Financial Code section 530

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.

Source: Section 530, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=530.­ (updated Jan. 1, 2025; accessed Jun. 9, 2025).

530
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Verified:
Jun. 9, 2025

§ 530’s source at ca​.gov