SAN FRANCISCO - The Department of Financial Institutions on Oct.28, after determining that an "extraordinary situation exists" incounties in Southern California that have been proclaimed in stateof emergency by the Governor due to the raging wildfires there,authorized financial institutions located in the counties of LosAngeles, San Bernardino, San Diego, and Ventura to close any or allof their offices affected. Commissioner of Financial Institutions,Donald Meyer, pursuant to California Financial Code Section 3600said, "Any office or offices so closed shall remain closed untilthe Commissioner proclaims the extraordinary situation has ended oruntil such time as the officers of the financial institutiondetermine that one or more closed offices should reopen."Financials that need to relocate offices or set up temporaryoffices will be allowed to do so without observing the normalapplication procedures. The Commissioner has requested thatfinancial institutions that decide to do so to notify the DFI byphone, email, or fax. Meyer also urged financial institutions toreview their lending policies in order to grant appropriatelatitude to area residents affected by the fires "and to expeditethe extension of new credit to finance cleanup or rebuilding."Lastly, he requested that financial institutions in the affectedareas contact the appropriate Assistant Deputy Commissioner for anextension of time should an extension be needed to meet anyregulatory reporting requirement

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