2005 California Financial Code Sections 50301-50332 CHAPTER 5. ADMINISTRATION AND POWERS OF THE COMMISSIONER

50301.  Without limitation, the functions, powers, and duties of the
commissioner include the following:
   (a) To issue or refuse to issue a license as provided by this
division.
   (b) To revoke or suspend for cause any license as provided by this
division.
   (c) To keep records of licenses issued under this division.
   (d) To receive, consider, investigate, and act upon complaints
made in connection with a licensee.
   (e) To prescribe the forms of and receive (1) applications for
licenses and (2) reports and books and records required to be made by
a licensee under this division, including annual audited financial
statements.
   (f) To subpoena documents and witnesses and compel their
attendance and production, to administer oaths, and to require the
production of books, papers, or other materials relevant to any
inquiry authorized by this division.
   (g) To require information with regard to a license applicant that
the commissioner may deem necessary, with regard for the paramount
public interest in ascertaining the experience, background, honesty,
truthfulness, integrity, and competency of the license applicant for
financial transactions involving primary or subordinate mortgage
financing, and if the license applicant is an entity other than an
individual, in ascertaining the honesty, truthfulness, integrity, and
competency of an officer or director of the corporation,
association, or other entity, or the members of a partnership.
   (h) To enforce by order any provision of this division.
   (i) To levy fees, fines, and charges in an amount sufficient to
cover the cost of the services performed in administering this
division, as set forth by rule.
   (j) To appoint examiners, supervisors, experts, and special
assistants as needed to effectively and efficiently administer this
division.
50302.  (a) As often as the commissioner deems necessary and
appropriate, but at least once every 48 months, the commissioner
shall examine the affairs of each licensee for compliance with this
division.  The commissioner shall appoint suitable persons to perform
the examination.  The commissioner and his or her appointees may
examine the books, records, and documents of the licensee, and may
examine the licensee's officers, directors, employees, or agents
under oath regarding the licensee's operations.  The commissioner may
cooperate with any agency of the state or federal government, other
states, agencies, the federal national mortgage association, or the
federal home loan mortgage corporation.  The commissioner may accept
an examination conducted by one of these entities in place of an
examination by the commissioner under this law, unless the
commissioner determines that the examination does not provide
information necessary to enable the commissioner to fulfill his or
her responsibilities under this division.
   (b) The commissioner shall provide a written statement of the
findings of the examination, issue a copy of that statement to each
licensee's principals, officers, or directors, and take appropriate
steps to ensure correction of any violations of this division.
   (c) Affiliates of a licensee are subject to examination by the
commissioner on the same terms as the licensee, but only when reports
from, or examination of, a licensee provides documented evidence of
unlawful activity between a licensee and affiliate benefiting,
affecting, or arising from the activities regulated by this division.
   (d) The licensee shall pay, and the commissioner shall assess, the
reasonable expenses of any examination of the licensee  and
affiliates, consistent with the requirements of subdivision (c) of
Section 50314.
   (e) The statement of the findings of an examination shall belong
to the commissioner and shall not be disclosed to anyone other than
the licensee, law enforcement officials, or other state or federal
regulatory agencies for further investigation and enforcement.
Reports required of licensees by the commissioner under this division
and results of examinations performed by the commissioner under this
division are the property of the commissioner.
50303.  Neither the commissioner nor any employee of the Department
of Corporations shall be precluded from obtaining a residential
mortgage loan from a lender licensed under this division, subject to
the rules that may be adopted hereunder or pursuant to other proper
authority.
50304.  The commissioner may, from time to time, make, amend, and
rescind the rules, forms, and orders that are necessary to carry out
the provisions of this law, including rules and forms governing
applications and reports, and defining any terms, whether or not used
in this law, provided that the definitions are consistent with the
provisions of this law.  For the purposes of rules and forms, the
commissioner may classify loans, persons, and matters within the
jurisdiction of the commissioner, and may prescribe different
requirements for different classes.  The commissioner may, in his or
her discretion, waive a requirement of a rule or form if, in the
opinion of the commissioner, the requirement is not in the public
interest or necessary for the protection of borrowers or investors.
50305.  Upon written request from the commissioner, a licensee shall
forward authorization to release workpapers of the licensee's
independent auditor to the commissioner within two business days of
receiving the request.
50306.  The commissioner may order a licensee that opens a branch
office in this state or changes its business location or its
locations from which activities subject to this law are conducted,
without first notifying the commissioner in writing, as required by
Section 50124, to forfeit to the people of the state up to one
hundred dollars ($100) each day for the first 10 days and ten dollars
($10) for each day thereafter during which the branch office or
changed location is maintained without notifying the commissioner.
50307.  (a) Each licensee shall file a report with the commissioner
annually, on or before the first day of March, giving the relevant
information that the commissioner reasonably requires to make the
calculation required by subdivision (a) of Section 50401.  The report
shall be made under oath and in the form prescribed by the
commissioner.
   (b) A licensee shall make any other special reports to the
commissioner that the commissioner may, from time to time, require.
   (c) If any person subject to this division fails to make a report
required by law or by the commissioner, the commissioner may
immediately cause the books, records, papers, and affairs of that
person to be thoroughly examined.
50308.  If any person engaged in the business regulated by this
division refers in any advertising to rates of interest, charges, or
costs of loans, the commissioner shall require that they are stated
fully and clearly in the manner that he or she deems necessary to
give adequate information to prospective borrowers.  If the rates or
costs advertised do not apply to loans of all classes made or
negotiated by that person, this fact shall be clearly indicated in
the advertisement.  Compliance with the requirements of the federal
Truth in Lending Act and Regulation Z promulgated thereunder is
presumed to satisfy the requirements of this section.
50309.  The commissioner may require licensees to maintain a file of
all advertising copy for a period of 90 days from the date of its
use.  The file shall be available to the commissioner upon request.
50310.  Nothing in this law shall preclude a person whose license
has been suspended or revoked, summarily or otherwise, from
continuing to service residential mortgage loans pursuant to
servicing contracts in existence at the time of the suspension for a
reasonable transition period, as determined by the commissioner,
after the date of the entry of the final decision in the case
suspending or revoking the license.
50311.  Nothing in this law shall preclude a person whose license
has been suspended or revoked, summarily or otherwise, from making a
residential mortgage loan pursuant to a commitment issued by that
person prior to the suspension or revocation.  A prospective borrower
who received a commitment issued by a person whose license has been
suspended or revoked may, prior to the closing of the loan, terminate
the commitment and receive a refund of all money paid to that
person.
50312.  The commissioner, in his or her discretion, may honor
requests from interested persons for interpretive opinions.
50313.  In any proceeding under this law, the burden of proving an
exemption or an exception from a definition is upon the person
claiming it.
50314.  (a) Every person subject to this division shall keep
documents and records that will properly enable the commissioner to
determine whether the residential mortgage lending or residential
mortgage loan servicing functions performed by that person comply
with the provisions of this division and with all rules and orders
made by the commissioner under this division.  Upon request of the
commissioner, residential mortgage lenders and residential mortgage
loan servicers shall file an authorization for disclosure to the
commissioner of financial records of the licensed business pursuant
to Section 7473 of the Government Code.
   (b) The business documents and records of every residential
mortgage lender or residential mortgage loan servicer, whether
required to be licensed under this division or not, are subject to
inspection and examination by the commissioner at any time without
prior notice.  The provisions of this subdivision shall not apply to
persons specified in subdivision (g) of Section 50003.
   Any person subject to this division shall, upon request and within
the time specified in the request, allow inspection and copying of
any documents and records by the commissioner or his or her
authorized representative.
   (c) The cost of every inspection and examination of a licensee or
other person subject to this division shall be paid to the
commissioner by the licensee or person examined, and the commissioner
may maintain an action for the recovery of these costs in any court
of competent jurisdiction.  In determining the cost of any inspection
or examination, the commissioner may use the estimated average
hourly cost, including overhead, for all persons performing
inspections or examinations of licensees or other persons subject to
this division for the fiscal year.
   For the purpose of this subdivision only, no person other than a
licensee shall be deemed to be a person subject to this division
unless and until the person is determined to be a person subject to
this division by an administrative hearing in accordance with Chapter
5 (commencing with Section 11500) of Part 1 of Division 3 of Title 2
of the Government Code, or by a judicial hearing in any court of
competent jurisdiction.
   (d) Investigation and examination reports prepared by the
commissioner's duly designated representatives are not public
reports.  Those reports may be disclosed to the officers or directors
of a licensee that is the subject of the report for the purpose of
corrective action by the officers or directors.  Such a disclosure
shall not operate as a waiver of the exemption specified in
subdivision (d) of Section 6254 of the Government Code.
50315.  (a) The commissioner may refer the evidence that is
available concerning any violation of this law or of any rule or
order adopted under this division to the district attorney of the
county in which the violation occurred.  The district attorney may,
with or without the commissioner's referral, institute criminal
proceedings under this law.  The commissioner and his or her counsel,
deputies, or assistants may, upon request of the district attorney,
assist the district attorney in presenting the law or facts at the
trial.
   (b) After an examination, investigation, or hearing under this
division, if the commissioner deems it of public interest or
advantage, he or she may certify a record to the proper prosecuting
official of the county or city in which the act complained of,
examined, or investigated occurred.
50316.  (a) For any licensee, a disciplinary action taken by the
State of California, another state, any agency of the federal
government, or another country for any action substantially related
to the activity regulated under this law may be a ground for
disciplinary action by the commissioner.  A certified copy of the
record of the disciplinary action taken against a licensee by the
State of California, another state, any agency of the federal
government, or another country shall be conclusive evidence of the
events related therein.
   (b) Nothing in this section shall preclude the commissioner from
applying a specific statutory provision in this division providing
for discipline against a licensee as a result of disciplinary action
taken against a licensee by the State of California, another state,
an agency of the federal government, or another country.
50317.  (a) Any person who has been convicted of, or pleaded nolo
contendere to any crime specified in subdivision (b) within the past
10 years or has been held liable in any civil action by final
judgment or any administrative judgment by any public agency within
the past seven years, of any of the provisions specified in
subdivision (b), shall not serve as an officer, director, partner,
shareholder controlling 10 percent or more of the ownership
interests, trustee, or employee of a residential mortgage lender or
residential mortgage loan servicer.  This subdivision shall not apply
to any person whose office, employment, ownership interest, or other
participation in the business of a licensed residential mortgage
lender or residential mortgage loan servicer commenced prior to
January 1, 1995, or whose criminal conviction, plea, or judgment
occurred prior to January 1, 1995.
   (b) Subdivision (a) applies to criminal convictions of, pleas of
nolo contendere to, or civil or administrative judgments entered for
offenses including the following:
   (1) Offenses specified in Chapter 18 (commencing with Section
3350) of Division 1.
   (2) Offenses specified in Article 4 (commencing with Section 5300)
of Chapter 1 of Division 2.
   (3) Offenses specified in Article 8 (commencing with Section
14750) of Chapter 4 of Division 5.
   (4) Offenses specified in Chapter 7 (commencing with Section
17700) of Division 6.
   (5) Offenses specified in Chapter 6 (commencing with Section
18435) of Division 7.
   (6) Offenses specified in provisions of the laws of the United
States added or amended by the federal Financial Institutions Reform,
Recovery and Enforcement Act of 1989 (Public Law 101-73).
   (7) Offenses involving robbery, burglary, theft, embezzlement,
fraud, fraudulent conversion or misappropriation of property,
forgery, bookmaking, receiving stolen property, counterfeiting,
extortion, checks, credit cards, or computer violations specified in
Section 502 of the Penal Code.  For the purpose of this section, but
not Section 50318, an offense does not include a conviction for which
the person has obtained a certificate of rehabilitation from a court
of competent jurisdiction under Section 1203.4 or 4852.13 of the
Penal Code or a similar certificate of rehabilitation obtained in a
foreign jurisdiction.
   (c) On and after January 1, 1995, any officer, director, or other
person who seeks a controlling ownership interest of 10 percent or
more in the business of a licensed residential mortgage lender or
residential mortgage loan servicer shall, as a condition to obtaining
that interest or participation, authorize the commissioner to have
access to that person's state summary criminal history information,
as defined in Section 11105 of the Penal Code, for purposes of
determining whether the person has a prior conviction of, or pleaded
nolo contendere to, a criminal offense specified in subdivision (b).
   (d) Any state summary criminal history information obtained
pursuant to this section shall be kept confidential and no recipient
shall disclose the contents other than for the purpose of acquisition
of an ownership interest in or other participation in the business
of a licensed residential mortgage lender or residential mortgage
loan servicer.
   (e) Any person who knowingly violates subdivision (a), including,
but not limited to, any residential mortgage lender or residential
mortgage loan servicer who permits an ownership interest in or other
participation in the business of a residential mortgage lender or
residential mortgage loan servicer in violation of subdivision (a)
shall, upon conviction, be subject to punishment as set forth in
Section 50500.
   (f) Nothing in this section shall be construed to permit the
reinstatement of any person barred by the commissioner pursuant to
Section 50320 nor to prohibit the commissioner from bringing any
action pursuant to Section 50320.
   (g) If any provision of this section or the application of this
section to any person or circumstances is held invalid, that
invalidity shall not affect other provisions or applications of this
section that can be given effect without the invalid provision or
application, and to this end the provisions of this section are
severable.
   (h) For purposes of this section, the term "employee" means (1) a
loan officer or other individual who negotiates agreements with the
public, or (2) an individual with access to or responsibility for
trust funds held by the licensee.
50318.  (a) The commissioner may, after appropriate notice and
opportunity for hearing, by order censure or suspend for a period not
exceeding 12 months, or bar from any position of employment,
management, or control any residential mortgage lender or residential
mortgage loan servicer, or any other person, if the commissioner
finds either of the following:
   (1) That the censure, suspension, or bar is in the public interest
and that the person has committed or caused a violation of this
division or rule or order of the commissioner, and (A) the violation
was either known or should have been known by the person committing
or causing it, or (B) the violation has caused material damage to the
residential mortgage lender, residential mortgage loan servicer, or
to the public.
   (2) That the person (A) has been convicted of or pleaded nolo
contendere to any crime, or (B) has been held liable in any civil
action by final judgment, or any administrative judgment by any
public agency, if that crime or civil or administrative judgment
involved any offense specified in subdivision (b) of Section 50317,
or any other offense reasonably related to the qualifications,
functions, or duties of a person engaged in the business in
accordance with the provisions of this division.
   (b) Within 15 days from the date of a notice of intention to issue
an order pursuant to subdivision (a), the person may request a
hearing under the Administrative Procedure Act (Chapter 5 (commencing
with Section 11500) of Part 1 of Division 3 of Title 2 of the
Government Code).  Upon receiving a request, the matter shall be set
for hearing to commence within 30 days after receipt unless the
person subject to this division consents to a later date.  If no
hearing is requested within 15 days after the mailing or service of
the notice and none is ordered by the commissioner, the failure to
request a hearing shall constitute a waiver of the right to a
hearing.
   (c) Upon receipt of a notice of intention to issue an order
pursuant to this section, the person who is the subject of the
proposed order is immediately prohibited from engaging in any
activities subject to licensure under the law.
   (d) Persons suspended or barred under this section are prohibited
from participating in any business activity of a licensed residential
mortgage lender or residential mortgage loan servicer and from
engaging in any business activity on the premises where a licensed
residential mortgage lender or residential mortgage loan servicer is
conducting its business.  This subdivision shall not be construed to
prohibit suspended or barred persons from having their personal
transactions processed by a licensed residential mortgage lender or
residential mortgage loan servicer.
   (e) This section shall apply to any violation, conviction, plea,
or judgment after the enactment of this section.
   (f) If any provision of this section or the application of this
section to any person or circumstances is held invalid, that
invalidity shall not affect other provisions or applications of this
section that can be given effect without the invalid provision or
application, and to this end the provisions of this section are
severable.
   (g) For purposes of this section, the term "employee" means (1) a
loan officer or other individual who negotiates agreements with the
public, or (2) an individual with access to or responsibility for
trust funds held by the licensee.
50319.  (a) If the commissioner, as a result of any examination or
from any report made to him or her, shall find that any person
subject to this division is in an insolvent condition, is conducting
business in an unsafe or injurious manner that renders further
operations hazardous to the public or to customers, has failed to
comply with the provision of Section 50317, has permitted its
tangible net worth to be lower than the minimum required by law, or
has failed to comply with the bonding requirements of Section 50205,
the commissioner may, by an order addressed to and served by
registered or certified mail, or by personal service on that person,
and on any other person having in his or her possession or control
any trust funds or other property deposited in escrow with that
person, direct discontinuance of the disbursement, in whole or in
part, of trust funds held by the licensee and order the establishment
of a separate trust account for all subsequent trust funds received
by the licensee.  No person having in his or her possession any of
these funds or documents shall be liable for failure to comply with
the order unless he or she has received written notice of the order.
Subject to subdivision (b), the order shall remain in effect until
set aside by the commissioner, or the person has been adjudged
bankrupt.
   (b) Within 15 days from the date of an order pursuant to
subdivision (a), the person may request a hearing under the
Administrative Procedure Act (Chapter 5 (commencing with Section
11500) of Part 2 of Division 3 of Title 2 of the Government Code).
Upon receiving a request, the matter shall be set for hearing to
commence within 30 days after the receipt unless the person subject
to this division consents to a later date.  If no hearing is
requested within 15 days after the mailing or service of the notice
and none is ordered by the commissioner, the failure to request a
hearing shall constitute a waiver of the right to a hearing.  Neither
the request for a hearing nor the hearing itself shall stay the
order issued by the commissioner under subdivision (a).
50320.  Whenever, in the opinion of the commissioner, a person is
engaged, either actually or through subterfuge, in the business of
making residential mortgage loans or servicing residential mortgage
loans without a license from the commissioner, the commissioner may
order that person to desist and refrain.  If, within 30 days after an
order is served, a request for a hearing is filed in writing and the
hearing is not held within 60 days of the filing, the order is
rescinded.  This section does not apply to persons exempted under
subdivision (g) of Section 50003.
50321.  If, after investigation, the commissioner has reasonable
grounds to believe that any licensee has violated its articles of
incorporation or any law or rule binding upon it, the commissioner
shall, by written order addressed to the licensee, direct the
discontinuance of the violation.  The order shall be effective
immediately, but shall not become final except in accordance with the
provisions of Section 50323.
50322.  If, after investigation, the commissioner has reasonable
grounds to believe that any licensee is conducting 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.
50323.  (a) No order issued pursuant to Section 50321 or 50322 may
become final except after notice to the affected licensee of the
commissioner's intention to make the order final and of the reasons
for the finding.  The commissioner shall also notify the licensee
that upon receiving a request the matter will be set for hearing to
commence within 15 business days after receipt.  The licensee may
consent to have the hearing commence at a later date.  If no hearing
is requested within 30 days after the mailing or service of the
required notice, and none is ordered by the commissioner, the order
may become final without hearing and the licensee shall immediately
discontinue the practices named in the order.  If a hearing is
requested or ordered, it shall be held in accordance with the
provisions of the Administrative Procedure Act (Chapter 5 (commencing
with Section 11500) of Part 1 of Division 3 of Title 2 of the
Government Code), and the commissioner shall have all of the powers
granted under that act.  If, upon the hearing, it appears to the
commissioner that the licensee is conducting business in an unsafe
and injurious manner or is violating its articles of incorporation or
any law of this state, or any rule binding upon it, the commissioner
shall make the order of discontinuance final and the licensee shall
immediately discontinue the practices named in the order.
   (b) The licensee has 10 days after an order is made final to
commence an action to restrain enforcement of the order.  If the
enforcement of the order is not enjoined within 10 days by the court
in which the action is brought, the licensee shall comply with the
order.
50324.  (a) If, after investigation, the commissioner has reasonable
grounds to believe that any person has engaged or is about to engage
in any act or practice constituting a violation of any provision of
this division or any rule or order hereunder, the commissioner may,
bring an action to enjoin the acts or practices or to enforce
compliance with this law or any rule or order hereunder.  The action
shall be brought in the name of the people of the State of California
in the superior court.  Upon a proper showing, a permanent or
preliminary injunction, restraining order, or writ of mandate shall
be granted.  A receiver, monitor, conservator, or other designated
fiduciary or officer of the court, which may include the
commissioner, may be appointed for the defendant or the defendant's
assets.  Any other ancillary relief may be granted as appropriate.
   A receiver, monitor, conservator, or other designated fiduciary or
officer of the court appointed by the superior court pursuant to
this section may, with the approval of the court, exercise any or all
of the powers of the defendant's officers, directors, partners,
trustees, or persons who exercise similar powers and perform similar
duties.  The powers include the filing of a petition for bankruptcy.
No action at law or in equity may be maintained by any party against
the commissioner, or a receiver, monitor, conservator, or other
designated fiduciary or officer of the court, by reason of their
exercising these powers or performing these duties pursuant to the
order of, or with the approval of, the superior court.
   (b) If the commissioner determines it is in the public interest,
the commissioner may include in any action authorized by subdivision
(a) a claim for ancillary relief.  The ancillary relief may include,
but not be limited to, restitution or disgorgement or damages on
behalf of the persons injured by the act or practice constituting the
subject matter of the action.  The court shall have jurisdiction to
award additional relief.
50325.  The commissioner may immediately revoke the residential
mortgage lender's or residential mortgage loan servicer's license if
the licensee fails to comply with any order issued under Section
50318, 50319, 50321, 50322 or 50503.  The commissioner shall not
revoke the license if, within 10 days from the effective date of the
revocation order, the licensee secures a court order restraining the
enforcement of the commissioner's revocation order.
50326.  If any licensee fails to do any of the following, the
licensee shall forfeit to the people of the state a sum of up to one
hundred dollars ($100) for every day up to the 10th day:  (a) to make
any report required by law or by the commissioner within 10 days
from the day designated for the making of the report, or within any
extension of time granted by the commissioner, or (b) fails to
include therein any matter required by law or by the commissioner.
Thereafter, any failure shall constitute grounds for the suspension
or revocation of the license held by the residential mortgage lender
or residential mortgage loan servicer.
50327.  (a) The commissioner may, after notice and a reasonable
opportunity to be heard, suspend or revoke any license if the
commissioner finds that:  (1) the licensee has violated any provision
of this division or any rule or order of the commissioner
thereunder; or (2) any fact or condition exists that, if it had
existed at the time of the original application for the license,
reasonably would have warranted the commissioner in refusing to issue
the license originally.
   (b) The power of investigation and examination by the commissioner
is not terminated by the surrender, suspension, or revocation of any
license issued by him or her.
50328.  Except in the case of an exempt person, whenever the
commissioner deems it to be necessary for the public interest, the
commissioner has continuous authority to exercise the powers set
forth in this division.  These powers may be exercised whether or not
an application for a license has been filed with the commissioner,
any license has been issued, or if issued, has been surrendered,
suspended, or revoked.
50329.  (a) In making an investigation or examination authorized by
this division, the commissioner may, for a reasonable time not
exceeding 30 days, control access to any documents and records of the
licensee pertaining to the business of any residential mortgage
lender or residential mortgage loan servicer.  The commissioner may
place a keeper in exclusive charge of the documents and records in
the place where they are usually kept.  During the period of control,
no director, officer, partner, or employee shall remove or attempt
to remove any of the documents except pursuant to a court order or
with the consent of the commissioner.  However, the directors,
officers, partners, and employees of the residential mortgage lender
or residential mortgage loan servicer may examine the documents or
records.  The licensee's employees shall be permitted to make entries
in the documents or records to reflect current transactions.  Unless
the commissioner has reasonable grounds to believe the documents or
records of the licensee have been, or are at risk of being altered or
destroyed for purposes of concealing a violation of this division,
the licensee shall have access to the documents or records as
necessary to conduct its ordinary business affairs.
   (b) For the purpose of any investigation, examination, or
proceeding under this division, the commissioner or any officer
designated by the commissioner may administer oaths and affirmations,
subpoena witnesses, compel their attendance, take evidence, and
require the production of any documents or records that the
commissioner deems relevant.
   (c) In case of refusal to obey a subpoena issued to a director,
officer, partner, or employee of a licensee, the superior court may
issue an order requiring that person to appear before the
commissioner.  When before the commissioner, the director, officer,
partner, or employee shall produce documentary evidence or give
evidence on the matter under investigation. Failure to obey the order
of the court may be punished by the court as contempt.
   (d) No person is excused from testifying or from producing any
document or record before the commissioner, on the ground that the
testimony or evidence required by the commissioner may tend to
incriminate the person or subject him or her to a penalty or
forfeiture.  However, no individual may be penalized for any matter
concerning which he or she is compelled to testify or produce
evidence, after validly claiming the privilege against
self-incrimination.  However, individual testimony is not exempt from
prosecution and punishment for perjury or contempt committed in
testifying.
50330.  The authority to make or conduct any examination or
investigation may be delegated by the commissioner to any deputy,
investigator, examiner, or auditor appointed for that purpose.  An
individual appointed by the commissioner for this purpose may
administer oaths and subpoena witnesses, and take their testimony.
The appointment shall be made by an instrument in writing signed by
the commissioner.  Upon any examination or investigation, the
instrument shall be produced by the appointed individual at any time
upon demand.
50331.  All hearings provided for in this division shall be
conducted in accordance with the provisions of Chapter 5 (commencing
with Section 11500) of Part 1 of Division 3 of Title 2 of the
Government Code.  The commissioner has all the powers granted
therein.
50332.  Every order, decision, license, or other official act of the
commissioner is subject to review, in accordance with law.