Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
In determining whether to approve or deny an application by a California state bank for approval to engage in authorized agency activities as agent for an insured depository institution, the commissioner shall consider both of the following factors:
(a)Whether the proposed agency arrangement is consistent with the safe and sound operation of the California state bank.
(b)Any other factors that the commissioner deems relevant.
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