Instructions for Form DFPI-502 Trust Company Consolidated Report of Condition - California

Form DFPI-502 Trust Company Consolidated Report of Condition - California

This document contains official instructions for Form DFPI-502 , Trust Company Consolidated Report of Condition - a form released and collected by the California Department of Financial Protection and Innovation. An up-to-date fillable Form DFPI-502 is available for download through this link.

FAQ

Q: What is Form DFPI-502?
A: Form DFPI-502 is the Trust Company Consolidated Report of Condition for California.

Q: Who needs to file Form DFPI-502?
A: Trust companies in California are required to file Form DFPI-502.

Q: What is the purpose of Form DFPI-502?
A: The purpose of Form DFPI-502 is to collect financial information about trust companies in California.

Q: When is Form DFPI-502 due?
A: Form DFPI-502 is due annually, within 90 days of the end of the trust company's fiscal year.

Q: Are there any penalties for not filing Form DFPI-502?
A: Yes, there may be penalties for not filing Form DFPI-502 or for filing it late. It's important to comply with the filing deadline.

Q: What information is required on Form DFPI-502?
A: Form DFPI-502 requires trust companies to provide information about their assets, liabilities, income, and expenses, among other financial details.

Q: Are there any exemptions from filing Form DFPI-502?
A: There may be exemptions for certain trust companies. It's best to consult the instructions or contact the DFPI for more information.

Q: Is there a fee for filing Form DFPI-502?
A: Yes, there is a fee associated with filing Form DFPI-502. The fee amount can be found in the instructions for the form.