Section 23016 Of Article 3. Administration And Operations From California Financial Code >> Division 10. >> Chapter 1. >> Article 3.
23016
. (a) Each licensee shall pay to the commissioner its pro rata
share of all costs and expenses reasonably incurred in the
administration of this division, as estimated by the commissioner,
for the ensuing year and any deficit actually incurred or anticipated
in the administration of the program in the year in which the
assessment is made. The assessment will be based on the number of
locations.
(b) On or before the 20th day of May in each year, the
commissioner shall notify each licensee by mail of the amount
assessed and levied against it and that amount shall be paid within
30 days thereafter. If payment is not made within 30 days, the
commissioner may assess and collect a penalty, in addition to the
assessment, of 1 percent of the assessment for each month or part of
a month that the payment is delayed or withheld.
(c) If a licensee fails to pay the assessment on or before the
30th day of June following the day upon which payment is due, the
commissioner may by order summarily suspend or revoke the certificate
issued to the licensee. If, after an order is made, a request for
hearing is filed in writing within 30 days, and a hearing is not held
within 60 days thereafter, the order is deemed rescinded as of its
effective date. During any period when its certificate is revoked or
suspended, a licensee shall not conduct business pursuant to this
division except as may be permitted by order of the commissioner.
However, the revocation, suspension, or surrender of a certificate
shall not affect the powers of the commissioner as provided in this
division.