Form CORP-B35 Interim Bank Charter Application - Texas

What Is Form CORP-B35?

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

FAQ

Q: What is the Form CORP-B35?A: The Form CORP-B35 is the Interim Bank Charter Application used in the state of Texas.

Q: What is an Interim Bank Charter?A: An Interim Bank Charter is a temporary authorization granted to a bank to operate while its formal charter application is being processed.

Q: When do I need to submit the Form CORP-B35?A: You need to submit the Form CORP-B35 when applying for an Interim Bank Charter in Texas.

Q: What information is required in the Form CORP-B35?A: The Form CORP-B35 requires information such as the bank's name, proposed location, capitalization, and management team.

Q: Are there any fees associated with submitting the Form CORP-B35?A: Yes, there are fees associated with submitting the Form CORP-B35. The specific fee amount may vary.

Q: How long does it take to process the Interim Bank Charter application?A: The processing time for an Interim Bank Charter application can vary. It is best to check with the Texas Department of Banking for the current timeframe.

Q: What happens after the Interim Bank Charter is granted?A: After the Interim Bank Charter is granted, the bank can begin operating under certain restrictions until its full charter application is approved.

Q: What if my Interim Bank Charter application is denied?A: If your Interim Bank Charter application is denied, you may have the option to appeal the decision or reapply with additional information.

Q: Can I operate as a bank without an Interim Bank Charter?A: No, you cannot operate as a bank without an Interim Bank Charter or a full charter in Texas.