Statute · California Financial Code
Cal. Fin. Code § 6701 — Contracts for Savings Programs
Cal. Fin. Code § 6701
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
An association may contract with any employer, as follows:
Citator
Cal. Fin. Code § 6701 — Contracts for Savings Programs is in force in the current edition of the Code, and nothing recorded condemns it.
An association may contract with any employer, as follows:
(a) With respect to the solicitation, collection, and receipt of savings by payroll deduction to be credited to a designated account or accounts of its employees who voluntarily elect to participate.
(b) With respect to the direct deposit of wages or salary paid to the account of the employee by electronic or other medium upon authorization in writing by the employee and designation of the association as the recipient of the deposits.