Cal. Code Regs. tit. 10 § 10.4465

Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 10.4465 - Report Regarding Differences from Application
(a) Not less than five business days before commencing business, a subject institution shall file with the Commissioner a report signed by an officer of such subject institution, stating whether or not the subject institution is or is to be different in any material respect from what was proposed in the application for approval to convert into the subject institution, as approved by the Commissioner, and, if so, describing such difference.
(b) As an administrative standard, if the Commissioner finds that a subject institution is or is to be different in any material respect from what was proposed in the application for approval to convert into such subject institution and that, if such difference had existed at the time when the Commissioner decided the application for approval to convert into the subject institution, he would have denied the application, the Commissioner will not issue a certificate of authority to the subject institution.

Cal. Code Regs. Tit. 10, § 10.4465

1. Change without regulatory effect amending section and adding new NOTE filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
2. Amendment of subsection (a) and NOTE filed 4-14-98; operative 5-14-98 (Register 98, No. 16).

Note: Authority cited: Section 4831, Financial Code. Reference: Sections 4832, 4835, 4941, 4944, 4945 and 4948, Financial Code.

1. Change without regulatory effect amending section and adding new Note filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
2. Amendment of subsection (a) and Note filed 4-14-98; operative 5-14-98 (Register 98, No. 16).