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Can you summarize Fin Code CACL Division 23?
Financial Code > BANK ON CALIFORNIA PROGRAM [80000. - 80001.]
Short Summary
The legal document establishes the Bank on California Program, which is a voluntary collaborative initiative aimed at assisting Californians in opening bank or credit union accounts and saving for the future. The program is administered by the Department of Financial Protection and Innovation. The document also requires the department to provide an annual summary of the program’s activities to the Senate Committee on Banking and Financial Institutions and the Assembly Committee on Banking and Finance. The summary must be submitted by August 30 of each year. Overall, the document outlines the purpose and establishment of the Bank on California Program and sets forth reporting requirements for the department.
Whom does it apply to?
The program applies to Californians who are interested in opening a bank or credit union account and saving for the future.
What does it govern?
The legal document governs the Bank on California Program.
What are exemptions?
No exemptions are mentioned in the document.
What are the Penalties?
No penalties are mentioned in the document.
Jurisdiction
California