California Financial Code

§ 28122

FIN § 28122 Effective Jan 1, 2019Div. 12.5 · Ch. 2 · Art. 2

Statute text

(a)The commissioner may deem an application for a license abandoned if the applicant fails to respond to any request for information required by the commissioner or department during an investigation of the application.

(b)The commissioner shall notify the applicant, in writing, that if the applicant fails to submit responsive information within 60 days from the date the commissioner sent the written request for information, the commissioner shall deem the application abandoned.

(c)An application fee paid prior to the date an application is deemed abandoned shall not be refunded. Abandonment of an application pursuant to this subdivision shall not preclude the applicant from submitting a new application and fee for a license.

Legislative history

Amended by Stats. 2018, Ch. 379, Sec. 11. (AB 38) Effective January 1, 2019.