Statute · California Financial Code
Cal. Fin. Code § 530 — Nonsufficient Funds Fees
Cal. Fin. Code § 530
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2025-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A bank or credit union subject to the examination authority of the commissioner shall not charge a consumer a nonsufficient funds fee, as defined in Section 521, when the consumer’s attempt to initiate a transaction is declined instantaneously or near instantaneously by the bank or credit union…
Citator
Cal. Fin. Code § 530 — Nonsufficient Funds Fees is in force in the current edition of the Code, and nothing recorded condemns it.
A bank or credit union subject to the examination authority of the commissioner shall not charge a consumer a nonsufficient funds fee, as defined in Section 521, when the consumer’s attempt to initiate a transaction is declined instantaneously or near instantaneously by the bank or credit union due to nonsufficient funds.