CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 2304Introduced by Assembly Member ChenFebruary 14, 2020 An act to amend Section 374 of the Financial Code, relating to financial institutions. LEGISLATIVE COUNSEL'S DIGESTAB 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 Bill TextThe 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 commissioners 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 commissioners official seal.
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 2304Introduced by Assembly Member ChenFebruary 14, 2020 An act to amend Section 374 of the Financial Code, relating to financial institutions. LEGISLATIVE COUNSEL'S DIGESTAB 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
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION
Assembly Bill
No. 2304
Introduced by Assembly Member ChenFebruary 14, 2020
Introduced by Assembly Member Chen
February 14, 2020
An act to amend Section 374 of the Financial Code, relating to financial institutions.
LEGISLATIVE COUNSEL'S DIGEST
## 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.
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
## 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 commissioners 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 commissioners official seal.
The people of the State of California do enact as follows:
## 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 commissioners 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 commissioners official seal.
SECTION 1. Section 374 of the Financial Code is amended to read:
### SECTION 1.
374. (a) Whenever it is necessary for the commissioner to approve any instrument and to affix his or her the commissioners 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 commissioners official seal.
374. (a) Whenever it is necessary for the commissioner to approve any instrument and to affix his or her the commissioners 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 commissioners official seal.
374. (a) Whenever it is necessary for the commissioner to approve any instrument and to affix his or her the commissioners 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 commissioners official seal.
374. (a) Whenever it is necessary for the commissioner to approve any instrument and to affix his or her the commissioners 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 commissioners official seal.