§ 530

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

A bank or credit union subject to the examination authority of the commissioner shall not charge a consumer a nonsufficient funds fee, as defined in Section 521, when the consumer’s attempt to initiate a transaction is declined instantaneously or near instantaneously by the bank or credit union due to nonsufficient funds.

(Added by Stats. 2024, Ch. 509, Sec. 1. (AB 2017) Effective January 1, 2025.)

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California Financial Code

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