California Statutes
§ 28122. — 28122. (Amended by Stats. 2018, Ch. 379, Sec. 11.)
California·Code FIN Financial Code - FIN·Div. 12.5. DIVISION 12.5. Student Loan Servicing Act·Ch. 2. CHAPTER 2. Licensing·Art. 2. ARTICLE 2. Application for License
(a)The commissioner may deem an application for a license abandoned if the applicant fails to respond to any request for information required by the commissioner or department during an investigation of the application.
(b)The commissioner shall notify the applicant, in writing, that if the applicant fails to submit responsive information within 60 days from the date the commissioner sent the written request for information, the commissioner shall deem the application abandoned.
(c)An application fee paid prior to the date an application is deemed abandoned shall not be refunded. Abandonment of an application
pursuant to this subdivision shall not preclude the applicant from submitting a new application and fee for a license.
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California § 28122. (28122. (Amended by Stats. 2018, Ch. 379, Sec. 11.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2018, Ch. 379, Sec. 11. (AB 38) Effective January 1, 2019.