Form DBO-2118 Application for Approval to Acquire Control of Money Transmitter - California

What Is Form DBO-2118?

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 Form DBO-2118?
A: Form DBO-2118 is an application for approval to acquire control of a money transmitter in California.

Q: Who needs to file Form DBO-2118?
A: Anyone who wants to acquire control of a money transmitter in California needs to file Form DBO-2118.

Q: What is the purpose of Form DBO-2118?
A: The purpose of Form DBO-2118 is to seek approval from the California Department of Business Oversight (DBO) to acquire control of a money transmitter.

Q: Is Form DBO-2118 specific to California?
A: Yes, Form DBO-2118 is specific to the state of California.

Q: What information is required in Form DBO-2118?
A: Form DBO-2118 requires information about the applicant, details of the proposed acquisition, and other relevant financial and background information.

Q: How long does it take to process Form DBO-2118?
A: The processing time for Form DBO-2118 can vary, but it generally takes several weeks to several months.

Q: Is approval guaranteed after filing Form DBO-2118?
A: Approval is not guaranteed after filing Form DBO-2118. The DBO will review the application and make a decision based on several factors.

Q: What should I do if my Form DBO-2118 is denied?
A: If your Form DBO-2118 is denied, you may have the option to appeal the decision or provide additional information to address any concerns raised by the DBO.