California Financial Code

§ 6201

FIN § 6201Div. 2 · Ch. 3 · Art. 5

Statute text

Associations that employ collection agents, who for any reason are not covered by a bond required under Section 6200, shall provide for the bonding of each of those agents in an amount equal to at least twice the average monthly collection of the agent. The agents shall be required to make settlement with the association at least monthly.

Legislative history

Added by Stats. 1983, Ch. 1091, Sec. 2.