California Business and Professions Code

§ 21642.5

BPC § 21642.5 Effective Sep 29, 2016Div. 8 · Ch. 9 · Art. 4

Statute text

(a)The Department of Justice shall require each applicant for an initial license under Section 21641 of this code or Section 21300 of the Financial Code and each applicant for renewal of a license under Section 21642 of this code or Section 21301 of the Financial Code to pay a fee not to exceed three hundred dollars ($300), but in no event exceeding the costs described in subdivision (b), except that the fee may be increased at a rate not to exceed any increase in the California Consumer Price Index as compiled and reported by the Department of Industrial Relations.

(b)The fees assessed pursuant to subdivision (a) shall be no more than necessary to cover the reasonable regulatory costs to the department of doing all of the following:

(1)Processing initial license applications under Section 21641 of this code and Section 21300 of the Financial Code.

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Legislative history

Amended by Stats. 2016, Ch. 793, Sec. 8. (AB 1751) Effective September 29, 2016.