California Financial Code

§ 14306

FIN § 14306 Effective Sep 20, 2002Div. 5 · Ch. 3 · Art. 3

Statute text

An order issued pursuant to Sections 14303 to 14305, inclusive, may include any of the following provisions:

(a)Require the subject institution or subject person to take affirmative action to correct any condition resulting from the action or violation, including any of the following actions:

(1)To make restitution or provide reimbursement, indemnification, or guarantee against loss, if the subject institution or subject person was unjustly enriched in connection with the action or violation or if the action or violation involved a reckless disregard for any provision of this division, any regulation or order issued under this division, any other applicable law, or any agreement with the commissioner.

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Legislative history

Added by Stats. 2002, Ch. 734, Sec. 28. Effective September 20, 2002.