California § 1425. 1425. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California Statutes

§ 1425. — 1425. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1425.

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 § 1425. (1425. (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 § 1425. (2026).

Text

Pursuant to Section 1424, the commissioner shall promulgate regulations which shall be reviewed annually to establish a reasonable period of time within which a depository institution must permit a customer to draw as a matter of right on an item which has been received for deposit in the customer’s account. In determining what constitutes a reasonable period of time the commissioner shall consider the following factors:

(a)The actual time for processing and transport between the depository and payer institutions.

(b)The fastest air transport time between depository and payer institutions to be used for purposes of setting the reasonable time for transport.

(c)The most expeditious route and means for processing of returned items.

Free access — add to your briefcase to read the full text and ask questions with AI

Pursuant to Section 1424, the commissioner shall promulgate regulations which shall be reviewed annually to establish a reasonable period of time within which a depository institution must permit a customer to draw as a matter of right on an item which has been received for deposit in the customer’s account.
In determining what constitutes a reasonable period of time the commissioner shall consider the following factors:
(a)
The actual time for processing and transport between the depository and payer institutions.
(b)
The fastest air transport time between depository and payer institutions to be used for purposes of setting the reasonable time for transport.
(c)
The most expeditious route and means for processing of returned items.