Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 10 - BanksArticle 6 - California State Offices of Foreign (Other Nation) BanksSubarticle 3 - Agencies and Branch OfficesPart 4 - Business and Operations-General
Subpart 3 - Credit Balances
Section 10.14753 - Withdrawal

Cal. Code Regs. tit. 10 § 10.14753

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 10.14753 - Withdrawal

No subject institution shall cause or permit a customer to withdraw funds from a credit balance at a subject office by means of a draft, check, or similar instrument for the transmission of money except for the purpose of transferring such funds to a deposit account of such customer.

Cal. Code Regs. Tit. 10, § 10.14753

Note: Authority cited: Section 215, Financial Code. Reference: Section 1755, Financial Code.