California § 10471.6. 10471.6. (Amended by Stats. 2001, Ch. 389, Sec. 7.)

California Statutes

§ 10471.6. — 10471.6. (Amended by Stats. 2001, Ch. 389, Sec. 7.)

California·Code BPC Business and Professions Code - BPC·Div. 4. DIVISION 4. REAL ESTATE·Part 1. PART 1. LICENSING OF PERSONS·Ch. 6.5. CHAPTER 6.5. Real Estate Recovery Program

If, at any time prior to the rendering of a decision on an application, the commissioner makes a preliminary determination that the aggregate valid applications of all aggrieved persons against that licensee are likely to exceed the limits of liability in Section 10474, the commissioner shall, in lieu of further administrative proceedings, initiate a proration proceeding pursuant to Section 10474.5 in a superior court of any county in this state that would be a proper court for the filing of a denied application or writ of mandamus pursuant to Section
				10471.5.

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If, at any time prior to the rendering of a decision on an application, the commissioner makes a preliminary determination that the aggregate valid applications of all aggrieved persons against that licensee are likely to exceed the limits of liability in Section 10474, the commissioner shall, in lieu of further administrative proceedings, initiate a proration proceeding pursuant to Section 10474.5 in a superior court of any county in this state that would be a proper court for the filing of a denied application or writ of mandamus pursuant to Section
10471.5.

California § 10471.6. (10471.6. (Amended by Stats. 2001, Ch. 389, Sec. 7.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.