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2011 California Code
Financial Code
DIVISION 1.1. BANKING [1000 - 1910]
ARTICLE 2. Disclosure of Delayed Availability Policy
Section 1424


CA Fin Code § 1424 (through 2012 Leg Sess) What's This?

The commissioner shall issue administrative regulations to define a reasonable time for permitting customers to draw on items received for deposit in the customer s account. It is the public policy of this state to provide retail banking customers with the right to withdraw against items deposited with any depository institution located in this state within a reasonable period of time.

(Added by Stats. 2011, Ch. 243, Sec. 3. Effective January 1, 2012.)

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