California Unemployment Insurance Code

§ 1339.1

UIC § 1339.1 Effective Jan 1, 2022Div. 1 · Part 1 · Ch. 5 · Art. 3

Statute text

(a)(1) Notwithstanding this part, if unemployment compensation benefit payments are directly deposited to an account of the recipient’s choice, as authorized under the federal Electronic Fund Transfer Act (EFTA) (15 U.S.C. Sec. 1693 et seq.), the payments may only be deposited to an account that meets the requirements of a qualifying account, as defined in paragraph (2), for deposit of public assistance payments, including unemployment compensation benefits.

(2)For purposes of this section, a “qualifying account” is one of the following:

(A)A demand deposit or savings account at an insured depository financial institution that is offered directly by the insured depository financial institution on its internet website or through its branches and that is in the name of the person entitled to receipt of public assistance payments.

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Legislative history

Amended by Stats. 2021, Ch. 546, Sec. 2. (SB 497) Effective January 1, 2022.