California Statutes

§ 28156. — 28156. (Added by Stats. 2016, Ch. 824, Sec. 2.)

California·Code FIN Financial Code - FIN·Div. 12.5. DIVISION 12.5. Student Loan Servicing Act·Ch. 5. CHAPTER 5. Enforcement
(a)The commissioner may, after appropriate notice and opportunity for hearing, by order, censure or suspend for a period not exceeding 12 months, or bar from any position of employment, management, or control of any licensee, or any other person, if the commissioner finds either of the following:
(1)That the censure, suspension, or bar is in the public interest and that the person has committed or caused a violation of this division or rule or order of the commissioner, which violation was either known or should have been known by the person committing or causing it or has caused material damage to the licensee or to the public.
(2)That the person has been convicted of or pleaded nolo contendere to any crime, or has been held liable in any civil action by final judgment, or any ad

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California § 28156. (28156. (Added by Stats. 2016, Ch. 824, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 2016, Ch. 824, Sec. 2. (AB 2251) Effective January 1, 2017. Operative July 1, 2018, pursuant to Section 28182.
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