California Financial Code

§ 17416

FIN § 17416Div. 6 · Ch. 3

Statute text

Whenever in the opinion of the commissioner any person, except as named in Section 17006, is engaged, either actually or through subterfuge, in the business of receiving escrows for deposit or delivery as defined in this division, without a license from the commissioner the commissioner may order that person to desist and to refrain from engaging in that business. If, within 30 days after such an order is served, a request for a hearing is filed in writing and the hearing is not held within 60 days thereafter, the order is rescinded.

Legislative history

Amended by Stats. 1987, Ch. 564, Sec. 4.