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§ 103.801. Information to Be Included in Applications.

10 CA ADC § 103.801Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 2. Savings and Loan Commissioner (Refs & Annos)
Subchapter 3. Applications and Hearings
Article 8. Foreign Savings and Loan Association
10 CCR § 103.801
§ 103.801. Information to Be Included in Applications.
An application shall include the following information:
(a) Name of the applicant.
(b) Address and telephone number of the applicant's home office.
(c) Name, address and telephone number of person to be contact concerning the application.
(d) Summary of applicant's history, including but not limited to the date and place of organization or incorporation. Attach certified copies of applicant's articles of incorporation and bylaws, or other documents establishing applicant's existence and organization.
(e) A description of the applicant's business and corporate structure, including the name, location, and principal business of each majority-owned subsidiary and the amount invested in each subsidiary by the applicant.
(f) If the applicant is directly or indirectly controlled by a foreign holding company, include the total deposits of each financial institution directly or indirectly controlled by such foreign holding company, and indicate the states in which the home offices of each such financial institution is located.
(g) A business plan describing the applicant's proposed business activities in this state.
(h) The auditor's report for the applicant's most recent fiscal year, and comparative statements for the prior year.
(i) The name and title of the chief executive officer of applicant, the regional officer if more than one office will be established in California, and completed biographical and financial statements and fingerprint cards.
(j) The name, address, and principal occupation of each director of applicant, and completed biographical and financial statements for each.
(k) A copy of the most recent examination report prepared by the applicable Federal Home Loan Bank or the Federal Deposit Insurance Corporation, the last state examination report, any correspondence from the relevant regulator to the Board of Directors discussing each such report, and the Board's responses thereto.
(l) State whether any supervisory or regulatory agreement or order is currently in effect with respect to the applicant, and, if so, attach a copy of each.
(m) An opinion from the applicant's state regulatory agency which describes the conditions under which California savings associations may conduct business in such state.
(n) Any additional information required by these regulations or current instructions of the Commissioner.

Credits

Note: Authority cited: Sections 8053 and 10012, Financial Code. Reference: Section 10012, Financial Code.
History
1. New section filed 7-1-87; operative 7-1-87 pursuant to Government Code Section 11346.2(d) (Register 87, No. 28).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 103.801, 10 CA ADC § 103.801
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