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HomeFinancial CodeDiv. 1Ch. 3Art. 5§ 400 Financial Institutions Fund

§ 400 Financial Institutions Fund

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

§ 400 Financial Institutions Fund

Key Takeaways

  • •There is a special fund called the Financial Institutions Fund in the state's money bank.
  • •Most of the money collected by the commissioner under this law goes into this fund.
  • •This rule started on January 1, 2012.

Example

When a bank pays a fee to the state for its license.

That fee money goes into the Financial Institutions Fund instead of somewhere else.

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

Official Source
View on CA.gov

§ 400 Financial Institutions Fund

As of the operative date of this section, there is established a Financial Institutions Fund in the State Treasury. Except as otherwise provided in Division 5 (commencing with Section 14000), all money collected or received by the commissioner under this code shall be deposited with the Treasurer to the credit of the Financial Institutions Fund. (Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)

Last verified: January 23, 2026

Key Terms

commissionerfinancial institutions fundstarting januarystate treasury

Related Statutes

  • § 14381 Credit Union Advisory Committee
  • § 14384 Credit Union Advisory Rules
  • § 18265 Loan Maturity Limits
  • § 18266.2 Industrial Loan Company Authorization
  • § 18266.3 Business Plan Approval Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 400.
View Official Source