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California Codes > Financial Code > Division 10 > Chapter 2 – Deferred Deposit Transactions

§ 23035 (a) A licensee may defer the deposit of a customer’s personal …
§ 23036 (a) A fee for a deferred deposit transaction shall not exceed 15 …
§ 23037 In no case shall a licensee do any of the following:(a) Accept …
§ 23038 (a) Any person who violates any provision of Section 987 of …
§ 23035 (a) A licensee may defer the deposit of a customer’s personal …
§ 23036 (a) A fee for a deferred deposit transaction shall not exceed 15 …
§ 23037 In no case shall a licensee do any of the following:(a) Accept …
§ 23038 (a) Any person who violates any provision of Section 987 of …

Terms Used In California Codes > Financial Code > Division 10 > Chapter 2

  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • board: means any entity listed in Section 101, the entities referred to in Sections 1000 and 3600, the State Bar, the Bureau of Real Estate, and any other state agency that issues a license, certificate, or registration authorizing a person to engage in a business or profession. See California Education Code 17352
  • Bonds: as used in this chapter means the written evidence of any obligation incurred by the board payable out of revenues as provided in this chapter in order to secure funds with which to carry out the purposes of this chapter irrespective of the form of such obligation whether in the form of bonds, notes, debentures, interest bearing certificates or other forms prescribed by the board. See California Government Code 26399
  • City: includes "city and county" and "incorporated town" but does not include "unincorporated town" or "village. See California Education Code 19429
  • Commissioner: means the Commissioner of Business Oversight. See California Health and Safety Code 114157
  • County: includes city and county. See California Education Code 19428
  • Deferred deposit originator: means a person who offers, originates, or makes a deferred deposit transaction. See California Health and Safety Code 114157
  • Deferred deposit transaction: means a transaction whereby a person defers depositing a customer's personal check until a specific date, pursuant to a written agreement for a fee or other charge, as provided in Section 23035. See California Health and Safety Code 114157
  • Department: means the Department of Business Oversight. See California Health and Safety Code 114157
  • Department: means the Department of Food and Agriculture. See California Education Code 19959
  • Licensee: means any person who offers, originates, or makes a deferred deposit transaction, who arranges a deferred deposit transaction for a deferred deposit originator, who acts as an agent for a deferred deposit originator, or who assists a deferred deposit originator in the origination of a deferred deposit transaction. See California Health and Safety Code 114157
  • person: includes any individual, firm, partnership, general corporation, professional corporation, or limited liability partnership, as authorized by the Corporations Code. See California Government Code 26323
  • Person: means an individual, a corporation, a partnership, a limited liability company, a joint venture, an association, a joint stock company, a trust, an unincorporated organization, a government entity, or a political subdivision of a government entity. See California Health and Safety Code 114157
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Revenue: as used in this chapter shall mean all fees, rates, charges, rentals or other income and revenue actually received or receivable by or for the account of the board from the operation of any particular project including without limiting the generality of the foregoing interest allowed on any moneys or securities and any proceeds derived from the sale of any securities and any consideration in any way derived from the particular project owned, operated or maintained by the board. See California Government Code 26400
  • Secretary: means the Secretary of Food and Agriculture. See California Education Code 19961
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC
  • Writing: includes any form of recorded message capable of comprehension by ordinary visual means. See California Education Code 18535

California Codes > Financial Code > Division 10 > Chapter 2 – Deferred Deposit Transactions

§ 23035 (a) A licensee may defer the deposit of a customer’s personal …
§ 23036 (a) A fee for a deferred deposit transaction shall not exceed 15 …
§ 23037 In no case shall a licensee do any of the following:(a) Accept …
§ 23038 (a) Any person who violates any provision of Section 987 of …
§ 23035 (a) A licensee may defer the deposit of a customer’s personal …
§ 23036 (a) A fee for a deferred deposit transaction shall not exceed 15 …
§ 23037 In no case shall a licensee do any of the following:(a) Accept …
§ 23038 (a) Any person who violates any provision of Section 987 of …

Terms Used In California Codes > Financial Code > Division 10 > Chapter 2

  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • board: means any entity listed in Section 101, the entities referred to in Sections 1000 and 3600, the State Bar, the Bureau of Real Estate, and any other state agency that issues a license, certificate, or registration authorizing a person to engage in a business or profession. See California Education Code 17352
  • Bonds: as used in this chapter means the written evidence of any obligation incurred by the board payable out of revenues as provided in this chapter in order to secure funds with which to carry out the purposes of this chapter irrespective of the form of such obligation whether in the form of bonds, notes, debentures, interest bearing certificates or other forms prescribed by the board. See California Government Code 26399
  • Commissioner: means the Commissioner of Business Oversight. See California Health and Safety Code 114157
  • County: includes city and county. See California Education Code 19428
  • Deferred deposit originator: means a person who offers, originates, or makes a deferred deposit transaction. See California Health and Safety Code 114157
  • Deferred deposit transaction: means a transaction whereby a person defers depositing a customer's personal check until a specific date, pursuant to a written agreement for a fee or other charge, as provided in Section 23035. See California Health and Safety Code 114157
  • Department: means the Department of Business Oversight. See California Health and Safety Code 114157
  • Docket: A log containing brief entries of court proceedings.
  • Licensee: means any person who offers, originates, or makes a deferred deposit transaction, who arranges a deferred deposit transaction for a deferred deposit originator, who acts as an agent for a deferred deposit originator, or who assists a deferred deposit originator in the origination of a deferred deposit transaction. See California Health and Safety Code 114157
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • person: includes any individual, firm, partnership, general corporation, professional corporation, or limited liability partnership, as authorized by the Corporations Code. See California Government Code 26323
  • Person: means an individual, a corporation, a partnership, a limited liability company, a joint venture, an association, a joint stock company, a trust, an unincorporated organization, a government entity, or a political subdivision of a government entity. See California Health and Safety Code 114157
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Revenue: as used in this chapter shall mean all fees, rates, charges, rentals or other income and revenue actually received or receivable by or for the account of the board from the operation of any particular project including without limiting the generality of the foregoing interest allowed on any moneys or securities and any proceeds derived from the sale of any securities and any consideration in any way derived from the particular project owned, operated or maintained by the board. See California Government Code 26400
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC
  • Writing: includes any form of recorded message capable of comprehension by ordinary visual means. See California Education Code 18535