Current through the 2024 Legislative Session.
Section 16602 - Provisions applicable(a) The following provisions of this code apply to a foreign (other nation) credit union that maintains a branch office or agency with respect to its business in this state as if the foreign (other nation) credit union were a credit union organized under the laws of this state:(10) Section 14655, to the extent promissory notes of the type described in this section are carried on the books of a branch office of a foreign (other nation) credit union.(11) Section 14656, to the extent promissory notes of the type described in this section are carried on the books of a branch office of a foreign (other nation) credit union.(12) Article 8 (commencing with Section 14750) of Chapter 4.(19) Article 1 (commencing with Section 14850) of Chapter 6.(20) Article 1 (commencing with Section 14950) of Chapter 7.(21) Article 2 (commencing with Section 15001) of Chapter 7.(22) Article 3 (commencing with Section 15050) of Chapter 7, to the extent loans of the type described in that article are carried on the books of a branch office of a foreign (other nation) credit union.(b) In addition to the laws specified in subdivision (a), the laws of this state applicable to transactions between a credit union organized under the laws of this state and its members and creditors shall similarly apply to the transactions of a foreign (other nation) credit union in this state. These laws include, but are not limited to, consumer protection laws and laws relating to creditor rights and remedies, commercial transactions, mortgages and deeds of trust, bank deposits and collections, and negotiable instruments.Added by Stats 2000 ch 612 (SB 1472), s 4, eff. 1/1/2000.