Cal. Fin. Code § 1387

Current through the 2023 Legislative Session.

Section 1387 - Considerations in determining whether to approve or deny application

In determining whether to approve or deny an application by a California state bank for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following:

(a) Whether the proposed agency arrangement is consistent with the safe and sound operation of the California state bank.

(b) Any other factors that the commissioner deems relevant.

Ca. Fin. Code § 1387

Added by Stats 2012 ch 243 (SB 664),s 3, eff. 1/1/2012.