For purposes of determining the amount of the deposit of a depositor at the subject offices of a subject institution under Financial Code Section 1805(a)(4)(B), “deposit” shall be deemed to be the first deposit of such depositor at such offices. In case the first deposit is placed in separate deposit accounts, “deposit” includes all such deposit accounts, even if the deposit accounts are of different types, provided that all the deposit accounts are held by the depositor in the same right and capacity.

Note: Authority cited: Section 326, Financial Code. Reference: Section 1805, Financial Code.

History

1. Amendment filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).

2. Change without regulatory effect amending section heading, section and Note filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).