Current through the 2024 Legislative Session.
Section 16101 - Provisions applicable to foreign (other state) credit union(a) The following provisions of this division apply to a foreign (other state) credit union that maintains a California branch office or California facility with respect to its business in this state as if the foreign (other state) credit union were a credit union organized under the laws of this state:(10) Section 14655, to the extent promissory notes of the type described in this section are carried on the books of a branch office of a foreign (other state) credit union.(11) Section 14656, to the extent promissory notes of the type described in this section are carried on the books of a branch office of a foreign (other state) credit union.(12) Article 8 (commencing with Section 14750) of Chapter 4.(13) Article 1 (commencing with Section 14850) of Chapter 6.(14) Article 1 (commencing with Section 14950) of Chapter 7.(15) Article 2 (commencing with Section 15001) of Chapter 7.(16) Article 3 (commencing with Section 15050) of Chapter 7, to the extent loans of the type described in that article are carried on the books of a branch office of a foreign (other state) credit union.(b) The laws of this state that are applicable to the activities, operations, and transactions of credit unions organized under the laws of this state, other than the laws in this division, similarly shall apply to the activities, operations, and transactions of a foreign (other state) credit union in this state. Those laws include, but are not limited to, consumer protection laws and laws relating to creditor rights and remedies, mortgages and deeds of trust, bank deposits and collections, and negotiable instruments.Added by Stats 2000 ch 612 (SB 1472), s 3, eff. 1/1/2000.