This law explains what a branch office is for an association in California. It's a location, apart from the main office, where business can be conducted. The board of directors must authorize it, and the commissioner must approve it. Additionally, associations can also operate outside of California, but they need the commissioner's approval and must follow the laws of the state where they're doing business.

This California law explains what an agency of a savings association can do. Basically, it's a place, either fixed or mobile, where a savings association can conduct certain business outside of its main office, as long as these activities are specified by the board of directors and okayed by the commissioner. The agency can carry out special tasks as instructed by the main or branch offices, again needing the commissioner's approval. However, the agency is limited to only those activities and functions that are allowed by this division or the commissioner's regulations.

An association needs to get written approval from the commissioner to have a branch office or agency, but they can set up temporary agencies for specific transactions or special short-term purposes without needing approval.

If a person or company wants to open a new branch office or agency, they need to apply with certain information. The application should include the location of the new branch or agency, what activities will take place there, and any other details the commissioner requests to make a decision. Additionally, the application must come with a filing fee and a budget plan showing current and projected expenses related to running the new branch or agency.

When an application to open a new branch office is complete, the commissioner has to notify each association about this application. The notice must include the name of the association and the city or community where the new branch will be located.

Before a branch office application is approved, a hearing could be held by the commissioner. If one is scheduled, the applicant will be given at least 10 days' notice. Anyone interested can attend the hearing either personally or with an agent or attorney to argue against the application's approval, following the commissioner's rules.

This law outlines the process for approving applications for new branch offices or agencies. When an application is submitted, the commissioner will review it and may hold a hearing. They will check two main things: whether the applicant's policies, finances, and operations raise any concerns, and if the branch will open soon after getting approval. If both criteria are satisfied, the application is approved; if not, it's denied.

This law states that if an existing association acquires a branch office or agency through a merger, consolidation, conversion, or asset transfer, the usual application requirements for branch offices or agencies don't apply to them.

This law allows the commissioner to create rules and regulations for branch offices and agencies that are governed by this article.