California Financial Code

§ 5330

FIN § 5330 Effective Jan 1, 1997Div. 2 · Ch. 1 · Art. 6

Statute text

The commissioner may impose civil penalties on any savings association, and any institution-affiliated party as follows:

(a)Except as provided in subdivision (b) or in subdivisions (c) and (d), any savings association which, and any institution-affiliated party who, commits any of the following violations shall forfeit and pay a civil penalty of not more than five thousand dollars ($5,000) for each day during which the violation continues:

(1)Violation of any statute or regulation.

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Legislative history

Amended by Stats. 1996, Ch. 1064, Sec. 550. Effective January 1, 1997. Operative July 1, 1997.