Financial institutions and services: regulation.

(1) The Uniform Commercial Code–Bank Deposits and Collections, among other things, limits the time in which a customer, who receives a sufficient statement of account, as specified, from a bank regarding the payments of items for the customer's account, is able to assert a claim against the bank based on an unauthorized signature or alteration against the account. This bill would specify that a statement of account provides sufficient information if the item is described by item number, amount, and date of payment. (2) Existing law abolished the Department of Corporations, the Commissioner of Corporations, the Department of Financial Institutions, and the Commissioner of Financial Institutions and transferred the powers, duties, responsibilities, and functions of those entities and officers to the Department of Business Oversight and the Commissioner of Business Oversight. This bill would make technical, nonsubstantive changes to update references from these abolished entities and officers to the successor Department of Business Oversight and the Commissioner of Business Oversight. (3) Existing law reorganized the provisions of the Financial Code. This bill would make technical, nonsubstantive changes to update cross-references to the prior organization of the Financial Code to its current organization. (4) Existing law regulates telephonic sellers, as defined, and requires, among other things, a telephonic seller to, not less than 10 days prior to doing business in this state, register specific information with the Department of Justice. This bill would modify the definition of "telephonic seller" or "seller" to remove an outdated reference. (5) The Corporate Securities Law of 1968 authorizes the Commissioner of Business Oversight to enforce its provisions, including the power to issue an order for a violation of that law, and, under certain conditions, make claim for ancillary relief. This bill would make a technical, nonsubstantive change to include a cross-reference to a specific type of order issued by the commissioner within a procedure for a person to request a hearing regarding that order. The bill would also make a technical, nonsubstantive change to update a reference to the commissioner seeking administrative relief to instead refer to seeking ancillary relief. (6) Under federal law, the Office of Thrift Supervision merged with the Office of the Comptroller of the Currency. This bill would make technical, nonsubstantive changes to update references to the Office of Thrift Supervision to instead refer to the Office of the Comptroller of the Currency. (7) Existing law prohibits the Secretary of State from filing articles of incorporation setting forth a name in which "bank," "trust," "trustee," or related words appear, except as specified. This bill would remove a duplicate exception that does not prohibit the Secretary of State from filing these types of articles if a certificate of approval of the Commissioner of Business Oversight is attached to the articles.