Section 17604 Of Chapter 4. Revocation Of License From California Financial Code >> Division 6. >> Chapter 4.
17604
. No order issued pursuant to Sections 17602 or 17603 may
become final except after notice to any licensed escrow agent
affected thereby of the intention of the commissioner to make such
order final and of the reasons therefor and that upon receipt of a
request the matter will be set down for hearing to commence within 15
business days after such receipt unless the licensed agent affected
consents to a later date. If no hearing is requested within 30 days
after the mailing of such notice and none is ordered by the
commissioner, the order may become final without hearing and the
licensed escrow agent 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 thereunder. If upon the hearing,
it appears to the commissioner that the licensed agent 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 licensed escrow agent shall immediately
discontinue the practices named in the order.