Application For A License To Establish A Branch Office {DFPI-EL 302}

DFPI-EL 302 - APPLICATION FOR A LICENSE TO ESTABLISH A BRANCH OFFICE.This form is an application submitted to the California Department of Financial Protection and Innovation (DFPI) by a corporation seeking a license to establish a branch office under the Escrow Law. It is required when an escrow agent, joint control agent, or internet escrow agent wishes to open an additional office location. The application must be accompanied by a filing fee of $425.00 for each office or location AND an investigation fee of $100.00 (Section 17207, Financial Code). The application ensures compliance with California's Financial Code Section 17213.5, which mandates specific financial, managerial, and operational requirements for escrow businesses. The form requires details about the applicant, including the principal office address, existing licensed locations, officers, directors, stockholders, and the proposed branch manager. It also requires submission of supporting documentation, such as financial statements, surety and fidelity bonds, background checks, and identity verification for key personnel. The applicant must declare under penalty of perjury that the provided information is accurate. Note: Prior to the issuance of the license, the Department of Financial Protection and Innovation must be notified in writing by Escrow Agents’ Fidelity Corporation (EAFC) that the membership fee required for the branch location has been made pursuant to Section 17320(a) of the Financial Code, unless the applicant is not required to become a member of EAFC pursuant to FC Section 17312(a). All materials submitted in connection with the application will be considered public information unless confidential treatment is requested pursuant to Section 250.10, Title 10, California Code of Regulations, and the confidential treatment is confirmed in writing by this Department. www.FormsWorkflow.com