California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 1 - Applications and Hearings: New Facilities, Branches, Changes of Location, Agencies, Conversions from a Federal to State Association, Changes of Name and Amendments of Articles of Incorporation › Section 103.105 - Change of Location

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
				  General. An application for a change of location of an existing facility shall
				  have no priority of decision, or area or time preemption.
An application for a change of location of an existing
					 facility may be accepted where both the old and new locations are within the
					 same area of preemption of a facility. An application for a change of location
					 of an existing facility will not ordinarily be accepted if the old location is
					 outside of and the new location is within the area of preemption of a
					 facility.
(b) Within Three
				  Years. An application for change of location of an existing principal office or
				  branch will not ordinarily be approved if the application is filed within three
				  years of the opening of the office proposed to be changed; however, the
				  foregoing limitation is not applicable to an initial change from a temporary to
				  a permanent location, nor to a change of location of an approved branch which
				  has not yet been opened.
(c) Change
				  of Location Outside Existing Area.
(1) For
				  the purposes of this subsection, the "existing area" of a facility shall be a
				  circle with a radius of one mile measured by a straight line from the existing
				  location of a facility if the facility is located within an SMSA, and a circle
				  with a radius of two miles measured by a straight line from the existing
				  location of a facility if the facility is located outside of an SMSA.
(2) A change of location of a facility to a
				  location outside its existing area will not be approved without a satisfactory
				  showing that the adequacy of service in the existing area will not be
				  significantly affected by the loss of the facility.
(3) An application for a change of location
				  of a facility to a location outside its existing area shall contain a
				  Neighborhood Impact Statement which shall describe:
(A) The characteristics of the facility's
				  existing area;
(B) The geographical
				  sources of the facility's deposits in the existing area and the geographical
				  distribution of mortgage loans in the existing area during the last three
				  years;
(C) How the existing area
				  will continue to be served after the change of location is
				  made.
(4) The
				  Neighborhood Impact Statement shall be available for public inspection and
				  copying at cost (the charge of which shall not exceed the cost to the
				  association) during regular business hours at such facility.
(5) An application for a change of location
				  of a facility to a location outside its existing area shall describe how the
				  association's affirmative loan marketing policies and programs and its
				  Community Reinvestment Act Statements would be changed or affected if the
				  change of location is approved.
(6)
				  A public hearing may be held for a change of location of a facility to a
				  location outside its existing area.