Section 9862 Of Chapter 2. Registration From California Vehicle Code >> Division 3.5. >> Chapter 2.
9862
. (a) If the initial application for a number is not received
by the department on or before the date set by the department, a
penalty of one-half of the fee shall be assessed. If a certificate of
number is not renewed on or before midnight of the expiration date,
a penalty of one-half of the fee shall be assessed.
(b) If any person has received as the transferee of a vessel a
properly endorsed certificate of ownership and certificate of number
describing that vessel and the transfer fee has not been paid as
required by this code within 30 days, a penalty of one-half of the
transfer fee specified in Section 9855 shall be assessed.