California Business and Professions Code

§ 11011

BPC § 11011 Effective Jun 29, 2024Div. 4 · Part 2 · Ch. 1 · Art. 2

Statute text

(a)The commissioner may by regulation prescribe filing fees in connection with applications to the Department of Real Estate pursuant to this chapter and if the commissioner determines that lower fees are sufficient to offset the costs and expenses incurred in the administration of this chapter, may prescribe filing fees by regulation that are lower than the fees specified in subdivision (b). The commissioner shall hold at least one hearing each calendar year to determine if lower fees than those specified in subdivision (b) should be prescribed. At this hearing, the department shall report on the financial status of the department, including the revenues, expenditures, and reserves as of the end of the previous fiscal year. The department shall post a hearing notice 15 days in advance of the hearing that includes the required information about the financial status of the department.

(b)The filing fee for an application for a public report to be issued under authority of this chapter shall be set at the amount prescribed below and shall not exceed the maximum specified for each subdivision or phase of a subdivision in which interests are to be offered for sale or lease:

(1)A notice of intention without a completed questionnaire: Three hundred dollars ($300), not to exceed three hundred ninety dollars ($390).

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Legislative history

Amended by Stats. 2024, Ch. 41, Sec. 15. (SB 164) Effective June 29, 2024. Conditionally inoperative as prescribed in the last paragraph.