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HomeFinancial CodeDiv. 1.1Ch. 20Art. 1§ 1758 Foreign Bank Reporting Requirements

§ 1758 Foreign Bank Reporting Requirements

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 1758 Foreign Bank Reporting Requirements

This law requires foreign banks that have an office in the state to file reports with the commissioner whenever the commissioner asks for them, and those reports must follow the format, content, signing, and verification rules the commissioner sets.

Key Takeaways

  • •Foreign banks with an office must file reports when the commissioner requires.
  • •Reports must be in the format, contain the information, and be signed and verified as the commissioner may order.
  • •The requirement applies to any foreign (other nation) bank licensed to maintain an office.

Example

A bank from another country that operates a branch in the state receives a notice from the regulator asking for a report on its loan portfolio.

The bank must prepare the report in the format the regulator specifies, include all required information, sign it as instructed, and verify it if the regulator demands verification, then submit it to the commissioner.

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

Official Source
View on CA.gov

§ 1758 Foreign Bank Reporting Requirements

(a) Each foreign (other nation) bank that is licensed to maintain an office shall file with the commissioner reports as and when the commissioner may, by regulation or order, require. (b) Each report filed with the commissioner under this chapter or under any regulation or order issued under this chapter shall be in the form, shall contain the information, shall be signed in the manner, and shall (if the commissioner so requires by regulation or order) be verified in the manner, that the commissioner may, by regulation or order, require. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 11, 2026

Key Terms

foreign (other nation) bankcommissionerregulation or orderreports

Related Statutes

  • § 1754 Office Class Change Rules
  • § 1755 Foreign Bank Application Fees
  • § 1756 Application Filing Requirements
  • § 1757 Foreign Bank Office Approval
  • § 1762 Foreign Bank Representative Office

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 1758.
View Official Source