1. (a) Not less than one business day before relocating a branch office, an applicant shall file with the Commissioner an application for the issuance of a certificate of authority authorizing such applicant to establish and maintain such branch office--new site. Such application shall contain the following information:

   1. (1) Identify the branch office, giving both the address of the old site and the proposed address of the new site.
   2. (2) State the date on which the applicant proposes to relocate the branch office.

2. (b) An applicant may relocate a branch office on or after the date on which the certificate of authority authorizing such applicant to establish and maintain such branch office--new site is issued. However, such certificate of authority shall expire on the earlier of the following dates unless the applicant shall have relocated the branch office on or before such date:

   1. (1) Date on which the Commissioner's approval of the application for approval to relocate the branch office expires pursuant to Section 10.7528 of this Chapter.
   2. (2) Thirtieth day after the date of the issuance of the certificate of authority.

Note: Authority cited: Section 215, Financial Code. Reference: Section 507, Financial Code.

History

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).