§ 530
51 words·~1 min read·
/ca/financial-code/530A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.