Instructions for Form DBO-1004 Local Agency Security Program Collateral Transfer - California

Form DBO-1004 Collateral Transfer - Local Agency Security Program - California

This document contains official instructions for Form DBO-1004 , Local Agency Security Program Collateral Transfer - a form released and collected by the California Department of Financial Protection and Innovation. An up-to-date fillable Form DBO-1004 is available for download through this link.

FAQ

Q: What is the purpose of Form DBO-1004?A: Form DBO-1004 is used for local agencysecurity programcollateral transfer in California.

Q: What is a local agency security program?A: A local agency security program is a program established by a local agency to secure the collateral pledged in connection with public deposits.

Q: What is a collateral transfer?A: A collateral transfer refers to the movement of pledged collateral from one institution to another.

Q: Who needs to complete Form DBO-1004?A: Local agencies in California that transfer collateral in a local agency security program need to complete Form DBO-1004.

Q: Are there any fees associated with submitting Form DBO-1004?A: There may be fees associated with submitting Form DBO-1004. Please refer to the fee schedule provided by the California Department of Business Oversight.

Q: What information is required on Form DBO-1004?A: Form DBO-1004 requires information such as the name and contact information of both the transferring and receiving institutions, a description of the collateral being transferred, and the reason for the transfer.

Q: Are there any supporting documents that need to be included with Form DBO-1004?A: Yes, supporting documents such as a copy of the collateral pledge agreement may need to be included with Form DBO-1004.

Q: Is there a deadline for submitting Form DBO-1004?A: There may be a deadline for submitting Form DBO-1004. Please refer to the instructions provided by the California Department of Business Oversight.