# Cal. FIN § 1380: Section 1380

> California · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C11_A1_S1380

## Section

- **Citation:** Cal. FIN § 1380
- **Heading:** Section 1380
- **Jurisdiction:** California
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** California Code / Code fin / Division 1.1 / Chapter 11 / Article 1 / Section 1380

## Text

In this chapter, unless the context otherwise requires:

(a) “Authorized agency activities” means receiving deposits, renewing time deposits, closing loans, servicing loans, and receiving payments on loans and other obligations. “Authorized agency activities” includes ministerial functions such as providing loan applications, assembling documents, providing a location for returning documents necessary for making a loan, providing loan account information, receiving payments, disbursing loan funds, evaluating loan applications, and other activities that the commissioner may specify by order or regulation. However, “authorized agency activities” does not include any other activities that the commissioner may specify by order or regulation.

(b) “Insured depository institution” means any bank, savings and loan association, savings association, savings bank, or industrial loan company the deposits of which are insured by the Federal Deposit Insurance Corporation. “Insured depository institution” includes any depository institution affiliate within the meaning of Section 18(r) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1828(r)).

## Nearby sections

- [Cal. FIN § 1380 Section 1380](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C11_A1_S1380.md)
- [Cal. FIN § 1381 Section 1381](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C11_A1_S1381.md)
- [Cal. FIN § 1382 Section 1382](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C11_A1_S1382.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C11_A1_S1380. Check the current official text before relying on it. Not legal advice.