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Cal. Fin. Code § 8050

General Supervisory Powers and Duties of Commissioner

Known as the Savings Association Law

The act spans §§ 5000–10009 (387 sections).

Amended by Stats. 1990, Ch. 1118, Sec. 46.7.

(a) The commissioner shall have general supervision over all (1) associations, (2) savings and loan holding companies, (3) service corporations, (4) finance subsidiaries, and (5) other persons that are subject to the provisions of this division.

(b) The commissioner shall enforce the purposes of this division by use of the powers conferred by it and by an action in any court of competent jurisdiction if required.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.