§ 1386 Bank Agency Application Fee

Financial Code·California

AI SummaryVerified

This law says a California state bank must pay a $250 filing fee when it applies for permission to let an insured depository institution act as its agent for approved agency activities.

Key Takeaways

•A state bank must file an application to get approval for an agency relationship.
•The application must be accompanied by a $250 filing fee.
•The rule applies only to California state banks and insured depository institutions doing authorized agency activities.

Example

A California state bank wants a local credit union to handle some of its banking services as an agent.

The bank must send an application to the regulator and include a $250 filing fee for the request to be approved.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 1386 Bank Agency Application Fee

An application by a California state bank for approval to have an insured depository institution engage in authorized agency activities as its agent shall be accompanied by a filing fee of two hundred fifty dollars ($250). (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 11, 2026

Key Terms

California state bank filing fee authorized agency activities insured depository institution

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1386.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References