California Financial Code

§ 50322

FIN § 50322 Effective Jan 1, 2023Div. 20 · Ch. 5

Statute text

If, after investigation, the commissioner has reasonable grounds to believe that any licensee is conducting or has conducted business in an unsafe or injurious manner, the commissioner shall, by written order addressed to the licensee, direct the discontinuance of the unsafe or injurious practices. The order shall be effective immediately, but shall not become final except in accordance with the provisions of Section 50323.

Legislative history

Amended by Stats. 2022, Ch. 188, Sec. 19. (AB 2433) Effective January 1, 2023.