Section 10.3163 - Information Regarding Proposed Premises, Furniture, and Equipment(a) State whether or not it is proposed that the subject institution purchase, lease, or construct any real property in addition to the real property required for its proposed head office, and, if so, describe such additional real property, state how such additional real property is proposed to be used, and, if such additional real property is proposed to be leased, sold, or otherwise transferred to any person, state the name of such person and describe the terms of such lease, sale, or transfer.(b) With respect to the premises where the head office of the subject institution is proposed to be located and any additional real property referred to in Subdivision (a) of this Section: (1) In case it is proposed that the whole or any part of such property be purchased by the subject institution, identify the property to be purchased, describe any arrangements which have been made for the subject institution to purchase the property, state the purchase price, identify the source of funds with which the purchase price is proposed to be paid, and, if any of the purchase price is proposed to be financed, state the amount to be financed.(2) In case it is proposed that the whole or any part of such property be leased by the subject institution, identify the property to be leased, describe any arrangements which have been made for the subject institution to lease the property, and summarize the terms of the proposed lease, including rent, commencement date, termination date, and options to renew or to purchase.(3) In case it is proposed that the whole or any part of such property be constructed, identify the property to be constructed, describe any arrangements which have been made for the property to be constructed, state the proposed completion date of construction, state the cost of construction, identify the source of funds with which the cost of construction is proposed to be paid, and, if any of the cost of construction is proposed to be financed, state the amount to be financed.(c) State the total amount which the subject institution proposes to invest in banking premises, additional real property, furniture, and equipment up to the end of the first year of business.(d) State whether or not any person to whom any payment is proposed to be made by the subject institution in connection with the purchase, lease, or construction of the premises where the head office of the subject institution is proposed to be located or any property referred to in Subdivision (a) or (b) of this Section is, or is a consociate of, any (1) proposed director, (2) proposed officer, (3) organizer, (4) proposed affiliate, or (5) proposed 25 percent (including consociates) equity security owner, of the subject institution, and, if so, identify such person, describe the terms of the transaction, state the amount to be paid, state the cost of such property to the person, and describe the circumstances under which the person acquired the property.(e) If it is proposed that the subject institution commence business with its head office in temporary quarters and later relocate its head office to permanent quarters, provide the information called for in Subdivisions (a) to (d), inclusive, of this Section with respect to the permanent quarters, and provide the following additional information: (1) State the address or vicinity of the temporary quarters and of the permanent quarters.(2) State the time at which it is proposed that the subject institution relocate the head office from the temporary quarters to the permanent quarters.(3) Provide the information called for in Subdivision (d) of this Section with respect to the temporary quarters.(4) State the estimated cost of the temporary quarters and of relocating the head office from the temporary quarters to the permanent quarters.Cal. Code Regs. Tit. 10, § 10.3163
1. Amendment of section and new NOTE filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).
2. Repealer of subsection (a), subsection relettering, and amendment of newly designated subsections (b), (d), (e) and (e)(3) filed 4-14-98; operative 5-14-98 (Register 98, No. 16). Note: Authority cited: Section 215, Financial Code. Reference: Section 360, Financial Code.
1. Amendment of section and new Note filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).
2. Repealer of subsection (a), subsection relettering, and amendment of newly designated subsections (b), (d), (e) and (e)(3) filed 4-14-98; operative 5-14-98 (Register 98, No. 16).