Section 2035.5 - Branch Office Instructions for Student Loan Servicers(a) A student loan servicer that seeks to engage in business at an additional location must submit an application for a branch office by submitting Form MU3, in accordance with the instructions of NMLS, for transmission to the Commissioner, at least ten days (10) before engaging in business at the location.(b) An applicant that intends to conduct business at the branch office under a fictitious business name not already approved by the Commissioner shall upload to NMLS a copy of the Fictitious Business Name Statement with the "filed stamp" from the county clerk's office, and may not use the name until the Commissioner approves the use of the name.(c) An applicant shall indicate the branch manager as a branch manager on the Form MU3 and submit to NMLS a Form MU2 for each branch manager.(d) Application, investigation, and fingerprinting fees payable under Financial Code sections 28112(b) and 20114(e), and fingerprinting fees payable under section 2034.5, and any other fees payable through NMLS, shall be paid by the applicant or licensee to NMLS, for transmission to the Commissioner. Any fees that cannot be paid through NMLS shall be sent directly to the Commissioner. Fees are not refundable.Cal. Code Regs. Tit. 10, § 2035.5
1. New section filed 3-28-2019; operative 3-28-2019 pursuant to Government Code section 11343.4(b)(3) (Register 2019, No. 13). Note: Authority cited: Section 28106, Financial Code. Reference: Sections 28106, 28110, 28112, 28114, 28116, 28118, 28128 and 28130, Financial Code.
1. New section filed 3-28-2019; operative 3/28/2019 pursuant to Government Code section 11343.4(b)(3) (Register 2019, No. 13).