(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.
(Added by Stats. 2015, Ch. 750, Sec. 1. (AB 1292) Effective January 1, 2016.)
For purposes of this division, the following terms shall have the following meanings:
(a) “Department” means the Department of Financial Protection and Innovation.
(b) “Program” means the Bank on California Program.
(Amended by Stats. 2022, Ch. 16, Sec. 5. (SB 577) Effective April 28, 2022.)