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HomeFinancial CodeDiv. 7Ch. 7Art. 2§ 18506 Guaranty Corporation Membership Advertising

§ 18506 Guaranty Corporation Membership Advertising

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 18506 Guaranty Corporation Membership Advertising

Key Takeaways

  • •You can't say or show that a company is part of Guaranty Corporation if it's not.
  • •You can't say or show that a company's savings accounts are guaranteed if they're not.
  • •This applies to ads, signs, TV, radio, or anything else that people might see or hear.

Example

A bank puts up a sign saying 'Your savings are 100% guaranteed by Guaranty Corporation'.

If the bank isn't really part of Guaranty Corporation, this is breaking the law. They can't say their savings accounts are guaranteed if they're not.

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

Official Source
View on CA.gov

§ 18506 Guaranty Corporation Membership Advertising

No person shall advertise, print, display, publish, distribute, or broadcast, or cause or permit to be advertised, printed, displayed, published, distributed, or broadcast, in any manner any statement or representation with regard to its membership in Guaranty Corporation or that any of its thrift obligations are in any manner guaranteed. (Amended by Stats. 1989, Ch. 583, Sec. 3.)

Last verified: January 23, 2026

Key Terms

Guaranty Corporationthrift obligations

Related Statutes

  • § 18509 Guaranty Corporation Dissolution
  • § 18476 Member And Special Member Definitions
  • § 18490 Thrift Obligation Deficiency Payments
  • § 18491 Thrift Obligation Payment Limits
  • § 18493 Commissioner Enforcement Against Guaranty Corporat

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18506.
View Official Source