California Code of Regulations
Title 10 - Investment
Chapter 6 - Real Estate Commissioner
Article 12 - Subdivisions
Section 2804 - Abandoning Application for Public Report
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) The commissioner may abandon an application for a final, conditional, amended, or renewed public report, if:
(b) Ninety (90) days prior to abandoning an application the commissioner shall mail to the applicant and the applicant's designated representative, notice of the commissioner's intent to abandon the application. The notice shall include a statement that the applicant may, in accordance with subdivision (d), file a petition to keep the application open.
(c) Sixty (60) days or more following the mailing of the notice required by subdivision (b), the commissioner may issue a final notice of intention to abandon the application. The application shall be deemed abandoned thirty (30) days after the final notice is mailed to the applicant and the applicant's designated representative, unless, prior to the expiration of the thirty day period, a one-year extension has been granted pursuant to subdivision (d).
(d) The commissioner, on his own motion, or after receipt of a petition from the applicant or the applicant's designated representative, may, under the following terms and conditions, grant a one-year extension in order to allow the applicant to complete the application:
Written notice of the decision to grant or deny the petition will be mailed or delivered to the applicant and the applicant's designated representative, within thirty (30) calendar days after receipt of the petition.
(e) The commissioner may grant one or more one-year extensions, provided that the application has not been abandoned as provided in subdivision (c).
(f) The term "applicant" as used in this section shall have the same meaning as the term "subdivider" as used in Section 11018.13 of the Code.
1. New section filed 12-7-94; operative 1-6-95 (Register 94, No. 49). For prior history, see Register 83, No. 30.
Note: Authority cited: Sections 11001 and 11018.13, Business and Professions Code. Reference: Sections 11010 and 11018.13, Business and Professions Code.