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
(b) There is hereby established within the department the Bank on
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.