Section 14319 Of Article 3. Enforcement From California Financial Code >> Division 5. >> Chapter 3. >> Article 3.
14319
. In any case where the commissioner takes possession of a
subject institution pursuant to this article without a prior notice
or hearing, or takes action against a subject person without prior
notice or hearing, the commissioner shall, upon taking possession or
taking the action, concurrently provide to the subject institution or
person a written order. The order shall set forth the condition or
conditions of the subject institution or action or actions of the
subject person that constitute the basis or bases for the
commissioner's action as to the subject institution or subject
person. In any case where the commissioner takes possession of a
subject institution pursuant to this article, the commissioner shall
establish clear evidence upon which he or she is taking action
against the subject institution.
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