Section 2151 Of Chapter 8. Additional Enforcement Provisions From California Financial Code >> Division 1.2. >> Chapter 8.
2151
. (a) If the commissioner finds that any of the factors set
forth in Section 2150 is true with respect to any agent and that it
is necessary for the protection of the public interest, the
commissioner may issue an order immediately suspending or barring
that agent from continuing to be or becoming an agent of any licensee
during the period for which that order is in effect.
(b) Within 30 days after an order is issued pursuant to
subdivision (a), the licensee or the agent or former agent with
respect to whom the order was issued may file with the commissioner
an application for a hearing on the order.
(c) If the commissioner fails to commence a hearing within 20
business days after the application is filed with the commissioner
pursuant to subdivision (b) or within a longer period of time agreed
to by the parties, the suspension or revocation shall be deemed
rescinded.
(d) Within 30 days after the hearing, the commissioner shall
affirm, modify, or rescind the order.
(e) The right of the licensee or agent or former agent to petition
for judicial review of the order shall not be affected by the
failure of that person to apply to the commissioner for a hearing on
the order pursuant to subdivision (b).