ARTICLE 2. Disclosure of Delayed Availability Policy [1420. - 1429.]

Article 2 added by Stats. 2011, Ch. 243, Sec. 3.

§§ 1420–1429 · 10 sections

• § 1420 As used in this article: (a) “Depository institution” means any of the following: (1) Any insured bank as defined in Section 3 of the Federal Deposit Insurance…
• § 1421 (a) Prior to opening a deposit account a depository institution shall provide a written disclosure to the potential customer of its general policy with respect…
• § 1422 For the purposes of computing the amount of interest or dividends payable with respect to an interest-bearing deposit account, a depository institution shall…
• § 1423 Except as otherwise provided in this section, any depository institution which fails to comply with any requirement imposed pursuant to this article shall be…
• § 1424 The commissioner shall issue administrative regulations to define a reasonable time for permitting customers to draw on items received for deposit in the…
• § 1425 Pursuant to Section 1424, the commissioner shall promulgate regulations which shall be reviewed annually to establish a reasonable period of time within which…
• § 1426 The commissioner is authorized to gather from depository institutions such information as may be necessary for the formulation and promulgation of the…
• § 1427 The first regulations issued pursuant to this article shall be issued on or before July 1, 1984.
• § 1428 The commissioner is authorized to issue regulations which provide for a different period of time for withdrawal as a matter of right against deposited items,…
• § 1429 (a) Funds deposited in an account at a depository institution shall be available on the second business day after the business day on which those funds are…