Cal. FIN § 1387
This is the official text of Cal. FIN § 1387, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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