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California Code, Financial Code - FIN § 12213

Current as of January 01, 2025 | Updated by Findlaw Staff

When an action is commenced on the bond of a licensee the commissioner may require the filing of a new bond, and immediately upon the recovery of any action on the bond the licensee shall file a new bond.  Failure to file a new bond within 10 days of the recovery on a bond, or within 10 days after notification that a bond is required, constitutes sufficient grounds for the suspension or revocation of a license.

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Cite this article: FindLaw.com - California Code, Financial Code - FIN § 12213 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-12213/

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