§ 1077 Bank Office Annual Report

Every bank has to send the commissioner a list of all its offices by January 1 each year, showing what kind of office each one is and its full address.

Key Takeaways

•Report is due on or before January 1 each year.
•All offices a bank runs must be listed.
•The list must say what type of office it is and give the full address.
•The report goes to the commissioner.

Example

Bank XYZ has a main branch, a loan office, and an ATM kiosk. By December 31, they send a paper to the state commissioner that lists each location, says whether it’s a branch, loan office, or kiosk, and includes the street address for each.

The law makes sure the state knows exactly where every bank office is and what it does, so the bank must report that information once a year before the new year starts.

On or before January 1 of each year, every bank shall file with the commissioner a list of all offices that are currently maintained and operated by the bank. The report shall designate the type of each office that is being maintained and operated, and the complete address of each office. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Every bank has to send the commissioner a list of all its offices by January 1 each year, showing what kind of office each one is and its full address.

Key Takeaways

•Report is due on or before January 1 each year.
•All offices a bank runs must be listed.
•The list must say what type of office it is and give the full address.
•The report goes to the commissioner.

Example

The law makes sure the state knows exactly where every bank office is and what it does, so the bank must report that information once a year before the new year starts.

Key Takeaways

Example

Key Terms

References

§ 1077 Bank Office Annual Report

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References