California § 327. 327. (Added by Stats. 2011, Ch. 243, Sec. 2.)

California Statutes

§ 327. — 327. (Added by Stats. 2011, Ch. 243, Sec. 2.)

California § 327.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 1.DIVISION 1. FINANCIAL INSTITUTIONS

Ch. 3.CHAPTER 3. Department of Financial Protection and Innovation

Art. 2.ARTICLE 2. Commissioner of Financial Protection and Innovation

This text of California § 327. (327. (Added by Stats. 2011, Ch. 243, Sec. 2.)) 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 § 327. (2026).

Text

(a)The commissioner shall apply the Interagency Guidance on Nontraditional Mortgage Product Risks issued in September 2006 and the Statement on Subprime Mortgage Lending issued in June 2007 by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration to state-regulated financial institutions, including, but not limited to, privately insured, state-chartered credit unions.

(b)The commissioner may issue emergency and final regulations to clarify the application of this section as soon as possible.

(c)A bank or credit union to which the commissioner applies the documents described in subdivision (a) shall adopt and adhere to p

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(a)
The commissioner shall apply the Interagency Guidance on Nontraditional Mortgage Product Risks issued in September 2006 and the Statement on Subprime Mortgage Lending issued in June 2007 by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration to state-regulated financial institutions, including,
but not limited to, privately insured, state-chartered credit unions.
(b)
The commissioner may issue emergency and final regulations to clarify the application of this section as soon as possible.
(c)
A bank or credit union to which the commissioner applies the documents described in subdivision (a) shall adopt and adhere to policies and procedures that are reasonably intended to achieve the objectives set forth in those documents.