Division 23. Bank On California Program of California Financial Code >> Division 23.

(a) The Legislature finds and declares that "Bank on California" is a voluntary collaborative initiative that assists Californians in opening a bank or credit union account and saving for the future.
  (b) There is hereby established within the department the Bank on California Program.

For purposes of this division, the following terms shall have the following meanings:
  (a) "Department" means the Department of Business Oversight.
  (b) "Program" means the Bank on California Program.

Commencing in 2016, the department shall provide the respective chairpersons of the Senate Committee on Banking and Financial Institutions and the Assembly Committee on Banking and Finance with a brief annual summary on the activities of the program. The summary shall be submitted no later than August 30 of each year.