Fin. Code, § 553 · Article 1. General Provisions
Fin. Code, § 553
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
In addition to any other action or requirement the commissioner deems necessary or advisable, an order issued pursuant to Section 580, 581, 582, 585, 586, or 587 may require the person subject to the order to do any of the following:
(a) Make restitution or provide reimbursement, indemnification, or guarantee against loss, if the subject institution, subject person, or holding company was unjustly enriched by the action or violation or if the action or violation involved a reckless disregard for any provision of this division, of any regulation or order issued under this division, of any other applicable law, or of any agreement with the commissioner.
(b) Restrict the growth of the subject institution.
(c) Dispose of any loan or other asset.
(d) Correct violations of law.
(e) Employ qualified officers or employees, who may be subject to approval of the commissioner.
(f) Limit the activities or functions of the subject institution, subject person, or holding company.
Notes and commentary — not statutory text
History
Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=553.
- Text hash
- sha256 a8ce473ffb8dfbdb44040ab3b2994c24fee9024fe098d4a7436372e5509cd5e7
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Financial Code
- Fin. Code, § 580Printed as Section 580, 581, 582, 585, 586, or 587
- Fin. Code, § 581Printed as Section 580, 581, 582, 585, 586, or 587
- Fin. Code, § 582Printed as Section 580, 581, 582, 585, 586, or 587
- Fin. Code, § 585Printed as Section 580, 581, 582, 585, 586, or 587
- Fin. Code, § 586Printed as Section 580, 581, 582, 585, 586, or 587
- Fin. Code, § 587Printed as Section 580, 581, 582, 585, 586, or 587
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.