§ 16507 Regulator Information Sharing Authority

Financial Code·California

AI SummaryVerified

This rule lets the commissioner give information to U.S. and foreign regulators about credit unions that are based in other countries.

Key Takeaways

•The commissioner can share info about foreign credit unions.
•Sharing can be with U.S. federal regulators or the regulators in the credit union's home country.
•This power started on Jan 1 2001.

Example

A credit union in Canada is being checked by the Canadian regulator, and the U.S. regulator also wants to know some details about it.

The commissioner can send the requested information to both the U.S. regulator and the Canadian regulator, because the law says they are allowed to share it.

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

Official Source

View on CA.gov

§ 16507 Regulator Information Sharing Authority

In administering the provisions of this chapter, the commissioner may share information with federal and home country regulators of foreign (other nation) credit unions. (Added by Stats. 2000, Ch. 612, Sec. 4. Effective January 1, 2001.)

Last verified: January 11, 2026

Key Terms

commissioner share information federal and home country regulators foreign (other nation) credit unions

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 16507.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References