§ 101 Federal Preemption Exemption

Financial Code·California

AI SummaryVerified

This law says that if a federal rule beats a part of the Financial Institutions Law, that part of the state law doesn't work at all.

Key Takeaways

•Federal rules are stronger than this state law.
•Only the parts of the state law that clash with federal law are ignored.
•If there's no conflict, the state law still works.

Example

A bank follows a new federal rule about how it must handle customer data, but the state law says something different.

Because the federal rule is stronger, the state rule is ignored and the bank only has to follow the federal rule.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 101 Federal Preemption Exemption

If and to the extent that any provision of the Financial Institutions Law is preempted by federal law, the provision does not apply and shall not be enforced. (Amended by Stats. 2013, Ch. 334, Sec. 6. (SB 537) Effective January 1, 2014.)

Last verified: January 10, 2026

Key Terms

Financial Institutions Law preempted by federal law Stats. 2013, Ch. 334, Sec. 6 (SB 537)

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 101.

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Example

Key Terms

Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

References