Form DBO-704 "Agreement to Comply With Regulations" - California

What Is Form DBO-704?

This is a legal form that was released by the California Department of Financial Protection and Innovation - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on October 1, 2017;
  • The latest edition provided by the California Department of Financial Protection and Innovation;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form DBO-704 by clicking the link below or browse more documents and templates provided by the California Department of Financial Protection and Innovation.

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Download Form DBO-704 "Agreement to Comply With Regulations" - California

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STATE OF CALIFORNIA – DEPARTMENT OF BUSINESS OVERSIGHT
AGREEMENT TO COMPLY WITH REGULATIONS
DBO-704 (Rev. 10-17)
__________________________________________(the "Corporation"), in consideration
(Name of Corporation)
of authorization being granted for
(Name of Bank)
to invest in the corporation under California Financial Code Section 1472, hereby agrees
with the Commissioner of Business Oversight of the State of California and his or her
successor from time to time in office (the "Commissioner") to comply with all applicable
provisions of the California Banking Regulations and of any order issued thereunder
(commencing with Section 10.19100).
The reference in the Agreement to the regulations set forth in the California Banking
Regulations includes such regulations as amended, whether before or after the date of
this Agreement, as well as any new regulations substituted for the regulations after the
date of this Agreement.
The obligations of the Corporation under this Agreement are unique, and the Corporation
acknowledges that money damages are not an adequate remedy for a violation of any
provision of this Agreement.
Therefore, the Commissioner may sue in equity for
specific performance on account of a violation of any provision of this Agreement by the
Corporation.
The waiver by the Commissioner of any failure of the Corporation to comply with this
Agreement shall not be deemed to be a waiver of any other failure of the Corporation to
comply.
This Agreement shall be governed by and construed in accordance with the laws of
the State of California.
Date:
_____________________________________________________
(Name of Corporation)
By____________________________________________
(Signature)
_____________________________________________________
(Name and Title)
STATE OF CALIFORNIA – DEPARTMENT OF BUSINESS OVERSIGHT
AGREEMENT TO COMPLY WITH REGULATIONS
DBO-704 (Rev. 10-17)
__________________________________________(the "Corporation"), in consideration
(Name of Corporation)
of authorization being granted for
(Name of Bank)
to invest in the corporation under California Financial Code Section 1472, hereby agrees
with the Commissioner of Business Oversight of the State of California and his or her
successor from time to time in office (the "Commissioner") to comply with all applicable
provisions of the California Banking Regulations and of any order issued thereunder
(commencing with Section 10.19100).
The reference in the Agreement to the regulations set forth in the California Banking
Regulations includes such regulations as amended, whether before or after the date of
this Agreement, as well as any new regulations substituted for the regulations after the
date of this Agreement.
The obligations of the Corporation under this Agreement are unique, and the Corporation
acknowledges that money damages are not an adequate remedy for a violation of any
provision of this Agreement.
Therefore, the Commissioner may sue in equity for
specific performance on account of a violation of any provision of this Agreement by the
Corporation.
The waiver by the Commissioner of any failure of the Corporation to comply with this
Agreement shall not be deemed to be a waiver of any other failure of the Corporation to
comply.
This Agreement shall be governed by and construed in accordance with the laws of
the State of California.
Date:
_____________________________________________________
(Name of Corporation)
By____________________________________________
(Signature)
_____________________________________________________
(Name and Title)
STATE OF CALIFORNIA – DEPARTMENT OF BUSINESS OVERSIGHT
AGREEMENT TO COMPLY WITH REGULATIONS
DBO-704 (Rev. 10-17) Page 2 of 2
INSTRUCTIONS
A. General
Form 704 is to be used pursuant to Section 10.19102 of the Regulations of the
Commissioner of Business Oversight.
B. Contents
The blanks in Form 704 shall be completed as indicated in the Form.
C. Signature
Form 704 shall be signed in the name of the Corporation by an officer of the Corporation.
The signature of the Corporation shall be acknowledged. (See Section 5.3004 of the
Regulations of the Commissioner of Business Oversight.)
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