General Definitions
Known as the Savings Association Law
The act spans §§ 5000–10009 (387 sections).
Applied in 3 court decisions — leading case 7 Cal. App. 4th 1008 - Davis v. Superior Court (1992)
Most recently applied in Reyes v. Premier Home Funding, Inc. (June 2009)
Amended by Stats. 1990, Ch. 1118, Sec. 8.
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
(a) “Association” or “savings association” means a mutual or stock savings association, savings and loan association or savings bank subject to the provisions of this division, but excluding a federal association.
(b) “Federal association” means a savings and loan association or federal savings bank that is chartered by the Office of Thrift Supervision under Section 5 of the Home Owners’ Loan Act of 1933 (12 U.S.C. Sec. 1464), as amended.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.