Cal. Code Regs. tit. 10 § 80.4115

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 80.4115 - Information Regarding Business Plan

Provide a business plan for the applicant which provides all of the following:

(a) Identification of the geographical area in the State of California where applicant proposes to serve.

(b) If applicant has or proposes to have branch offices outside of California, provide:

(1) The current number of branch offices of applicant located outside of California;

(2) The estimated number of branch offices of applicant outside of California as of the end of one year;

(c) Description of the services and products proposed to be offered by the applicant.

(d) Analysis of the need for the services and products proposed to be offered by the applicant.

(e) Description of competition in the proposed market of the applicant, including the name of each other business which provides to the proposed market of the applicant services and products that are similar to any of the principal services and products proposed to be provided by the applicant.

(f) Description of the applicant's plan for establishing its money transmission business and achieving a share of the money transmission business in the market areas identified in subdivisions (a) and (b) of this section.

(g) Analysis of the capital, financial, physical and human resources required by the applicant to successfully implement the proposed business plan.

(h) In case any material element of the business plan is based on an assumption, a statement of the assumption, and the justification for the assumption.

Cal. Code Regs. Tit. 10, § 80.4115

1. Amendment of section heading, repealer and new section, and amendment of NOTE filed 4-14-98; operative 5-14-98 (Register 98, No. 16).
2. Amendment of section and NOTE filed 8-11-2015; operative 10-1-2015 (Register 2015, No. 33).

Note: Authority cited: Sections 321, 334 and 2032, Financial Code. Reference: Section 2032, Financial Code.

1. Amendment of section heading, repealer and new section, and amendment of Note filed 4-14-98; operative 5-14-98 (Register 98, No. 16).
2. Amendment of section and Note filed 8-11-2015; operative 10/1/2015 (Register 2015, No. 33).