1. (a) Not less than two business days before the license for a subject office is to be issued, the applicant shall file with the Commissioner an application for the issuance of such license. Such application shall contain the following information:

   1. (1) Identify the subject office.
   2. (2) State the date on which the applicant proposes to establish the subject office.

2. (b) An applicant may establish a subject office on or after the date on which the license for such subject office is issued. However, such license shall expire on the earlier of the following dates unless the applicant shall have established the subject office on or before such date:

   1. (1) Date on which the Commissioner's approval of the application for approval to establish the branch office expires pursuant to Section 10.14186 of this Chapter.
   2. (2) Thirtieth day after the date of the issuance of the license.

Note: Authority cited: Section 215, Financial Code. Reference: Section 1753, Financial Code.

History

1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).