reglab/statecodes huggingface dataset:
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 6 - Investments-Service Corporations and Business Development Credit Corporations › Section 103.602 - Activities

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A service corporation may engage in any activity which is
					 approved by the commissioner.
1. Change
					 without regulatory effect renumbering former Section
					 230.2 to Section
					 103.602 (Register 87, No. 14). For
					 prior history, see Register 82, No. 52.
Note: Authority cited: Sections
						5255 and
						6702.1,
						Financial Code. Reference: Section
						6702.1,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 6 - Investments-Service Corporations and Business Development Credit Corporations › Section 103.603 - Debts of Service Corporations

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Except with the prior written consent of the commissioner,
					 no association shall guarantee or in any way be liable for any debts or
					 obligations of any service corporation.
1. Change
					 without regulatory effect renumbering former Section
					 230.4 to Section
					 103.603 (Register 87, No. 14). For
					 prior history, see Register 82, No. 52.
Note: Authority cited: Sections
						5255 and
						6702.1,
						Financial Code. Reference: Section
						6702.1,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 6 - Investments-Service Corporations and Business Development Credit Corporations › Section 103.604 - Restricted Transactions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
All service corporations shall comply with Sections
					 7177-7183 of the law when making
					 or acquiring loans directly or indirectly to or from any stockholder, officer,
					 director or employee of any association or associations which are stockholders
					 of the service corporation, or to any member of the immediate family of any
					 such person above enumerated, either for himself or as agent or as partner of
					 another, or to any corporation the majority of the stock of which is owned or
					 controlled, individually or collectively, by any of such persons. For the
					 purposes of this section, the term "stock" does not include shares representing
					 savings accounts, or borrower memberships, in a domestic savings and loan
					 association or a federal savings and loan association.
1. Change
					 without regulatory effect renumbering former Section
					 230.5 to Section
					 103.604 (Register 87, No. 14). For
					 prior history, see Register 82, No. 52.
Note: Authority cited: Sections
						5255 and
						6702.1,
						Financial Code. Reference: Sections
						6702.1 and
						7177-
						7183,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 7 - Remote Service Units [Renumbered] › Section 103.700 - Purpose and Scope. [Renumbered]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
					 without regulatory effect renumbering former Section
					 244 to Section
					 103.700 (Register 87, No. 14). For
					 prior history, see Register 81, No. 52.
2. Renumbering and amendment
					 of Section
					 103.700 to Section
					 104.700 filed 12-8-87; operative
					 1-7-88 (Register 87, No. 50).
Note: Authority cited: Sections
						5250 and
						5255,
						Financial Code. Reference: Sections
						5250,
						5255 and
						5500,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 7 - Remote Service Units [Renumbered] › Section 103.701 - Terms Defined. [Renumbered]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
					 without regulatory effect renumbering former Section
					 244.1 to Section
					 103.701 (Register 87, No. 14). For
					 prior history, see Register 81, No. 52.
2. Renumbering and amendment
					 of Section
					 103.701 to Section
					 104.701 filed 12-8-87; operative
					 1-7-88 (Register 87, No. 50).
Note: Authority cited: Sections
						5250 and
						5255,
						Financial Code. Reference: Sections
						5250,
						5255 and
						5500,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 7 - Remote Service Units [Renumbered] › Section 103.702 - Operations and Procedures. [Renumbered]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
					 without regulatory effect renumbering former Section
					 244.2 to Section
					 103.702 (Register 87, No. 14). For
					 prior history, see Register 81, No. 52.
2. Renumbering and amendment
					 of former Section
					 103.702 to Section
					 104.702 filed 12-8-87; operative
					 1-7-88 (Register 87, No. 50).
Note: Authority cited: Sections
						5250 and
						5255,
						Financial Code. Reference: Sections
						5250,
						5255 and
						5500,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 7 - Remote Service Units [Renumbered] › Section 103.703 - Waiver of Regulations. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
					 without regulatory effect renumbering former Section
					 244.3 to Section
					 103.703 (Register 87, No. 14). For
					 prior history, see Register 81, No. 52.
2. Repealer filed 12-8-87;
					 operative 1-7-88 (Register 87, No. 50).
Note: Authority cited: Sections
						5250 and
						5255,
						Financial Code. Reference: Sections
						5250,
						5255 and
						5500,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 8 - Foreign Savings and Loan Association › Section 103.800 - Filing Procedures

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
				  An application filed by a foreign savings association for approval to conduct
				  the business of an association in this state shall be filed with the Department
				  of Savings and Loan at either its San Francisco or Los Angeles
				  office.
(b) Shall be filed in
				  triplicate and shall be accompanied by a filing fee of $7,500.
(c) An applicant may separately file and
				  designate part of its application as "confidential," and attach a statement of
				  reasons. Such information shall be deemed "confidential," and shall not be open
				  for public inspection except pursuant to the provisions of Section
				  102.203.
1. New
					 section filed 7-1-87; operative 7-1-87 pursuant to Government Code Section
					 11346.2(d)
					 (Register 87, No. 28).
Note: Authority cited: Sections
						8053 and
						10012,
						Financial Code. Reference: Section
						10012,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 8 - Foreign Savings and Loan Association › Section 103.801 - Information to be Included in Applications

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An application shall include the following
					 information:
(a) Name of the
				  applicant.
(b) Address and
				  telephone number of the applicant's home office.
(c) Name, address and telephone number of
				  person to be contact concerning the application.
(d) Summary of applicant's history, including
				  but not limited to the date and place of organization or incorporation. Attach
				  certified copies of applicant's articles of incorporation and bylaws, or other
				  documents establishing applicant's existence and organization.
(e) A description of the applicant's business
				  and corporate structure, including the name, location, and principal business
				  of each majority-owned subsidiary and the amount invested in each subsidiary by
				  the applicant.
(f) If the applicant
				  is directly or indirectly controlled by a foreign holding company, include the
				  total deposits of each financial institution directly or indirectly controlled
				  by such foreign holding company, and indicate the states in which the home
				  offices of each such financial institution is located.
(g) A business plan describing the
				  applicant's proposed business activities in this state.
(h) The auditor's report for the applicant's
				  most recent fiscal year, and comparative statements for the prior
				  year.
(i) The name and title of the
				  chief executive officer of applicant, the regional officer if more than one
				  office will be established in California, and completed biographical and
				  financial statements and fingerprint cards.
(j) The name, address, and principal
				  occupation of each director of applicant, and completed biographical and
				  financial statements for each.
(k)
				  A copy of the most recent examination report prepared by the applicable Federal
				  Home Loan Bank or the Federal Deposit Insurance Corporation, the last state
				  examination report, any correspondence from the relevant regulator to the Board
				  of Directors discussing each such report, and the Board's responses
				  thereto.
(l) State whether any
				  supervisory or regulatory agreement or order is currently in effect with
				  respect to the applicant, and, if so, attach a copy of each.
(m) An opinion from the applicant's state
				  regulatory agency which describes the conditions under which California savings
				  associations may conduct business in such state.
(n) Any additional information required by
				  these regulations or current instructions of the Commissioner.
1. New
					 section filed 7-1-87; operative 7-1-87 pursuant to Government Code Section
					 11346.2(d)
					 (Register 87, No. 28).
Note: Authority cited: Sections
						8053 and
						10012,
						Financial Code. Reference: Section
						10012,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 8 - Foreign Savings and Loan Association › Section 103.802 - Approval to Conduct the Business of an Association in California

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
If the Commissioner finds each of the following with
					 respect to an application by a foreign savings association for approval to
					 conduct the business of an association in California, the Commissioner shall
					 approve such application:
(a) That the
				  applicant, any savings and loan holding company of the applicant, the directors
				  and chief executive officer of the applicant and of any savings and loan
				  holding company of the applicant, are each of good character and sound
				  financial standing.
(b) That the
				  financial history and condition of the applicant are satisfactory.
(c) That the applicant's plan to conduct the
				  business of an association in California affords a reasonable promise of
				  successful operation.
(d) That the
				  foreign savings association has obtained a certificate of qualification from
				  the Secretary of State under Chapter 21 (commencing with Section
				  2100) of Division 1 of the
				  Corporations Code.
(e) That the
				  state in which the home office of the applicant is located permits California
				  associations to conduct the business of an association in such state in
				  substantially the same manner as the applicant proposes to conduct in this
				  State.
(f) That the applicant is
				  not directly or indirectly controlled by a foreign holding company with its
				  principal place of deposits located in a state outside the states listed in
				  Financial Code Section
				  10011.
(g) That the applicant has provided all
				  required information.
If the Commissioner finds otherwise, the Commissioner shall
					 deny the application.
1. New
					 section filed 7-1-87; operative 7-1-87 pursuant to Government Code Section
					 11346.2(d)
					 (Register 87, No. 28).
Note: Authority cited: Sections
						8053 and
						10012,
						Financial Code. Reference: Section
						10012,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 8 - Foreign Savings and Loan Association › Section 103.803 - Issuance of Certificate of Authority

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever an application by a foreign savings association
					 for approval to conduct the business of an association in California has been
					 approved the Commissioner shall issue to such foreign savings association a
					 certificate of authority to conduct the business of an association in
					 California.
1. New
					 section filed 7-1-87; operative 7-1-87 pursuant to Government Code Section
					 11346.2(d)
					 (Register 87, No. 28).
Note: Authority cited: Sections
						8053 and
						10012,
						Financial Code. Reference: Section
						10012,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.100 - Association Advertising File

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Each association shall maintain or cause to be maintained,
					 and make available for inspection at its home office chronological files of all
					 forms of advertisements used by it during the preceding eighteen
					 months.
1. Change
					 without regulatory effect renumbering former Section
					 130 to Section
					 104.100 (Register 87, No. 14). For
					 prior history, see register 82, No. 45.
2. Amendment filed 4-13-88;
					 operative 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						6523,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.101 - Filing of Advertising Prior to Publication

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Under Section
					 6523 of the law the commissioner
					 may require any or all associations to file a true copy of the text of any
					 advertisement in the office of the commissioner at least five days prior to
					 issuance, circulation, or publication of such advertisement. Filing shall not
					 be necessary, except when specifically required by the Commissioner or when
					 proposed to be used in connection with the sale of capital stock, a permit for
					 which must first be applied for and issued. All advertising proposed to be used
					 in connection with the sale of capital stock shall not be used until the
					 commissioner has authorized such use.
1. Change
					 without regulatory effect renumbering former Section
					 131 to Section
					 104.101 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Amendment filed 4-13-88;
					 operative 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						6523,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.102 - Advertising Signs

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An association may use shortened names or phrases in
					 advertising signs located in or on its office premises provided somewhere on
					 the front of the office premises there appears the full name of the
					 association.
1. Change
					 without regulatory effect renumbering former Section
					 133.1 to Section
					 104.102 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Amendment of NOTE filed
					 4-13-88; operative 5-13-88 (Register 88, No.
					 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						6523,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.103 - Misleading Impression

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The advertisement as a whole must not be inaccurate or
					 create a misleading impression even though statements therein separately
					 considered are literally truthful.
1. Change
					 without regulatory effect renumbering former Section
					 134 to Section
					 104.103 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Amendment of NOTE filed
					 4-13-88; operative 5-13-88 (Register 88, No.
					 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						6523,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.104 - Comparison of Stock Structures

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No association shall publish any comparison of its paid-in
					 capital with the paid-in capital of any other association or associations,
					 unless it also publishes in connection therewith a comparison of its general
					 loss reserves with the general loss reserves of said association or
					 associations.
1. Change
					 without regulatory effect renumbering former Section
					 135 to Section
					 104.104 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Amendment of NOTE filed
					 4-13-88; operative 5-13-88 (Register 88, No.
					 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						6523,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.105 - Rate of Interest and Early Withdrawal Penalties

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) If any association advertises a special
				  rate of interest which is paid or credited, or is to be paid or credited, on
				  one class of share or investment certificate account, or savings account, such
				  advertising shall clearly set forth special restrictions or conditions
				  applicable to such accounts.
(b)
				  Any advertisement publicizing the rate of interest paid on savings accounts
				  shall clearly state whether the association will or may impose a penalty for
				  withdrawal from a savings account before maturity.
(c) Non-Cash Interest. Any advertisement
				  announcing the distribution of any non-cash item (merchandise, goods or
				  services) that is intended to be given as interest on an account in lieu of
				  cash shall clearly and legibly disclose that the cost of such item will be a
				  payment of interest.
1. Change
					 without regulatory effect renumbering former Section
					 136.1 to Section
					 104.105 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Amendment filed 4-13-88;
					 operative 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						6523,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.106 - Unqualified Claims

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No association shall advertise in any manner that it is the
					 "safest," "most secure," "most reliable" or "strongest" association or make
					 other similar claims relating to the security of investments therein unless it
					 also sets forth in detail valid reasons for the claim.
1. Change
					 without regulatory effect renumbering former Section
					 137 to Section
					 104.108 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Repealer of former
					 Section 104.106, and renumbering of
					 Section 104.108 to Section
					 104.106 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						6523,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.107 - Claim of Leadership

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No association shall state or imply in its advertising, by
					 use of superlatives or otherwise, that it is the leader in a particular field
					 unless it also sets forth in detail valid reasons for the
					 claim.
1. Change
					 without regulatory effect renumbering former Section
					 136.4 to Section
					 104.107 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Repealer of former
					 Section 104.107, and renumbering of
					 Section 104.109 to Section
					 104.107 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						6523,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.108 - Claims of Superior Facilities

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No association shall state or imply in its advertising that
					 its facilities are superior to those of another association unless it sets
					 forth in detail valid reasons for its claim.
1. Change
					 without regulatory effect renumbering former Section
					 137 to Section
					 104.108 (Register 87, No. 1). For
					 prior history, see Register 82, No. 45.
2. Renumbering of former
					 Section 104.108 to Section
					 104.106, and renumbering of
					 Section 104.110 to Section
					 104.108 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						6523,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.109 - Nature of Loan Portfolio

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No association shall state or imply in its advertising that
					 its loan portfolio is secured by residential properties if more than 20 percent
					 of the unpaid balance of its loan portfolio is in loans secured by other than
					 residential properties unless it sets forth a breakdown as follows: Loans on
					 one to four unit residential properties, loans on multiple unit dwellings in
					 excess of four units, loans on commercial properties, and loans on unimproved
					 property.
1. Change
					 without regulatory effect renumbering former Section
					 137.1 to Section
					 104.109 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Renumbering of former
					 Section 104.109 to Section
					 104.107, and renumbering of
					 Section 104.111 to Section
					 104.109 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						6523,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.110 - Adequacy of Reserves

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Any advertisement, other than solely a balance sheet,
					 concerning the dollar amount of reserves of an association shall also set forth
					 the percentage ratio of said reserves to withdrawable savings
					 accounts.
1. Change
					 without regulatory effect renumbering former Section
					 137.2 to Section
					 104.110 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Renumbering of former
					 Section 104.110 to Section
					 104.108, and renumbering of
					 Section 104.112 to Section
					 104.110 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						6523,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.111 - Giveaways

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The term "giveaway" means anything of value, or services
					 performed in whole or in part outside the premises of an association, furnished
					 the recipient without adequate payment; the term does not, however, include (a)
					 provision by an association, for its depositors, of safety deposit facilities
					 at no cost or at a reduced rental, regardless of the location of such
					 facilities; or (b) reimbursement for all or any part of amounts paid by
					 depositors for safety deposit facilities located outside the premises of the
					 association; or (c) provision of any service or thing of value as payment of
					 interest.
1. Change
					 without regulatory effect renumbering former Section
					 138 to Section
					 104.111 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Renumbering of former
					 Section 104.111 to
					 104.109, and renumbering and
					 amendment of Section
					 104.114 to Section
					 104.111 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Sections
						6523 and
						6653,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.112 - Connection Between Giveaways and Savings Accounts Prohibited

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No association shall condition the distribution of a
					 giveaway on the recipient's possessing, opening, or adding to a savings
					 account, or maintaining a minimum balance therein.
1. Change
					 without regulatory effect renumbering former Section
					 139 to Section
					 104.112 (Register 87, No.14). For
					 prior history, see Register 82, No. 45.
2. Renumbering of former
					 Section 104.112 to Section
					 104.110, and renumbering of
					 Section 104.115 to Section
					 104.112 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Sections
						6523 and
						6653,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.113 - Advertisements of Giveaway Prohibited; Exceptions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Except as provided in Section
					 104.114, no association shall
					 refer in any of its advertisements to any giveaway, other than printed material
					 of an educational or informational nature of a cost not exceeding $2.50, or a
					 coin bank not exceeding said cost.
1. Change
					 without regulatory effect renumbering former Section
					 140 to Section
					 104.113 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Repealer of former
					 Section 104.113, and renumbering and
					 amendment of Section
					 104.116 to Section
					 104.113 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Sections
						6523 and
						6653,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.114 - Giveaway Advertisements Permitted in Connection with New Association Opening

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An association may refer to giveaways in its advertisements
					 for a single period of 30 days ending not more than one year after the opening
					 of its first office.
1. Change
					 without regulatory effect renumbering former Section
					 141 to Section
					 104.114 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Renumbering and amendment
					 of former Section
					 104.114 to Section
					 104.111, and renumbering and
					 amendment of Section
					 104.117 to Section
					 104.114 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Sections
						6523 and
						6653,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.115 - Giveaway Prohibition Applicable to Dealings with Any Persons

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No association shall enter into any agreement or
					 understanding with, or accept funds for investment in savings accounts from,
					 any person engaging in activities that are prohibited by Sections
					 104.112 and
					 104.113 if done by an
					 association.
1. Change
					 without regulatory effect renumbering former Section
					 141.1 to Section
					 104.115 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Renumbering of former
					 Section 104.115 to Section
					 104.112, and renumbering and
					 amendment of Section
					 104.118 to Section
					 104.115 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Sections
						6523 and
						6653,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.116 - Advertisements of Giveaways Prohibited; Exceptions. [Renumbered]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
					 without regulatory effect renumbering former Section
					 141.2 to Section
					 104.116 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Renumbering and amendment
					 of Section
					 104.116 to Section
					 104.113 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						5255,
						Financial Code. Reference: Section
						6412,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.117 - Giveaway Advertisements Permitted in Connection with New Association Opening. [Renumbered]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
					 without regulatory effect renumbering former Section
					 141.3 to Section
					 104.117 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Renumbering and amendment
					 of Section
					 104.117 to Section
					 104.114 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						5255,
						Financial Code. Reference: Section
						6412,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.118 - Giveaway Prohibition Applicable to Dealings with Brokers and Other Persons. [Renumbered]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
					 without regulatory effect renumbering former Section
					 141.4 to Section
					 104.118 (Register 87, No. 14). For
					 prior history, see Register 82, No. 45.
2. Renumbering and amendment
					 of Section
					 104.118 to Section
					 104.115 filed 4-13-88; operative
					 5-13-88 (Register 88, No. 18).
Note: Authority cited: Section
						5255,
						Financial Code. Reference: Section
						6412,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.200 - Terms Defined

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
				  Data processing means bookkeeping, recordkeeping and/or accounting by manual,
				  mechanical or electronic methods.
(b) A service center is:
(1) A data processing unit of an association,
				  located either on its premises or at its branch or service office, which, in
				  addition to performing data processing for the association itself, performs
				  such service for another association or other associations, or
(2) A jointly operated data processing unit
				  owned and operated by two or more associations for the purpose of rendering
				  data processing service for said associations, and for any other associations
				  that have contracted for its services, or
(3) An independent facility which performs
				  data processing operations for an association or associations and which is not
				  operated by the personnel employed by the associations whose accounts are being
				  serviced.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.201 - Blanket Authority-Conditions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Blanket authority is hereby granted to any association or
					 its authorized service corporation to contract for data processing services
					 with any service center described in Section
					 166(b) hereof,
					 provided the association or its authorized service corporation which contracts
					 for the data processing services files a written report with the commissioner
					 within 10 days after the execution of the contract disclosing the
					 following:
(a) The date that a written
				  contract was executed by the association or its authorized service corporation
				  and a service center;
(b) That a
				  copy of the contract is retained in the association's files for examination by
				  the commissioner; and
(c) That the
				  contract meets the requirements of instructions issued by the
				  commissioner.
1. Change
					 without regulatory effect renumbering former Section
					 167 to Section
					 104.201 (Register 87, No. 14). For
					 prior history, see Register 82, No. 33.
Note: Authority cited: Section
						5255,
						Financial Code. Reference: Section
						8701,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.300 - Classes and Appointment of Appraisers

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The board of directors of a state savings
				  and loan association may appoint any person or persons to act as an appraiser
				  in any one of the four classes as described in this Subchapter 4, Article 3 or
				  may delegate such authority to management. Prior to appointment, information
				  must be provided to the association verifying that the person(s) meet the
				  Commissioner's qualification standards established for the designated class.
				  Documentation to support the appointment for each natural person(s) signing an
				  appraisal report shall be available upon request for examination by the
				  Commissioner.
(b) The provisions of
				  this Subchapter 4, Article 3 shall not affect the appointment of appraisers
				  made prior to the effective date of these regulations.
1. Change
					 without regulatory effect renumbering former Section
					 122 to Section
					 104.300 (Register 87, No. 14). For
					 prior history, see Registers 82, No. 49 and 69, No. 22.
2. Amendment
					 filed 8-23-88; operative 9-22-88 (Register 88, No.
					 35).
Note: Authority cited: Sections
						7500 and
						8053,
						Financial Code. Reference: Sections
						7500 and
						8158,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.301 - Appraiser I

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An Appraiser I is a trainee who is permitted to assist an
					 Appraiser II, III or IV in appraising:
(a) the fee interest in existing and proposed
				  residential properties up to and including four units; and
(b) the fee interest in individual lots zoned
				  for residential use, with offsite improvements in place.
Such appraisals must be signed by both the trainee and the
					 Appraiser II, III or IV. The Appraiser II, III or IV must personally inspect
					 the property and prepare the certification required under Section
					 104.312.
1. Change
					 without regulatory effect renumbering former Section
					 122.1 to Section
					 104.301 (Register 87, No. 14). For
					 prior history, see Register 82, No. 49.
2. Amendment of subsection
					 (b) filed 8-23-88; operative 9-22-88 (Register 88, No.
					 35).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						7500,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.302 - Qualifications for Appraiser I

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Both of the following are prerequisites to qualification as
					 an Appraiser I:
(a) Full-time
				  employment as an employee of an association or its affiliates;
(b) Graduation from a junior college or
				  possession of an equivalent number of course units from an accredited four-year
				  college or university or from an extension program thereof.
1. Change
					 without regulatory effect renumbering former Section
					 122.2 to Section
					 104.302 (Register 87, No. 14). For
					 prior history, see Register 82, No. 49.
2. Amendment of subsection
					 (b) filed 8-23-88; operative 9-22-88 (Register 88, No.
					 35).
Note: Authority cited: Sections
						7500 and
						8053,
						Financial Code. Reference: Section
						7500,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.303 - Appraiser II

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An Appraiser II is permitted to appraise:
(a) the fee interest in an existing or
				  proposed residential property up to and including four units or a construction
				  project of not more than four single family residences; and
(b) the fee interest in individual lots zoned
				  for residential use, with offsite improvements in place.
An Appraiser II is permitted to assist, for training
					 purpose, an Appraiser III or an Appraiser IV in appraising such other types of
					 real property as an Appraiser III or an Appraiser IV might appraise. Such other
					 appraisals must be signed by both the Appraiser II and the Appraiser III or IV.
					 The Appraiser III or IV must personally inspect the property and prepare the
					 certification required under Section
					 104.312.
1. Change
					 without regulatory effect renumbering former Section
					 122.3 to Section
					 104.303 (Register 87, No. 14). For
					 prior history, see Register 82, No. 49.
2. Amendment of subsection
					 (b) filed 8-23-88; operative 9-22-88 (Register 88, No.
					 35).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						7500,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.304 - Qualifications for Appraiser II

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Either
(a)
(1) three months of full-time appraisal
				  experience performing the duties of an Appraiser I with adequate field training
				  in procedures appropriate to appraising existing and proposed residential
				  properties up to and including four units; and (2) successful completion of a
				  basic course in real estate appraising conducted by a junior college; by an
				  accredited four-year college or university or from an extension program
				  thereof; by a recognized professional appraisal society; or by the Institute of
				  Financial Education or other entity in a course of instruction that has been
				  approved by the commissioner; or
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.305 - Appraiser III

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An Appraiser III is permitted to appraise:
(a) the fee interest or leasehold interest in
				  existing or proposed residential properties; and
(b) the fee interest or leasehold interest in
				  developed or undeveloped land zoned for residential use only.
An Appraiser III is permitted to assist, for training
					 purposes, an Appraiser IV in appraising such other types of real property as an
					 Appraiser IV might appraise. Such other appraisals must be signed by both the
					 Appraiser III and the Appraiser IV. The Appraiser IV must personally inspect
					 the property and prepare the certification required under Section
					 104.312.
1. Change
					 without regulatory effect renumbering former Section
					 122.5 to Section
					 104.305 (Register 87, No. 14). For
					 prior history, see Register 82, No. 49.
2. Amendment of subsection
					 (b) filed 8-23-88; operative 9-22-88 (Register 88, No.
					 35).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						7500,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.306 - Qualifications for Appraiser III

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Three years of appraisal experience as a
				  staff or fee appraiser with substantial experience appraising investment-type
				  residential properties; and
(b)
				  successful completion of an advanced course in real estate appraising conducted
				  by a junior college; by an accredited four-year college or university or from
				  an extension program thereof; by a recognized professional appraisal society;
				  or by the Institute of Financial Education or other entity in a course of
				  instruction that has been approved by the commissioner.
1. Change
					 without regulatory effect renumbering former Section
					 122.6 to Section
					 104.306 (Register 87, No. 14). For
					 prior history, see Register 82, No. 49.
2. Amendment of subsection
					 (b) filed 8-23-88; operative 9-22-88 (Register 88, No.
					 35).
Note: Authority cited: Sections
						7500 and
						8053,
						Financial Code. Reference: Section
						7500,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.307 - Appraiser IV

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An Appraiser IV is permitted to appraise any type of real
					 property that may be accepted as the security for a loan by an association. The
					 Appraiser IV must personally inspect the property and prepare the certification
					 required under Section
					 104.312.
1. Change
					 without regulatory effect renumbering former Section
					 122.7 to Section
					 104.307 (Register 87, No. 14). For
					 prior history, see Register 82, No. 49.
2. Amendment filed 8-23-88;
					 operative 9-22-88 (Register 88, No. 35).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						7500,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.308 - Qualifications for Appraiser IV

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
(1)
				  Either five years of appraisal experience as a staff or fee appraiser gained
				  within the past ten years, with substantial experience appraising commercial
				  and industrial properties; and
(2)
				  successful completion of an advanced course in real estate appraising conducted
				  by a junior college; by an accredited four-year college or university, or from
				  an extension program thereof; by a recognized professional appraisal society;
				  or by the Institute of Financial Education or other entity in a course of
				  instruction that has been approved by the commissioner; or
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.309 - Approval Process

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The board of directors or management of an association may
					 determine that a person is qualified as an appraiser in any one of the four
					 classifications, provided that such person has the qualifications outlined in
					 Sections 104.302,
					 104.304,
					 104.306 and
					 104.308 of this
					 article.
1. Change
					 without regulatory effect renumbering former Section
					 123 to Section
					 104.309 (Register 87, No. 14). For
					 prior history, see Register 82, No. 49.
2. Amendment filed 8-23-88;
					 operative 9-22-88 (Register 88, No. 35).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Section
						7500,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 4 - Operations-General › Article 1 - Advertising › Section 104.310 - Designation of Classification

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An appraiser in signing an appraisal report shall designate
					 his appraiser classification.
1. Change
					 without regulatory effect renumbering former Section
					 124 to Section
					 104.311 (Register 87, No. 14). For
					 prior history, see Register 82, No. 49.
2. Repealer of former
					 Section 104.310, and renumbering of former
					 Section 104.311 to Section
					 104.310 filed 8-23-88; operative
					 9-22-88 (Register 88, No. 35).
Note: Authority cited: Section
						8053,
						Financial Code. Reference: Sections
						7500,
						Financial Code.