Form DBO-EL 336 Subordination Agreement - California

Form DBO-EL336 or the "Subordination Agreement" is a form issued by the California Department of Business Oversight.

Download a PDF version of the Form DBO-EL336 down below or find it on the California Department of Business Oversight Forms website.

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STATE OF CALIFORNIA –DEPARTMENT OF BUSINESS OVERSIGHT
SUBORDINATION AGREEMENT
DBO-EL 336 (Rev 5-17)
(1)
The undersigned, payee (s) on a promissory note dated___________________ (2), in the
amount of $____________________(3), payable by______________________________(4),
hereby agree and consent that said note shall be subordinated to all other claims of
creditors of the obligor on said note. This subordination agreement will terminate
on________________________________(5), and will not be rescinded or amended
without a thirty (30) day prior written notice to the Commissioner of Business Oversight.
Attached is a photocopy of the signed promissory note in support of this agreement.
Date:_________________________
___________________________________
Payee
___________________________________
Payee
___________________________________
Payee
(1)
Name and address of escrow company
(2)
Date
(3)
Amount
(4)
Name of escrow company (obligor)
(5)
Not less than one year (We recommend at least 2 years or more to avoid
renewal of subordination agreement to establish liquid position.)
If promissory note previously submitted, delete last paragraph.
STATE OF CALIFORNIA –DEPARTMENT OF BUSINESS OVERSIGHT
SUBORDINATION AGREEMENT
DBO-EL 336 (Rev 5-17)
(1)
The undersigned, payee (s) on a promissory note dated___________________ (2), in the
amount of $____________________(3), payable by______________________________(4),
hereby agree and consent that said note shall be subordinated to all other claims of
creditors of the obligor on said note. This subordination agreement will terminate
on________________________________(5), and will not be rescinded or amended
without a thirty (30) day prior written notice to the Commissioner of Business Oversight.
Attached is a photocopy of the signed promissory note in support of this agreement.
Date:_________________________
___________________________________
Payee
___________________________________
Payee
___________________________________
Payee
(1)
Name and address of escrow company
(2)
Date
(3)
Amount
(4)
Name of escrow company (obligor)
(5)
Not less than one year (We recommend at least 2 years or more to avoid
renewal of subordination agreement to establish liquid position.)
If promissory note previously submitted, delete last paragraph.
STATE OF CALIFORNIA –DEPARTMENT OF BUSINESS OVERSIGHT
SUBORDINATION AGREEMENT
DBO-EL 336 (Rev 5-17)
DBO’s Privacy Notice on Collection
DBO Collects and Uses Personal Information: The DBO collects the information
requested on this form as authorized by the California Financial Code section 17210. The
DBO uses this information to make a determination that an applicant or a licensee meets the
tangible net worth and liquidity requirements. Use of the personal Information DBO collects
is subject to limitations contained in the Information Practices Act of 1977 and other
applicable state and federal laws.
Providing Personal Information Is Voluntary: You do not have to provide the personal
information requested. If you do not want to provide personal information, such as your
name, home address or home telephone number, you may remain anonymous. However,
we may not be able to contact you or help resolve your issue.
When providing information or documents, please do not include unrequested personal
information such as a Social Security number, driver’s license number, or financial
information.
DBO May Disclose Your Personal Information: We may share your personal information
with other federal, state or local law enforcement agencies or a self-regulatory organization
as authorized by
law.
Your personal information may also be disclosed:
 In response to a Public Records Act request, as allowed by the Information Practices
Act.
 To another governmental agency as required by state or federal law.
 In response to a court order or administrative order, a subpoena or a search warrant.
Your Access to Your Personal Information: You may review the records maintained by
DBO that contain your personal information. To request access, contact: DBO Privacy
Officer, 1515 K Street, Sacramento, CA 95814, (866) 275-2677.

Download Form DBO-EL 336 Subordination Agreement - California

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