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. 2Ch. 1Art. 4§ 5301 Savings Association Violation Referrals

§ 5301 Savings Association Violation Referrals

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

§ 5301 Savings Association Violation Referrals

Key Takeaways

  • •If a savings association breaks the rules, the commissioner can tell the Attorney General or local district attorney about it.
  • •The Attorney General or district attorney can then take the savings association to court, even without the commissioner telling them.
  • •The commissioner and their team can help in court if the Attorney General or district attorney asks for help.

Example

A savings association lies about how it uses customers' money.

The commissioner finds out and tells the Attorney General. The Attorney General can then take the savings association to court for breaking the rules.

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

Official Source
View on CA.gov

§ 5301 Savings Association Violation Referrals

(a) The commissioner may refer such evidence as is available concerning any violation of this division or of any regulation, order issued by the commissioner, or of any condition imposed in writing by the commissioner in connection with any grant of any application or request by the savings association or of a written agreement between the savings association and the commissioner to the Attorney General or to the district attorney of the county in which the violation occurred, who may, with or without such a referral, institute appropriate civil or criminal proceedings under this division. (b) The commissioner and his or her counsel, deputies, or assistants may, upon request of the Attorney General or district attorney, assist the Attorney General or district attorney in presenting law or facts at any trial in these proceedings. (Added by Stats. 1990, Ch. 1118, Sec. 11.)

Last verified: January 23, 2026

Key Terms

attorney generalagreementregulationtrialcommissionportassociationviolation

Related Statutes

  • § 5330 Civil Penalties Savings Associations
  • § 5204 Partial Contract Invalidity
  • § 5205.5 Financial Statement Accounting Standards
  • § 5303 False Association Records Fraud
  • § 5308 Fraudulent Loan Statements Penalty

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 5301.
View Official Source