BlackletterCalifornia law

Financial Code § 530

CHAPTER 5.5. Nonsufficient Funds Fees

Current as of September 28, 2026Fin. Code, § 530Official source ↗

Added by Stats. 2024, Ch. 509, Sec. 1. (AB 2017) Effective January 1, 2025.

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.