§ 106.200. Definitions.

(a) “Depository savings institution” means the savings and loan association or savings bank that maintains the account into which the item is deposited.

(b) “Item” shall mean “check” as defined in 12 CFR 229.2(k), effective September 1, 1988.

(c) “Non-transaction account” means a savings deposit which includes a regular account, an automatic transfer account, a money market deposit account (MMDA), or any other savings deposit account as descried in 12 CFR 204.2(d) as amended April 1, 1986 (51 FR 9634).

(d) “Regulation CC” means regulations adopted by the Board of Governors of the Federal Reserve System, Part 229 of Title 12 of the Code of Federal Regulations (12 CFR 229 et seq.) as directed in the Expedited Funds Availability Act (Title VI of Pub. L. 100-86, enacted on August 10, 1987). All references in this Article to Regulation CC shall mean that regulation and all commentary and footnotes thereto effective beginning September 1, 1988.

(e) “Transaction account” means a demand deposit account, a negotiable order of withdrawal (NOW), and any other deposit or account as described in 12 CFR 204.2(e) as amended April 1, 1986 (51 FR 9634-9635).

HISTORY

1. Change without regulatory effect renumbering former Section 247 to Section 106.200 (Register 87, No. 14). For prior history, see Register 84, No. 38.

2. Repealer and new section filed 10-12-88 as an emergency; operative 10-12-88 (Register 88, No. 43). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 2-9-89.

3. Certificate of Compliance including amendment of subsections (b), (c) and (e) transmitted to OAL 2-10-89 and filed 3-8-89 (Register 89, No. 11).

Note

Note: Authority cited: Sections 866.5, 866.6 and 8053, Financial Code. Reference: Sections 866.5 and 866.6, Financial Code; and Section 4213, California Uniform Commercial Code.