§ 16633 Contract Execution Requirements

• •Banks and credit unions must make three copies of certain contracts.
• •One copy of each contract must be given to the Treasurer.
• •The Treasurer sends that copy to the Controller.

You take out a loan from a credit union to buy a car.

The credit union must make three copies of your loan contract. They keep some copies, and one copy must be sent to the Treasurer, who then gives it to the Controller.