{"code":"FIN","codeName":"Financial Code","section":"530","citation":"Fin. Code, § 530","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. FINANCIAL INSTITUTIONS [99. - 900.]","url":"https://blackletter.si/financial-code/division-1"},{"name":"CHAPTER 5.5. Nonsufficient Funds Fees [530. - 530.]","url":"https://blackletter.si/financial-code/division-1/chapter-5.5"}],"history":"Added by Stats. 2024, Ch. 509, Sec. 1.   (AB 2017)   Effective January 1, 2025.","effective":"2025-01-01","html":"<p>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 <a href=\"/fin/521\">521</a>, 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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/financial-code/nonsufficient-funds-fees-530","source":"California Legislative Information bulk export (pubinfo)"}