California Code of Regulations
Title 10 - Investment
Chapter 6 - Real Estate Commissioner
Article 18.6 - Monetary Penalty in Lieu of Suspension
Section 2921 - Procedures

Universal Citation: 10 CA Code of Regs 2921

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(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."

1. New section filed 11-16-87; operative 12-16-87 (Register 87, No. 47).

Note: Authority cited: Sections 10080 and 10083, Business and Professions Code. Reference: Section 10175.2, Business and Professions Code.

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