Financial Code section 5102

(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.

Source: Section 5102, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=5102.­ (updated Jan. 1, 1990; accessed Jun. 16, 2025).

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Verified:
Jun. 16, 2025

§ 5102's source at ca​.gov