Cal. Fin. Code § 1424

Current through the 2023 Legislative Session.
Section 1424 - Regulations to defined reasonable time for permitting customers to draw on items received for deposit in customer's account

The commissioner shall issue administrative regulations to define a reasonable time for permitting customers to draw on items received for deposit in the customer's account. It is the public policy of this state to provide retail banking customers with the right to withdraw against items deposited with any depository institution located in this state within a reasonable period of time.

Ca. Fin. Code § 1424

Added by Stats 2012 ch 243 (SB 664),s 3, eff. 1/1/2012.