Fin. Code, § 582 · Article 3. Orders Against Licensees and Subject Persons
Fin. Code, § 582
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
If the commissioner finds that a subject institution’s books or records are so incomplete or inaccurate that the commissioner is unable through the normal supervisory process to determine the financial condition of the subject institution or the details or purpose of any transaction or transactions that may materially affect the financial condition of the subject institution, the commissioner may, without any prior notice or hearing, order the subject institution to do either of the following:
(a) Cease any activity or practice that gave rise, in whole or in part, to the incomplete or inaccurate state of the books or records.
(b) Take affirmative action to restore the books or records to a complete and accurate state.
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=582.
- Text hash
- sha256 544e92934891247b1fcf66ca8e8b069cd66d5c5994fb23387e9de17587a43051
- 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
Cited by 3 provisions
Provisions in this library whose text cites Fin. Code, § 582. Each shows the citation as that text prints it.
Financial Code
- Fin. Code, § 552Printed as Section 567, 581, 582, 586, or 591
- Fin. Code, § 553Printed as Section 580, 581, 582, 585, 586, or 587
- Fin. Code, § 583Printed as Sections 329, 567, 580, 581, 582, 585, 586, 587, 2148, 14303, 14304, 14305, 14307, 14308, 14309, 14310, 16200.5, 16900.5, 18349.5, 18356, 18357, 18358, 18359, 18363, 18367, and 18415.3
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.