§ 16602. — 16602. (Added by Stats. 2000, Ch. 612, Sec. 4.)

California § 16602.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 5.: DIVISION 5. CREDIT UNIONS
• Ch. 12.: CHAPTER 12. Foreign (Other Nation) Credit Unions
• Art. 6.: ARTICLE 6. Conduct of Credit Union Business

Text

(a)
The following provisions of this code apply to a foreign (other nation) credit union that maintains a branch office or agency with respect to its business in this state as if the foreign (other nation) credit union were a credit union organized under the laws of this state:
(1)
Section 14203.
(2)
Section 14204.
(3)
Section 14208.
(4)
Section 14210.
(5)
Section 14256.
(6)
Section 14409.
(7)
Section 14409.2.
(8)
Section 14602.
(9)
Section 14652.5.
(10)
Section 14655, to the extent promissory notes of the type described in this section are carried on the books of a branch office of a foreign (other nation) credit union.
(11)
Section 14656, to the extent promissory notes of the type described in this section are carried on the books of a branch office of a foreign (other nation) credit union.
(12)
Article 8 (commencing with Section 14750) of Chapter 4.
(13)
Section 14800.
(14)
Section 14802.
(15)
Section 14803.
(16)
Section 14807.
(17)
Section 14808.
(18)
Section 14809.
(19)
Article 1 (commencing with Section 14850) of Chapter 6.
(20)
Article 1 (commencing with Section 14950) of Chapter 7.
(21)
Article 2 (commencing with Section 15001) of Chapter 7.
(22)
Article 3 (commencing with Section 15050) of Chapter 7, to the extent loans of the type described in that article are carried on the books of a branch office of a foreign (other nation) credit union.
(23)
Section 15102.
(b)
In addition to the laws specified in subdivision (a), the laws of this state applicable to transactions between a credit union organized under the laws of this state and its members and creditors shall similarly apply to the transactions of a foreign (other nation) credit union in this state. These laws include, but are not limited to, consumer protection laws and laws relating to creditor rights and remedies, commercial transactions, mortgages and deeds of trust, bank deposits and collections, and negotiable instruments.

Legislative History

Added by Stats. 2000, Ch. 612, Sec. 4. Effective January 1, 2001.