Section 1421 Of Article 2. Disclosure Of Delayed Availability Policy From California Financial Code >> Division 1.1. >> Chapter 12. >> Article 2.
1421
. (a) Prior to opening a deposit account a depository
institution shall provide a written disclosure to the potential
customer of its general policy with respect to when a customer may
withdraw funds deposited by check or similar instrument into the
customer's deposit account.
(b) A depository institution shall furnish its customers
preprinted deposit slips, envelopes for automatic teller machine
deposits, or other individual notice bearing a conspicuous summary
statement of its general policy with respect to when a customer may
withdraw funds deposited by check or similar instrument into the
customer's deposit account; and, in the case of a particular deposit
by check or similar instrument into a deposit account for which funds
may not be immediately available for withdrawal, provide specific
notice of the time the customer may withdraw such funds.