Section 8054 Of Article 3. General Supervisory Powers And Duties Of Commissioner From California Financial Code >> Division 2. >> Chapter 7. >> Article 3.
8054
. (a) Notwithstanding any other provision of law, whenever by
statute or regulation there is extended to federal associations doing
business in this state any right, power, privilege, or duty not
authorized for state associations, the commissioner may by regulation
extend to state associations that right, power, privilege, or duty.
(b) Any regulation adopted under this section shall expire at 12
p.m. on December 31 of the year following the calendar year in which
it is promulgated.
(c) For the purposes of Chapter 3.5 (commencing with Section
11340) of Part 1 of Division 3 of Title 2 of the Government Code
regulations adopted under this section are subject only to the
provisions of Sections 11343.4, 11346.1, and 11349.6 of the
Government Code.
(d) The provisions of this section shall not apply to any federal
statute or regulation promulgated prior to January 1, 1984.