Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 1.1.: DIVISION 1.1. BANKING/Ch. 12.: CHAPTER 12. Deposits/Art. 2.: ARTICLE 2. Disclosure of Delayed Availability Policy/§ 1422.
California Statutes

§ 1422. — 1422. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1422.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.1.DIVISION 1.1. BANKING
Ch. 12.CHAPTER 12. Deposits
Art. 2.ARTICLE 2. Disclosure of Delayed Availability Policy

This text of California § 1422. (1422. (Added by Stats. 2011, Ch. 243, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Financial Code - FIN Code § 1422. (2026).

Text

For the purposes of computing the amount of interest or dividends payable with respect to an interest-bearing deposit account, a depository institution shall not delay beginning to compute interest on funds deposited by check or similar instrument to such an account beyond the date on which that depository institution receives provisional credit for the check or similar instrument. However, the payment of interest with respect to funds deposited by check or similar instrument which is returned unpaid shall not be required.

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Legislative History

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
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California § 1422., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1422..