§ 1426 Commissioner Information Gathering

Financial Code·California

AI SummaryVerified

This law lets the commissioner collect information from banks and other financial institutions to help create new rules.

Key Takeaways

•The commissioner may request information from depository institutions.
•The information is needed to formulate and issue regulations required by Section 1424.
•This authority applies to all banks and similar financial entities.

Example

A local bank is asked to provide details about its loan portfolio so the state can draft new banking regulations.

The commissioner can request that data because the statute authorizes gathering information from depository institutions for rulemaking under Section 1424.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 1426 Commissioner Information Gathering

The commissioner is authorized to gather from depository institutions such information as may be necessary for the formulation and promulgation of the regulations required by Section 1424. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 11, 2026

Key Terms

commissioner depository institutions regulations Section 1424

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1426.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References