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2025 California Code
Financial Code - FIN
DIVISION 20 - CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT
CHAPTER 5 - Administration and Powers of the Commissioner
Section 50306.
Universal Citation:
CA Fin Code § 50306 (2025)
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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.
(Amended by Stats. 1998, Ch. 178, Sec. 3. Effective January 1, 1999.)
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