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2009 California Financial Code - Section 33300-33302 :: Article 6. Fees And Assessments
FINANCIAL CODESECTION 33300-33302
33300. (a) Each fee for filing an application with the commissioner shall be paid at the time when such application is filed with the commissioner. (b) No fee for filing an application with the commissioner shall be refundable, regardless of whether such application is approved, denied, withdrawn, or abandoned. 33301. Fees shall be paid to, and collected by, the commissioner, as follows: (a) The fee for filing with the commissioner an application for a license shall be two thousand dollars ($2,000). (b) The fee for issuing a license shall be twenty-five dollars ($25). (c) Whenever the commissioner examines any licensee or any California agent of a licensee, that licensee shall pay, within 10 days after receipt of a statement from the commissioner, a fee of seventy-five dollars ($75) per hour for each examiner engaged in the examination plus, in case it is necessary for any examiner engaged in the examination to travel outside this state, the travel expenses of the examiner. 33302. In this section, "licensee" means any licensee, as defined in Section 33055, or any person licensed under Chapter 14A (commencing with Section 1851) of Division 1. The commissioner shall annually assess and collect from licensees on a pro rata basis an amount which is, in his or her judgment, sufficient to meet his or her expenses in administering the provisions of this division and of Chapter 14A (commencing with Section 1851) of Division 1 and to provide a reasonable reserve for contingencies. The amount of the annual assessment on any licensee shall not exceed the sum of the products determined by multiplying (a) increments of the aggregate face amount of payment instruments and travelers checks issued by the licensee and sold in this state by the licensee, directly or indirectly through agents, in the calendar year next preceding the date of such assessment, by (b) percentages of the base assessment rate, according to the following table: Aggregate face amount of payment instruments and Percentage traveler's checks sold of base (in millions) assessment rate First $1................. 100.0 Next $9....................... 25.0 Next $40...................... 12.5 Next $50...................... 6.0 Next $400..................... 3 Next $500..................... 2 Excess over $1,000............ 1 The base assessment rate shall be fixed from time to time by the commissioner but shall not exceed one dollar ($1) per one thousand dollars ($1,000) face amount of payment instruments and traveler's checks sold.
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