California Civil Code

§ 1799.300

CIV § 1799.300 Effective Jan 1, 2024Div. 3 · Title 1.90 · Part 4

Statute text

For purposes of this title, the following definitions apply:

(a)“Automated clearinghouse” means any federal reserve bank, or an organization established in agreement with the National Automated Clearing House Association, that operates as a clearinghouse for transmitting or receiving entries between banks or bank accounts and authorizes an electronic transfer of funds between these banks or bank accounts.

(b)(1) “Broker” means a person who is engaged in the business of performing any of the following acts in connection with commercial financing made by a provider:

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Legislative history

Added by Stats. 2023, Ch. 881, Sec. 1. (SB 666) Effective January 1, 2024.