Bill Text: CA AB2304 | 2019-2020 | Regular Session | Introduced

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Bill Title: Department of Business Oversight: document charges.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-02-24 - Referred to Com. on B. & F. [AB2304 Detail]

Download: California-2019-AB2304-Introduced.html

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CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill

No. 2304

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Introduced by Assembly Member Chen

February 14, 2020

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An act to amend Section 374 of the Financial Code, relating to financial institutions.

LEGISLATIVE COUNSEL'S DIGEST

AB 2304, as introduced, Chen. Department of Business Oversight: document charges.

Existing law, the Financial Institutions Law, regulates the activities of various financial entities, including commercial banks, industrial banks, trust companies, credit unions, and savings associations. Existing law establishes the Department of Business Oversight, which is under the direction of the Commissioner of Business Oversight, and is responsible for the administration and enforcement of the Financial Institutions Law. Existing law authorizes the commissioner to charge 25 cents for each page copied when the department is required to furnish a copy of a filed paper, as prescribed.

This bill would, instead, permit the commissioner to charge a maximum of 10 cents for each page copied in the above circumstances.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

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Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Section 374 of the Financial Code is amended to read:

374.

 (a) Whenever it is necessary for the commissioner to approve any instrument and to affix his or her the commissioner’s official seal thereto, the commissioner shall charge a fee of twenty-five dollars ($25) therefor.

(b) Whenever it is proper for the department to furnish a copy of any paper that has been filed therein and to certify to the paper, the commissioner may only charge twenty-five cents ($0.25) up to ten cents ($0.10) for each page copied.

(c) Whenever the commissioner is required or requested to certify copies of documents, the commissioner may charge a fee of twenty-five dollars ($25) for certifying the copied documents and for affixing his or her the commissioner’s official seal.