Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 2.: DIVISION 2. SAVINGS ASSOCIATION LAW/Ch. 5.: CHAPTER 5. Savings Operations/Art. 2.: ARTICLE 2. Savings Accounts/§ 6653.
California Statutes

§ 6653. — 6653. (Added by Stats. 1983, Ch. 1091, Sec. 2.)

California § 6653.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 2.DIVISION 2. SAVINGS ASSOCIATION LAW
Ch. 5.CHAPTER 5. Savings Operations
Art. 2.ARTICLE 2. Savings Accounts

This text of California § 6653. (6653. (Added by Stats. 1983, Ch. 1091, 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 § 6653. (2026).

Text

(a)No association shall, directly or indirectly, for the opening or increasing of any savings account, give, sell, dispose of, or permit the giving, selling, or disposition of, for any one opening or increase anything having a cost or value in excess of the amount authorized by the commissioner by regulation.
(b)Notwithstanding subdivision (a) the commissioner is authorized to impose by regulation restrictions on associations, relating to the distribution and advertising of giveaways, equivalent to those imposed on federal associations doing business in this state.

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

Legislative History

Added by Stats. 1983, Ch. 1091, Sec. 2.

Nearby Sections

2
§ 6653.
6653. (Added by Stats. 1983, Ch. 1091, Sec. 2.)
§ 6653.5.
6653.5. (Added by Stats. 1990, Ch. 1118, Sec. 37.)
View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)
California § 6653., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/6653..