Form DFPI-EL326 Application for Authorization to Change Ownership - California

What Is Form DFPI-EL326?

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.

FAQ

Q: What is the Form DFPI-EL326?A: The Form DFPI-EL326 is an application for authorization to change ownership in California.

Q: Who needs to fill out the Form DFPI-EL326?A: Any individual or business seeking to change ownership of a regulated financial institution in California needs to fill out this form.

Q: What does the Form DFPI-EL326 do?A: The form allows the California Department of Financial Protection and Innovation (DFPI) to review and approve any proposed changes in the ownership of a regulated financial institution.

Q: Are there any fees associated with filing the Form DFPI-EL326?A: Yes, there are fees associated with filing the form. The exact fees depend on the type and size of the regulated financial institution.

Q: How long does it take to process the Form DFPI-EL326?A: The processing time for the form varies, but it generally takes several weeks to a few months for the DFPI to review and approve the application.

Q: What supporting documents are required with the Form DFPI-EL326?A: The form requires various supporting documents, such as financial statements, ownership structure, background information on the proposed new owners, and any relevant agreements or contracts.

Q: What happens after I submit the Form DFPI-EL326?A: After submitting the form, the DFPI will review the application and may request additional information or documentation. Once approved, the change in ownership can proceed.

Q: Can I withdraw my application after submitting the Form DFPI-EL326?A: Yes, you can withdraw your application by submitting a written request to the DFPI before the approval process is complete.