California Financial Code

§ 2149

FIN § 2149 Effective Jan 1, 2013Div. 1.2 · Ch. 8

Statute text

(a)The commissioner may issue an order suspending or revoking a license, or taking possession of and placing a licensee in receivership, if after notice and an opportunity for hearing, the commissioner finds that:

(1)The licensee is violating this division or a regulation adopted or an order issued under this division, or a condition of approval issued under this division.

(2)The licensee does not cooperate with an examination or investigation by the commissioner.

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Legislative history

Amended by Stats. 2012, Ch. 356, Sec. 25. (SB 979) Effective January 1, 2013.