DIVISION 2. SAVINGS ASSOCIATION LAW 5000-10009›CHAPTER 3. Corporate Administration 6000-6477›ARTICLE 5. Indemnity Bonds 6200-6204

§ 6201

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

Associations that employ collection agents, who for any reason are not covered by a bond required under Section 6200, shall provide for the bonding of each of those agents in an amount equal to at least twice the average monthly collection of the agent. The agents shall be required to make settlement with the association at least monthly.

(Added by Stats. 1983, Ch. 1091, Sec. 2.)

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California Financial Code

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