1. (a) Not less than one business day before establishing a place of business, 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 place of business. Such application shall contain the following information:

   1. (1) Identify the place of business.
   2. (2) State the date on which the applicant proposes to establish the place of business.

2. (b) An applicant may establish a place of business on or after the date on which the certificate of authority authorizing such applicant to establish and maintain such place of business is issued. However, such certificate of authority shall expire on the earlier of the following dates unless the applicant shall have established the place of business on or before such date:

   1. (1) Date on which the Commissioner's approval of the application for authority to establish the place of business expires pursuant to Section 10.9203 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 544, 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).