California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 10 - Banks
Article 6 - California State Offices of Foreign (Other Nation) Banks
Subarticle 3 - Agencies and Branch Offices
Part 4 - Business and Operations-General
Subpart 4 - Notice of Non-Insurance
Section 10.14779 - Deposit Documents
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) A subject institution shall set forth conspicuously on the face side or facing page, as the case may be, of each signature card and any other contract for a deposit at its subject offices and of each passbook, certificate, or other document which evidences, or constitutes a receipt for, a deposit at its subject offices a notice stating, in substance, that such deposit is not insured by the Federal Deposit Insurance Corporation.
(b) Subdivision (a) of this Section shall not be deemed to require that a subject institution set forth on any negotiable certificate of deposit in the sum of $250,000 or more a notice that such deposit is not insured by the Federal Deposit Insurance Corporation, provided that such subject institution gives the depositor at or before the time when the deposit is made a written notice stating, in substance, that the deposit is not insured by the Federal Deposit Insurance Corporation.
1. New
subsection (b) filed 3-12-82; effective thirtieth day thereafter (Register 82,
No. 11).
2. Change without regulatory effect amending subsection (b)
and NOTE filed 8-21-2019 pursuant to section
100, title 1, California Code of
Regulations (Register 2019, No. 34).
Note: Authority cited: Section 326, Financial Code. Reference: Section 1808, Financial Code.
