Financial Code - FIN
DIVISION 10. CALIFORNIA DEFERRED DEPOSIT TRANSACTION LAW [23000 - 23106]
( Division 10 added by Stats. 2002, Ch. 777, Sec. 10. ) CHAPTER 3. Enforcement [23045 - 23106]
( Chapter 3 added by Stats. 2002, Ch. 777, Sec. 10. ) ARTICLE 1. Administrative Actions [23045 - 23058]
( Article 1 added by Stats. 2002, Ch. 777, Sec. 10. ) 23053.
The commissioner may by order summarily suspend or revoke the license of any licensee if that person fails to file the report required by Section 23026 within 10 days after notice by the commissioner that the report is due and not filed. If, after an order is made, a request for hearing is filed in writing within 30 days and the hearing is not held within 60 days thereafter, the order is deemed rescinded as of its effective date.
(Added by Stats. 2002, Ch. 777, Sec. 10. Effective January 1, 2003. Section operative on December 31, 2004, or sooner, pursuant to Section 23104.)