§ 1393 Bank Agency Application Fee

Financial Code·California

AI SummaryVerified

This law says that if a California state bank wants to work as an agent for another bank, they have to pay a $250 fee when they apply.

Key Takeaways

•Banks in California must pay a fee to work as agents for other banks.
•The fee is $250 when they apply.
•This rule has been in place since 2012.

Example

A small bank in California wants to help a bigger bank by doing some of their work, like handling money or paperwork.

Before they can start helping, they have to fill out an application and pay $250 to the state.

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

Official Source

View on CA.gov

§ 1393 Bank Agency Application Fee

An application by a California state bank for approval to engage in authorized agency activities as agent for an insured depository institution 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 authorized agency activities insured depository institution filing fee two hundred fifty dollars ($250)

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1393.

Key Takeaways

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Key Terms

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Key Takeaways

Example

Key Terms

Related Statutes

References