If, after investigation, the commissioner has reasonable grounds to believe that a licensee is conducting or has conducted business in an unsafe or injurious manner, the commissioner shall, by written order addressed to the licensee, direct the discontinuance of the unsafe or injurious practices. The order shall be effective immediately, but shall not become final except in accordance with the provisions of Section 28164.
Cal. Fin. Code § 28158
Enforcement
Known as the Student Loan Servicing Act
The act spans §§ 28100 to 28182 (47 sections).
Amended by Stats. 2022, Ch. 188, Sec. 16
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.