LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeFinancial CodeDiv. 1Ch. 5Art. 1§ 501 Extra Examination Fees

§ 501 Extra Examination Fees

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

§ 501 Extra Examination Fees

Key Takeaways

  • •The boss in charge of banks can check a bank extra times if they think it's needed.
  • •The bank has to pay for these extra checks, and the boss decides how much.
  • •If the bank checker has to travel out of state, the bank pays for their trip too.

Example

A bank in California is having money problems, so the boss sends extra people to check it out.

The bank has to pay for the extra checks and any travel costs if the checkers go out of state.

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

Official Source
View on CA.gov

§ 501 Extra Examination Fees

(a) Whenever, in the judgment of the commissioner, it is necessary or advisable to make an extra examination of or to devote any extraordinary attention to any bank, any foreign bank, or any office of a foreign bank, the commissioner has the authority to do so and to charge and collect from the bank or foreign bank, in the case of an extra examination, a fee for the examination, as determined by the commissioner. In determining the fee, the commissioner may use the estimated average hourly cost, including, but not limited to, overhead, for all persons performing the examination. (b) Whenever in the judgment of the commissioner it is necessary or expedient for any examiner engaged in any examination to travel outside this state, the commissioner may charge for the travel expenses of the examiner. (Amended by Stats. 2025, Ch. 20, Sec. 8. (AB 137) Effective June 30, 2025.)

Last verified: January 23, 2026

Key Terms

judgmentexaminationcommissioninspectionthe californiaeffective juneattentionauthority

Related Statutes

  • § 50330 Commissioner Delegation Authority
  • § 4928 Bank Conversion Certification Authority
  • § 500 Foreign Bank Examination Authority
  • § 503 Bank Audit Requirements
  • § 50304 Commissioner Rulemaking Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 501.
View Official Source