Monthly Bulletin Errata
Volume 16, Issue 05 - November 2012 Errata
Banks Must Submit Lists of Offices by December 31
The lead item in the Monthly Bulletin requested all commercial banks, industrial banks and trust companies to file a report pursuant to Financial Code section 1107. Please note that section was recodified as of January 1, 2012 to section 1077. Also, to clarify, this requirement pertains only to banks, industrial banks and trust companies licensed by the California Department of Financial Institutions. Financial Code section 1077 does not apply to offices of foreign banks, money transmitters or other DFI license types. Nor does this requirement apply to banks, industrial banks or trust companies that are licensed by other state or federal agencies. DFI regrets any confusion this error may have caused.
Premium Finance Company AssessmentThe item regarding the premium finance company assessment in the November 2012 issue of the Monthly Bulletin incorrectly showed December 1, 2011 as the date that invoices were mailed and December 20, 2011 as the date invoices are due. Please note those dates should be December 1, 2012 and December 20, 2012. DFI regrets any confusion this error may have caused.
TEVEIA R. BARNES
Commissioner of Financial Institutions
Bulletin for Month ended
November 2012, issued pursuant
to Financial Code section 376