Bill Text: CA SB1465 | 2021-2022 | Regular Session | Introduced

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Bill Title: Financial institutions.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-03-09 - Referred to Com. on RLS. [SB1465 Detail]

Download: California-2021-SB1465-Introduced.html

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CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

Senate Bill

No. 1465

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Introduced by Senator Allen

February 18, 2022

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An act to amend Section 378 of the Financial Code, relating to financial institutions.

LEGISLATIVE COUNSEL'S DIGEST

SB 1465, as introduced, Allen. Financial institutions.

Existing law, the Financial Institutions Law, requires the Commissioner of Financial Protection and Innovation to promptly advise the Attorney General whenever they are notified or discover a violation of the state law punishable by criminal penalties.

This bill would make a nonsubstantive change to this provision.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Section 378 of the Financial Code is amended to read:

378.

 Whenever the commissioner is notified of or discovers a violation of the state law punishable by criminal penalties, he or she they shall promptly advise the Attorney General.