§ 8036 Savings Association Fund Deposits

Financial Code·California

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Key Takeaways

•Money collected by the commissioner from savings associations goes to the State Treasurer.
•This money is put into a special account called the Savings and Loan Account.
•The money does not include funds from associations already under the commissioner's control.

Example

A savings association pays fees to the commissioner for operating in the state.

Instead of keeping the money, the commissioner sends it to the State Treasurer to be stored in the Savings and Loan Account.

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

Official Source

View on CA.gov

§ 8036 Savings Association Fund Deposits

All money collected or received by the commissioner under this division or any other law relating to savings associations or the savings association business, except money belonging to associations whose business property and assets are in the possession of the commissioner, shall be deposited with the State Treasurer to the credit of the Savings and Loan Account in the Financial Institutions Fund. (Amended by Stats. 1996, Ch. 1064, Sec. 564. Effective January 1, 1997. Operative July 1, 1997.)

Last verified: January 23, 2026

Key Terms

possession commission property state treasurer loan account financial institutions fund operative july association

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 8036.

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References

Key Takeaways

Example

Key Terms

Related Statutes

References