§ 6517
62 words·~1 min read·
/ca/financial-code/6517A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subject to Regulation E (12 CFR Part 205) and to rules and regulations of the commissioner, an association may transfer funds between holders of savings accounts, and third parties, or their designees, by means of an electronic funds transfer system. No system or any part of it, including terminals or processing centers, shall of itself be considered a branch office or agency.