10 of the Water Code and the certification remains unrevoked.(c) The total outstanding bonded indebtedness of the district, including bonds authorized, but not issued, but excluding bonds payable solely from revenues and not directly or indirectly from assessments, does not exceed 50 percent of the aggregate of the assessed value of the lands, exclusive of improvements, subject to assessment by the district, and the value of the property owned by the district or to be acquired or constructed with the proceeds of the bonds under consideration.(Added by Stats. 1988, Ch. 718, Sec. 14.)
CA Fin Code § 7266 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2.5 - Other Authorized Investments in Bonds and Securities|Section 7266.

7266.  Bonds, consolidated bonds, collateral trust debentures, consolidated debentures, or other obligations issued by federal land banks or federal intermediate credit banks established under the Federal Farm Loan Act, as amended, the Farm Credit Act of 1971, in debentures and consolidated debentures issued by the Central Bank for Cooperatives and banks for cooperatives established under the Farm Credit Act of 1933, as amended, and the Farm Credit Act of 1971, and in stocks, bonds, debentures, participations, and other obligations of, or issued by, the Federal National Mortgage Association, the Student Loan Marketing Association, the Government National Mortgage Association, and the Federal Home Loan Mortgage Corporation.(Amended by Stats. 1990, Ch. 1118, Sec. 40.5.)
CA Fin Code § 7267 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2.5 - Other Authorized Investments in Bonds and Securities|Section 7267.

7267.  Bonds, notes, or other obligations issued by the Federal Financing Bank, the United State Postal Service, or issued or assumed by the International Bank for Reconstruction and Development, the Tennessee Valley Authority, the Inter-American Development Bank, the Government Development Bank for Puerto Rico, the Asian Development Bank, or the African Development Bank.(Added by Stats. 1988, Ch. 718, Sec. 14.)
CA Fin Code § 7268 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2.5 - Other Authorized Investments in Bonds and Securities|Section 7268.

7268.  (a) Notes with a maturity not exceeding 15 months after the date of issue, issued in anticipation of uncollected taxes, income, revenue, cash receipts, and other moneys of the State of California or any city, county, city and county, or school district, therefore, provided the notes and warrants and the interest thereon shall be a first lien and charge against, and shall be payable from, the first moneys received by the local agency from the pledged moneys, provided the total amount of the notes issued at any one time or during any specified period does not exceed 85 percent of the receipts or revenues.(b) Grant anticipation notes issued by the agencies and payable not later than 36 months after the date of issue, provided that the total amount of the notes and interest payable thereon issued at any one time or during any specified period does not exceed 80 percent of the grant funds stated in writing by the granting authority as committed, appropriated and shall be paid on a specified date or dates within a 36-month period from the dating of the notes.(Added by Stats. 1988, Ch. 718, Sec. 14.)
CA Fin Code § 7270 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2.5 - Other Authorized Investments in Bonds and Securities|Section 7270.

7270.  Bonds of any local public housing agency (as defined in the United States Housing Act of 1937, as amended) as are secured either, (a) by an agreement between the public housing agency and the Public Housing Administration in which the public housing agency agrees to borrow from the Public Housing Administration, and the Public Housing Administration agrees to lend to the public housing agency, prior to the maturity of those obligations (which obligations shall have a maturity of not more than 18 months), moneys in an amount which (together with any other moneys irrevocably committed to the payment of interest on the obligations) will suffice to pay the principal of those obligations with interest to maturity thereon, which moneys under the terms of that agreement are required to be used for the purpose of paying the principal of, and the interest on, those obligations at their maturity, or (b) by a pledge of annual contributions under an annual contributions contract between the public housing agency and the Public Housing Administration if the contract shall contain the covenant by the Public Housing Administration which is authorized by subsection (b) of Section 22 of the United States Housing Act of 1937, as amended, and if the maximum sum and the maximum period specified in the contract pursuant to subsection (b) of Section 22 of the United States Housing Act of 1937 shall not be less than the annual amount and the period for payment which are requisite to provide for the payment when due of all installments of principal and interest on those obligations.(Added by Stats. 1988, Ch. 718, Sec. 14.)
CA Fin Code § 7271 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2.5 - Other Authorized Investments in Bonds and Securities|Section 7271.

7271.  Bonds secured by an insurance commitment of the Federal Housing Administration.(Added by Stats. 1988, Ch. 718, Sec. 14.)
CA Fin Code § 7275 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 2.5 - Other Authorized Investments in Bonds and Securities|Section 7275.

7275.  As used in this article, “funded debt” means all interest-bearing indebtedness of a corporation not maturing within one year of the date it was incurred.(Added by Stats. 1988, Ch. 718, Sec. 14.)
CA Fin Code § 7300 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 3 - Investment in Business Property|Section 7300.

7300.  (a) Each association shall have power to invest in real property, tangible personal property and interests in real property for the conduct of the business of the association, or its service corporation, which power shall include the ownership of stock of a wholly owned subsidiary corporation having as its exclusive activity the ownership and management of the property or interests.(b) As used in this section, the term “real property” includes structures or buildings located on land owned in fee or held under a lease or sublease by the association with an unexpired term, including extensions or renewals that are automatically effective or may be exercised at the association’s option, of 25 years at the date of execution by the association of the lease or sublease.(c) No association may without written approval of the commissioner purchase, sell, or pay interest on or dividends involving, gold or silver bullion or related instruments or securities except gold coins minted and issued by the United States Treasury pursuant to Public Law 99-185, 99 Stat. 1177 (1985).(Amended by Stats. 1987, Ch. 1162, Sec. 12. Effective September 26, 1987.)
CA Fin Code § 7450 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 5 - Investment in Loans|Section 7450.

7450.  (a) An association may make any loan authorized by this division, but the association shall first determine that the type, amount, purpose, and repayment provisions of the loan in relation to the borrower’s resources and credit standing support the reasonable belief that the loan will be financially sound and will be repaid according to its terms, and that the loan is not otherwise unlawful.(b) Subject to any regulations of the commissioner, an association may make or acquire loans directly or indirectly to or from any director, officer, affiliated person, or any parent or subsidiary. Loans made or acquired, directly or indirectly, the proceeds of which are intended to inure or have inured to the benefit of these parties are subject to the same regulations.(Amended by Stats. 1987, Ch. 1162, Sec. 13. Effective September 26, 1987.)
CA Fin Code § 7450.2 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 6 - Investment Operations|ARTICLE 5 - Investment in Loans|Section 7450.2.

7450.2.  Except with the prior written consent of the commissioner, no association shall knowingly make:(a) Any loan to any corporation of which 10 percent or more of the stock is owned or controlled individually or collectively by any one or more of the directors, officers, employees, or substantial stockholders of the association.As used in this subdivision, “substantial stockholder” means a person who has a real or beneficial ownership of more than 10 percent of the outstanding stock of the association. For this purpose, stock owned by the person’s immediate family shall be deemed owned by that person.(b) Any loan the proceeds of which are intended to inure to the benefit of any corporation specified in subdivision (a).(Added by Stats. 1986, Ch. 1158, Sec. 6. Effective September 26, 1986.)