California Financial Code

§ 50306

FIN § 50306 Effective Jan 1, 1999Div. 20 · Ch. 5

Statute text

The commissioner may order a licensee that opens a branch office in this state or changes its business location or its locations from which activities subject to this law are conducted, without first notifying the commissioner in writing, as required by Section 50124, to forfeit to the people of the state up to one hundred dollars ($100) each day for the first 10 days and ten dollars ($10) for each day thereafter during which the branch office or changed location is maintained without notifying the commissioner.

Legislative history

Amended by Stats. 1998, Ch. 178, Sec. 3. Effective January 1, 1999.