reglab/statecodes huggingface dataset:
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 4 - Adjustable-Rate Mortgage Loans [Repealed] › Section 10.190300 - Definition of "Subject Institution" and Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Section 1227.1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 4 - Adjustable-Rate Mortgage Loans [Repealed] › Section 10.190301 - Other Definition

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Section 1227.1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 4 - Adjustable-Rate Mortgage Loans [Repealed] › Section 10.190302 - General Rule

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Section 1227.1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 4 - Adjustable-Rate Mortgage Loans [Repealed] › Section 10.190303 - Index

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Section 1227.1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 4 - Adjustable-Rate Mortgage Loans [Repealed] › Section 10.190304 - Rate Changes

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Section 1227.1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 4 - Adjustable-Rate Mortgage Loans [Repealed] › Section 10.190305 - Amortization Requirements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Section 1227.1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 4 - Adjustable-Rate Mortgage Loans [Repealed] › Section 10.190306 - Disclosure

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Section 1227.1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 4 - Adjustable-Rate Mortgage Loans [Repealed] › Section 10.190307 - Transition Rule

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Section 1227.1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 5 - Delayed Funds Availability › Section 10.190400 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This subarticle contains regulations pertaining to
						delayed funds availability.
1. New
						Subarticle 5 (Sections
						10.190400-10.190407) filed
						9-21-84; designated effective 10-1-84 pursuant to Government Code Section
						11346.2(d)
						(Register 84, No. 38).
Note: Authority cited: Sections
						  215,
						  866.5 and
						  866.6,
						  Financial Code; and Section
						  4213, California Uniform
						  Commercial Code. Reference: Sections
						  866.5 and
						  866.6,
						  Financial Code; and Section
						  4213, California Uniform
						  Commercial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 5 - Delayed Funds Availability › Section 10.190401 - Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In this subarticle:
(a) "Banking day" shall have the same meaning
					 as provided in 12 CFR
					 229.2(f).
(b) "Business day" shall have the same
					 meaning as provided in 12
					 CFR 229.2(g).
(c) "Deposit account" shall mean an "account"
					 as defined in 12 CFR
					 229.2(a) and any savings
					 deposit account other than a time deposit account.
(d) "Depositary bank" means any of the
					 following to which an item is first transferred even though it is also the
					 payor bank:
(1) Any California state
					 commercial bank; or
(2) Any
					 California national bank; or
(3)
					 Any California branch office of a foreign (other nation)
					 bank.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 5 - Delayed Funds Availability › Section 10.190402 - Funds Availability

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
					 A depositary bank shall make funds deposited into a deposit account by an item
					 available for withdrawal as provided in Regulation CC, 12 CFR Part 229 , except
					 as set forth in subdivision (b). The hold schedules provided in Regulation CC,
					 12 CFR Part 229, and in subdivision (b), shall be the reasonable time for the
					 collection and return of an item and the reasonable time by which a depositary
					 bank must permit a depositor to draw on an item deposited into a deposit
					 account.
(b)
(1) A depositary bank which is a 1210 bank
					 shall make funds deposited into a deposit account by an item drawn on a 1220
					 bank or a paying bank located in the portion of California served by the Los
					 Angeles Branch of the Federal Reserve Bank of San Francisco available for
					 withdrawal not later than the fourth business day following the banking day on
					 which the funds are deposited.
(2)
					 A depositary bank which is a 1220 bank shall make funds deposited into a
					 deposit account by an item drawn on a 1210 bank or a paying bank located in the
					 portion of California served by the Head Office of the Federal Reserve Bank of
					 San Francisco available for withdrawal not later than the fourth business day
					 following the banking day on which the funds are deposited.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 5 - Delayed Funds Availability › Section 10.190403 - Separate Offices. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 10-17-88 as an emergency; operative 10-17-88 (Register 88, No.
						45). A Certificate of Compliance must be transmitted to OAL within 120 days or
						repealed text will be reinstated on 2-14-89.
2. Certificate of
						Compliance transmitted to OAL 2-10-89 and filed 3-13-89 (Register 89, No.
						11).
Note: Authority cited: Sections
						  215,
						  866.5 and
						  866.6,
						  Financial Code; and Section
						  4213, California Uniform
						  Commercial Code. Reference: Sections
						  866.5 and
						  866.6,
						  Financial Code; and Sections
						  4105 and
						  4213, California Uniform
						  Commercial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 5 - Delayed Funds Availability › Section 10.190404 - Limitations on Applicability. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 10-17-88 as an emergency; operative 10-17-88 (Register 88, No.
						45). A Certificate of Compliance must be transmitted to OAL within 120 days or
						repealed text will be reinstated on 2-14-89.
2. Certificate of
						Compliance transmitted to OAL 2-10-89 and filed 3-13-89 (Register 89, No.
						11).
Note: Authority cited: Sections
						  215,
						  866.5 and
						  866.6,
						  Financial Code; and Section
						  4213, California Uniform
						  Commercial Code. Reference: Sections
						  866.5 and
						  866.6,
						  Financial Code; Sections
						  4105 and
						  4213, California Uniform
						  Commercial Code; and Section
						  3, Chapter 1011 of the Statutes of
						  1983.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 5 - Delayed Funds Availability › Section 10.190405 - Maximum Hold Periods. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Amendment filed 8-1-86; designated effective 10-30-86 (Register 86, No.
						3).
2. Repealer filed 10-17-88 as an emergency; operative 10-17-88
						(Register 88, No. 45). A Certificate of Compliance must be transmitted to OAL
						within 120 days or repealed text will be reinstated on 2-14-89.
3.
						Certificate of Compliance transmitted to OAL 2-10-89 and filed 3-13-89
						(Register 89, No. 11).
Note: Authority cited: Sections
						  215,
						  866.5 and
						  866.6,
						  Financial Code; and Section
						  4213, California Uniform
						  Commercial Code. Reference: Sections
						  866.5 and
						  866.6,
						  Financial Code; and Section
						  4213, California Uniform
						  Commercial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 5 - Delayed Funds Availability › Section 10.190406 - Other Hold Periods. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Amendment of subsection (a)(3) filed 8-1-86; designated effective 10-30-86
						(Register 86, No. 31).
2. Repealer filed 10-17-88 as an emergency;
						operative 10-17-88 (Register 88, No. 45). A Certificate of Compliance must be
						transmitted to OAL within 120 days or repealed text will be reinstated on
						2-14-89.
3. Certificate of Compliance transmitted to OAL 2-10-89 and
						filed 3-13-89 (Register 89, No. 11).
Note: Authority cited: Sections
						  215,
						  866.5 and
						  866.6,
						  Financial Code; and Section
						  4213, California Uniform
						  Commercial Code. Reference: Sections
						  866.5 and
						  866.6,
						  Financial Code; and Section
						  4213, California Uniform
						  Commercial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 5 - Delayed Funds Availability › Section 10.190407 - Exemptions. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Amendment of subsection (a)(6) filed 8-1-86; designated effective 10-30-86
						(Register 86, No. 31).
2. Repealer filed 10-17-88 as an emergency;
						operative 10-17-88 (Register 88, No. 45). A Certificate of Compliance must be
						transmitted to OAL within 120 days or repealed text will be reinstated on
						2-14-89.
3. Certificate of Compliance transmitted to OAL 2-10-89 and
						filed 3-13-89 (Register 89, No. 11).
Note: Authority cited: Sections
						  215,
						  866.5 and
						  866.6,
						  Financial Code; and Sections
						  4108 and
						  4213, California Uniform
						  Commercial Code. Reference: Sections
						  866.5,
						  866.6 and
						  866.9,
						  Financial Code; and Sections
						  4105 and
						  4213, California Uniform
						  Commercial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 6 - Derivative Transactions › Section 10.190500 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This subarticle contains regulations pertaining to
						derivative credit exposure as contemplated by Financial Code Sections
						1480 and
						1481. For
						purposes of this subarticle, the term "obligations" is not restricted to loan
						products. Rather, it also encompasses "credit exposure to derivative
						transactions," which are subject to the limit imposed by Financial Code Section
						1481.
1. New
						subarticle 6 (sections
						10.190500-10.190501) and section
						filed 11-19-2013; operative 11-19-2013. This regulation is exempt from OAL
						review pursuant to Financial Code section
						332, is
						effective on filing and will expire at 12 p.m. on December 31, 2014 (Register
						2013, No. 47).
2. New subarticle 6 (sections
						10.190500-10.190501) and section
						adopted pursuant to Financial Code section
						332(d)
						filed 7-23-2014; operative 10-1-2014 (Register 2014, No.
						30).
Note: Authority cited: Sections
						  326 and
						  332,
						  Financial Code. Reference: Sections
						  1480 and
						  1481,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 6 - Derivative Transactions › Section 10.190501 - Compliance with Federal Regulations Governing Credit Exposure Arising from Derivative Financing Transactions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A subject institution shall, with respect to derivative
						transactions, comply with 12 C.F.R. Part 32.9 subsections (a) and (b) as in
						effect on October 1, 2013, and as subsequently amended, to the same extent and
						in the same manner as if such subject institution were a California state
						chartered bank. The following terms, as used in 12 C.F.R. Part 32.9 , shall
						instead have the definitions ascribed to them as set forth in subsections (a)
						through (b) of this regulation:
(a)
					 "national bank," "bank," or "savings association" means a California state
					 chartered bank or savings association.
(b) "Federal banking agency" means the
					 Department of Business Oversight.
1. New
						section filed 11-19-2013; operative 11-19-2013. This regulation is exempt from
						OAL review pursuant to Financial Code section
						332, is
						effective on filing and will expire at 12 p.m. on December 31, 2014 (Register
						2013, No. 47).
2. New section adopted pursuant to Financial Code
						section
						332(d)
						filed 7-23-2014; operative 10-1-2014 (Register 2014, No.
						30).
Note: Authority cited: Sections
						  326 and
						  332,
						  Financial Code. Reference: Section
						  1481,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.1 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subchapter contains regulations relating to credit
					 unions.
1. Change
					 without regulatory effect adding new subchapter 30, article 1 (sections
					 30.1-30.109) and section filed
					 8-19-97 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 97, No. 34). For prior history, see Register 80, No.
					 29.
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Division 5, Financial
						Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.2 - Citation

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) This Subchapter
				  shall be known and may be cited as the "Credit Union Regulations."
(b) The first unit of the number of each
				  section in this Subchapter is "30." However, in citing a section of this
				  Subchapter, a person may omit the first unit of the number of the section if it
				  is clear that the person is referring to a section of this
				  Subchapter.
1. Change
					 without regulatory effect adding new section filed 8-19-97 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 97, No. 34).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Division 5, Financial
						Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.3 - Inconsistent Provisions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In case any provision of this Subchapter is inconsistent
					 with any provision of Subchapter 1 (commencing with Section
					 1.1) or Subchapter 5 (commencing
					 with Section
					 5.1) (except the provisions of
					 Article 7 (commencing with Section
					 5.6000) of Subchapter 5) of this
					 Chapter, the provision of this Subchapter shall apply and the provision of
					 Subchapter 1 or Subchapter 5 shall not apply.
1. Change
					 without regulatory effect adding new section filed 8-19-97 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 97, No. 34).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Division 5, Financial
						Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.30 - Economic Feasibility - Existing Credit Union

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever the Commissioner, this Subchapter or any law
					 administered by the Commissioner requires that the Commissioner determine the
					 economic feasibility of any proposal of an existing credit union, the
					 Commissioner may consider:
(a) The
				  adequacy of the equity capital of the credit union.
(b) The quality of assets of the credit
				  union.
(c) The level of earnings of
				  the credit union.
(d) The level of
				  liquidity of the credit union.
(e)
				  The quality of management of the credit union.
(f) The business plan of the credit
				  union.
(g) The marketing plan of
				  the credit union.
(h) The business
				  practices of the credit union.
(i)
				  Such other factors that bear upon a determination of the economic feasibility
				  of the proposal.
1. New
					 section filed 2-27-2003; operative 3-29-2003 (Register 2003, No.
					 9).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Sections
						14155 and
						14201,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.31 - Equity Capital Adequacy

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever the Commissioner, this Subchapter or any law
					 administered by the Commissioner requires that the Commissioner determine the
					 adequacy of the equity capital of a credit union, the Commissioner may
					 consider:
(a) The nature and volume of
				  the business of the credit union.
(b) The amount, nature, quality, and
				  liquidity of the assets of the credit union.
(c) The amount and nature of the liabilities
				  (including, but not limited to, any notes or debentures and any contingent
				  liabilities) of the credit union.
(d) The history of, and prospects for, the
				  credit union to earn and retain income.
(e) The quality of the operations of the
				  credit union.
(f) The quality of
				  the management of the credit union.
(g) Such other factors that bear upon a
				  determination that the equity capital of a credit union is adequate.
1. New
					 section filed 2-27-2003; operative 3-29-2003 (Register 2003, No.
					 9).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Sections
						14201 and
						14211,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.40 - Certification of Corporate Resolution

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever the Commissioner or this Subchapter requires that
					 a copy of a resolution of the board or of a committee of the board of a credit
					 union filed with the Commissioner be certified, the certification shall:
(a) State the title of the office, which the
				  person making the certification holds with the credit union.
(b) State that the copy is a true copy of the
				  resolution.
(c)
(1) In a case where the resolution was
				  adopted by the board, so state that such adoption occurred and specify the date
				  of adoption.
(2) In a case where
				  the resolution was adopted by a committee of the board, so state that such
				  adoption occurred, specify the date of adoption, state the title of the
				  committee, and state that the committee is authorized to exercise the powers of
				  the board with respect to the subject matter of the
				  resolution.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.41 - Certification by Secretary or Assistant Secretary

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Whenever the Commissioner or this
				  Subchapter requires that a document filed with the Commissioner be certified by
				  the secretary of a corporation and does not provide that such document may, in
				  the alternative, be certified by an assistant secretary of such corporation,
				  the certification shall be made by the secretary of the corporation. However,
				  if the corporation has no secretary or if the secretary of the corporation is
				  unavailable, the certification may be made by an assistant secretary of the
				  corporation who is authorized to perform the functions of the secretary, in
				  which case the certification shall (1) state that the corporation has no
				  secretary or that the secretary is unavailable, and (2) that the assistant
				  secretary is authorized to perform the functions of the secretary. Also, if the
				  corporation has no secretary or assistant secretary, the certification may be
				  made by the officer of the corporation who performs for the corporation the
				  functions usually performed by the secretary of a corporation, in which case
				  the certification shall state that the corporation has no secretary and that
				  the officer making the certification performs for the corporation the functions
				  usually performed by the secretary of a corporation.
(b) Whenever the Commissioner or this
				  Subchapter requires that a document filed with the Commissioner be certified by
				  the secretary or by an assistant secretary of a corporation, if such
				  corporation has no secretary or assistant secretary, the certification may be
				  made by an officer of the corporation who performs for the corporation the
				  functions usually performed by the secretary or by an assistant secretary of a
				  corporation, in which case the certification shall state that the corporation
				  has no secretary or assistant secretary and that the officer making the
				  certification performs for the corporation the functions usually performed by
				  the secretary or by an assistant secretary of a corporation.
1. New
					 section filed 2-27-2003; operative 3-29-2003 (Register 2003, No.
					 9).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Section
						14201,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.50 - Field of Membership: Family of Member

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A credit union's field of membership may include persons
					 within the immediate family of a member. The classes of persons who are deemed
					 to be within the immediate family of a member and eligible for membership shall
					 be determined by the board of directors.
1. New
					 section filed 2-27-2003; operative 3-29-2003 (Register 2003, No.
					 9).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Sections
						14155 and
						15451,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.51 - Field of Membership: Common Bond

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The field of membership of a credit union shall consist of
					 groups of persons with a common bond beyond obtaining financial services from
					 the credit union. There are three basic forms of groups eligible for membership
					 in a credit union: groups based upon a common bond of occupation; groups based
					 upon a common bond of association; and, groups within a well-defined
					 neighborhood, community, or rural district. A credit union may serve multiple
					 groups from one or more of the three types of groups discussed
					 above.
1. New
					 section filed 2-27-2003; operative 3-29-2003 (Register 2003, No.
					 9).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Sections
						14155 and
						15451,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.60 - Existing Credit Union: Application for Expansion of Field of Membership

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) In this
				  Section, the term "community" means a well-defined neighborhood, community or
				  rural district.
(b) Except as
				  authorized by Section
				  30.73, a credit union may not
				  expand its field of membership without the prior approval of the
				  Commissioner.
(c) A credit union
				  may not expand its field of membership except through an amendment to its
				  bylaws.
(d) An application for an
				  expansion of the field of membership of an existing credit union shall include
				  the following information:
(1) If the
				  applicant proposes to serve an occupational group or association, the
				  application shall include the name and description of the proposed group or
				  association. If the proposed field of membership includes more than one group
				  or association, the application shall contain the name and description of each
				  group or association. Other than groups of employees of a common employer, the
				  application shall include the bylaws of each group or association, if the group
				  or association has adopted bylaws.
(2) A complete list of the organizations,
				  associations, and communities in the credit union's current field of
				  membership.
(3) If the applicant
				  proposes to serve one or more communities, the application shall include
				  information sufficient to demonstrate a common bond with regard to each
				  community.
(4) The number of
				  potential members in each group or community to be included in the field of
				  membership.
(5) The geographic
				  location of each group or community to be included in the field of
				  membership.
(6) If the proposed
				  field of membership is a group the membership of which is equal to or greater
				  than 20 percent of the current membership of the credit union or the proposed
				  field of membership is a community, a copy of the business plan, and a copy of
				  the marketing plan which shall include the methods by which the credit union
				  intends to serve its expanded field of membership.
(7) Such other information that bears upon a
				  finding that the proposed field of membership is not contrary to the principles
				  of organizing credit unions, including principles of organizing credit unions
				  based upon common bond of occupation, association, or groups within a
				  well-defined neighborhood, community or rural district.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.61 - Field of Membership: Approval of Expansion of Field of Membership Application

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
				  As an administrative standard, the Commissioner shall consider all of the
				  following factors in processing an application to expand the field of
				  membership of a credit union, and the Commissioner may deny the application for
				  any of the following reasons:
(1) The field of
				  membership of the applicant is contrary to the principles of organizing credit
				  unions, including principles of organizing credit unions based on common bond
				  of occupation, association, or groups within a well-defined neighborhood,
				  community or rural district.
(2) A
				  false statement of material fact has been made with regard to the
				  application.
(3) The applicant's
				  showing as to the economic feasibility of serving the expanded field of
				  membership of the existing credit union is inadequate.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.70 - Field of Membership: Authorization to Add Select Groups

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Sections
					 30.71 through
					 30.73 contain regulations relating
					 to the eligibility of an existing credit union to add a select group to its
					 field of membership without obtaining the prior approval of the
					 Commissioner.
1. New
					 section filed 2-27-2003; operative 3-29-2003 (Register 2003, No.
					 9).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Sections
						14155 and
						15451,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.71 - Field of Membership: Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In Sections
					 30.72 and
					 30.73:
(a) "Eligible" when used with respect to a
				  California credit union, means that the Commissioner has granted eligibility to
				  add select groups to the credit union, and that the eligibility remains in full
				  force and effect.
(b) "Acceptable
				  Rating" when used with respect to a California credit union, means that the
				  composite rating of the credit union in the most recent report of examination
				  issued by the Department or the National Credit Union Administration was "1" or
				  "2" under The CAMEL Rating System; provided that the credit union has not been
				  notified by the Commissioner that it is ineligible.
(c) "Select Group" means either of the
				  following:
(1) An association formed by a
				  group of individuals based upon a common bond of occupation. At the time the
				  application is made, the total number of members of that association may not
				  exceed 1,000.
(2) Employees of a
				  common employer. At the time the application is made, the total number of
				  employees of the common employer may not exceed 1,000.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.72 - Field of Membership: Application for Eligibility to Add Select Groups

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) An application
				  by a California credit union for eligibility to add select groups shall contain
				  the following information:
(1) A statement
				  that the credit union has an acceptable rating. The statement shall include the
				  name of regulator or insurer which gave the acceptable rating, and the date the
				  acceptable rating was given.
(2) A
				  statement that there has been no material change in the condition of the credit
				  union since it received the acceptable rating.
(3) Confirmation that the board of directors
				  of the credit union has adopted a policy setting forth guidelines for adding
				  select groups to its field of membership which incorporates, among other
				  necessary items, the appropriate requirements set forth in Section
				  30.73. A copy of the policy shall
				  be included as an exhibit to the application.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.73 - Field of Membership: Procedure for Eligible Credit Unions to Add Select Groups

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) An
				  application by an eligible California credit union to add a select group to its
				  field of membership shall be deemed approved by the Commissioner, if the
				  following requirements are met:
(1) Not less
				  than 10 business days before adding the proposed select group to the credit
				  union's field of membership, the credit union shall file with the Commissioner
				  a report which shall include the following information:
(A) A document signed by an authorized
				  representative of the proposed select group or a letter signed by the common
				  employer requesting that the credit union add the select group to the credit
				  union's field of membership. Whenever possible, the document shall be submitted
				  on the select group's letterhead stationery or the letterhead of the
				  employer.
(B) A statement
				  explaining how the select group shares a common bond of occupation or a common
				  employer.
(C) A statement that the
				  number of persons currently within the select group to be added to the credit
				  union's field of membership is 1,000 or less.
(D) A statement as to the general locations
				  of the select group to be added to the credit union's field of
				  membership.
(E) Two copies of the
				  bylaw amendment adding the select group of the field of membership of the
				  credit union. The bylaw amendment shall be in the form of certificate of
				  secretary or assistant secretary.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.101 - Delayed Funds Availability

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
				  In this Section:
(1) "Credit union" means any
				  of the following:
(A) A credit union
				  organized under the laws of California.
(B) A federal credit union with its home
				  office or a branch office in California.
(C) A credit union organized under the laws
				  of a state other than California that maintains a branch office in
				  California.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.101.5 - Prohibited Advertising. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
					 without regulatory effect renumbering former section
					 905 to new section
					 30.101 filed 8-19-97 pursuant to
					 section 100, title 1, California Code of
					 Regulations (Register 97, No. 34).
2. Change without regulatory
					 effect renumbering duplicative section
					 30.101 to new section
					 30.101.5 (Register 97, No.
					 42).
3. Repealer filed 1-6-2022; operative 4-1-2022 (Register 2022,
					 No. 1).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Sections
						14157 and
						14202,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.103 - Articles of Incorporation: Submission to Commissioner

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Before the articles of incorporation of a credit union, any
					 restated articles, any proposed amendments to the articles of incorporation, or
					 any certificate of correction are filed with the Secretary of State, the
					 articles, the restated articles, the certificate of amendment, or the
					 certificate of correction shall be submitted to the Commissioner for written
					 approval. Upon receiving the Commissioner's written approval, the articles, the
					 restated articles or the certificate with the approval of the Commissioner
					 endorsed thereon, shall be filed with the Secretary of State, at which time the
					 articles, the restated articles or the certificate shall be effective. Promptly
					 after the articles, the restated articles, or the certificate is filed with the
					 Secretary of State, the credit union shall file with the Commissioner a copy
					 certified by the Secretary of State of the articles, the restated articles, or
					 the certificate.
1. Change
					 without regulatory effect renumbering and amending former section
					 908 to new section
					 30.103 filed 8-19-97 pursuant to
					 section 100, title 1, California Code of
					 Regulations (Register 97, No. 34).
2. Amendment of section heading,
					 section and NOTE filed 2-27-2003; operative 3-29-2003 (Register 2003, No.
					 9).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Sections
						14100,
						14101.8,
						14102.2 and
						14102.4,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.104 - Bond and Insurance Coverage

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A credit union shall be deemed to have obtained bond or
					 insurance coverage for each officer, credit manager and employee (collectively
					 and separately, the "individual") having control of or access to funds or
					 securities owned by or pledged with the credit union "commensurate with risks
					 involved," within the meaning of Section
					 14409 of
					 the Financial Code, if all of the following conditions are met:
(a) NCUA Approval. The bond form or insurance
				  policy has been approved in writing by the National Credit Union
				  Administration.
(b) Additional
				  Requirements. The bond form or insurance policy also:
(1) Provides coverage for loss of, or damage
				  to, any property caused by the fraud or dishonesty of the individual or through
				  the individual's failure to faithfully perform his or her trust.
(2) Contains a requirement that the issuer of
				  the bond or insurance policy give the Commissioner at least thirty (30) days
				  written notice prior to the termination of the bond or insurance in its
				  entirety.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.105 - Bylaws: Submission to Commissioner. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
					 without regulatory effect renumbering former section
					 910 to new section
					 30.105 filed 8-19-97 pursuant to
					 section 100, title 1, California Code of
					 Regulations (Register 97, No. 34).
2. Repealer and new section filed
					 2-27-2003; operative 3-29-2003 (Register 2003, No. 9).
3. Repealer
					 filed 3-27-2018; operative 4-1-2018 pursuant to Government Code section
					 11343.4(b)(3)
					 (Register 2018, No. 13).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Section
						14103,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.106 - Unclaimed Funds. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
					 without regulatory effect renumbering former section
					 911 to new section
					 30.106 filed 8-19-97 pursuant to
					 section 100, title 1, California Code of
					 Regulations (Register 97, No. 34).
2. Repealer filed 2-27-2003;
					 operative 3-29-2003 (Register 2003, No. 9).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Sections
						14204,
						14453 and
						14700,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.107 - Criminal Actions: Report to Commissioner

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A credit union shall immediately report in writing to the
					 Commissioner any criminal action filed against such credit union or its
					 directors, officers, committeemen, management personnel or
					 employees.
1. Change
					 without regulatory effect renumbering and amending former section
					 912 to new section
					 30.107 filed 8-19-97 pursuant to
					 section 100, title 1, California Code of
					 Regulations (Register 97, No. 34).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Sections
						14155 and
						14205,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.108 - Report of Defalcation Required

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
It shall be the duty of a credit union to report promptly
					 to the Commissioner any actual or alleged defalcation, embezzlement or theft by
					 any director, officer, committeeman, management personnel or employee of such
					 credit union.
1. Change
					 without regulatory effect renumbering and amending former section
					 913 to new section
					 30.108 filed 8-19-97 pursuant to
					 section 100, title 1, California Code of
					 Regulations (Register 97, No. 34).
Note: Authority cited: Section
						14201,
						Financial Code. Reference: Sections
						14155 and
						14205,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 1 - General Provisions › Section 30.109 - Central Credit Unions: Groups of Employees of a Common Employer. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
					 without regulatory effect renumbering former section
					 914 to new section
					 30.109 filed 8-19-97 pursuant to
					 section 100, title 1, California Code of
					 Regulations (Register 97, No. 34).
2. Repealer filed 2-27-2003;
					 operative 3-29-2003 (Register 2003, No. 9).
Note: Authority cited: Sections
						14201 and
						15451,
						Financial Code. Reference: Section
						15451,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 30 - Credit Unions › Article 3 - Management › Section 30.300 - Investments

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Investments
				  made by a credit union pursuant to Sections
				  14652,
				  14653 and
				  14653.5 of
				  the Financial Code shall be subject to the following provisions:
(1) The board of directors of a credit union
				  shall adopt and review at least annually, and the credit union shall comply
				  with, a written investment policy which sets out the goals of the credit
				  union's investment portfolio with respect to the yield, maturity, liquidity and
				  diversification, and risk management for its investments.
(2) A credit union shall maintain documentary
				  evidence that its investments are authorized pursuant to Sections
				  14652,
				  14653 and
				  14653.5 of
				  the Financial Code and meet the requirements of this
				  Section.