Cal. Code Regs. tit. 10 § 10.7776

Current through Register 2025 Notice Reg. No. 2, January 10, 2025

Section 10.7776 - Notice

A subject institution shall give notice of the discontinuance of a branch office by posting for a period of not less than 30 days before the date of the discontinuance of the branch office on the premises of the branch office in conspicuous places visible from inside and outside such premises, or by serving not less than 30 days before the date of the discontinuance of the branch office on each customer of the branch office who maintains a deposit or fiduciary account at the branch office, who has an outstanding loan which was made at, and is carried on the books of, the branch office, or who maintains a safe deposit box at the branch office, a notice stating:

(a) That the branch office is proposed to be discontinued.

(b) Address of the office of the subject institution to which the business of the branch office is proposed to be transferred.

(c) Proposed date of the discontinuance of the branch office.

Cal. Code Regs. Tit. 10, § 10.7776

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 and new section filed 5-6-98; operative 6-5-98 (Register 98, No. 19).

Note: Authority cited: Section 215, Financial Code. Reference: Section 510, 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 and new section filed 5-6-98; operative 6-5-98 (Register 98, No. 19).