CHAPTER 5.34
FINANCIAL INSTITUTIONS

SECTION:

5.34.010: Financial Institutions Defined

5.34.020: License Required

5.34.030: License Fee

5.34.040: Compliance With Statutes And Regulations

5.34.010: FINANCIAL INSTITUTIONS DEFINED:

"Financial institution" means any bank, credit union, savings and loan association, savings bank, industrial loan corporation or other institution that holds or receives deposits, savings, or share accounts, or issues depository accounts that are subject to withdrawal by check, draft, electronic means or otherwise. (1999 Code)

5.34.020: LICENSE REQUIRED:

It is unlawful for any person to operate or be engaged in the operation of a financial institution in the city without first obtaining a license as required in this chapter. (1999 Code)

5.34.030: LICENSE FEE:

The annual license fee for a financial institution shall be as specified on the fee schedule adopted pursuant to section 5.06.050 of this title. (1999 Code)