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hearing is filed in writing within 30 days and the hearing is not held within 60 days thereafter, the order is deemed rescinded as of its effective date.
Cal. Fin. Code § 23053
Administrative Actions
Known as the California Deferred Deposit Transaction Law
The act spans §§ 23000–23106 (62 sections).
Added by Stats. 2002, Ch. 777, Sec. 10
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.