California Code of Regulations (Last Updated: August 6, 2014) |
Title 10. Investment |
Chapter 6. Real Estate Commissioner |
Article 18.6. Monetary Penalty in Lieu of Suspension |
§ 2921. Procedures.
Latest version.
- (a) Licensees may petition in writing for a monetary penalty at any time after filing of an accusation and before the effective date of a decision.(b) No specific form of petition is required. It may contain argument to support a grant of the petition or any other relevant material the petitioner desires to present to the Commissioner.(c) Upon receipt of a timely petition, the Commissioner shall grant a stay of the effective date of the decision, if any, for a period of up to 30 days for the purpose of determining whether the public interest and welfare will be adequately served if the petition is granted.(d) Any order granting a petition for a monetary penalty in lieu of a license suspension order shall be published in the “Real Estate Bulletin.”HISTORY1. New section filed 11-16-87; operative 12-16-87 (Register 87, No. 47).
Note
Note: Authority cited: Sections 10080 and 10083, Business and Professions Code. Reference: Section 10175.2, Business and Professions Code.