Cal. Fin. Code § 6517

Current through the 2023 Legislative Session.

Section 6517 - Transfer of funds between savings account holders and third parties

Subject to Regulation E ( 12 CFR Part 205 ) and to rules and regulations of the commissioner, an association may transfer funds between holders of savings accounts, and third parties, or their designees, by means of an electronic funds transfer system. No system or any part of it, including terminals or processing centers, shall of itself be considered a branch office or agency.

Ca. Fin. Code § 6517

Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.