§ 104.602. Assessment.

(a) The provisions of Section 102.100 shall apply to foreign savings associations authorized to accept deposits in California except that the assessment shall be based upon the percentage of the foreign savings association's total assets that equals the percentage of the foreign savings association's deposits in its California offices compared to its total deposits, subject to a minimum assessment of $2500 per branch office for up to 10 offices.

(b) Any foreign savings association which is authorized to conduct the business of an association in California but is not authorized to accept deposits in California shall pay an annual assessment of $1000 to the Commissioner no later than July 1 of each year for the fiscal year commencing on that date for each office authorized pursuant to the provisions of this subchapter.

HISTORY

1. New section filed 7-1-87; operative 7-1-87 pursuant to Government Code Section 11346.2(d) (Register 87, No. 28).

Note

Note: Authority cited: Sections 8053 and 10012, Financial Code. Reference: Sections 8030 and 10012, Financial Code.