14800.1
Effective Jan 1, 2013Added by Stats. 2012, Ch. 246, Sec. 1. (AB 2006) Effective January 1, 2013.
(a) Notwithstanding subdivision (b) of Section 14800 or Section 14750, a credit union may do all of the following:
- (1) Provide the services specified in paragraph (2) to a natural person within the field of membership, regardless of whether the person is admitted to membership, and charge a fee for the provision of those services, which fee shall not exceed the cost to provide those services.
(2)
- (A) Sell checks and other similar money transfer instruments, including international and domestic electronic fund transfers.
- (B) Cash checks and other similar money transfer instruments and receive international and domestic electronic fund transfers.
- (b) For purposes of this section, “checks” shall have the same meaning as set forth in subdivision (f) of Section 3104 of the Commercial Code.