California Statutes

§ 4977. — 4977. (Amended by Stats. 2001, Ch. 733, Sec. 5.)

California·Code FIN Financial Code - FIN·Div. 1.7. DIVISION 1.7. COVERED LOANS·Ch. 3. CHAPTER 3. Enforcement
(a)A licensing agency may, after appropriate notice and opportunity for hearing, by order levy administrative penalties against a person who violates any provision of this division, and the person shall be liable for administrative penalties of not more than two thousand five hundred dollars ($2,500) for each violation. Except for licensing agencies exempt from the provisions of the Administrative Procedure Act, any hearing shall be held in accordance with the Administrative Procedure Act (Chapter 5 (commencing with Section 11500) of Part 1 of Division 3 of Title 2 of the Government Code), and the licensing agency shall have all the powers granted under that act.
(b)Any person who willfully and knowingly violates any provision of this division shall be liable for a civil penalty of

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California § 4977. (4977. (Amended by Stats. 2001, Ch. 733, Sec. 5.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 2001, Ch. 733, Sec. 5. Effective January 1, 2002. Applicable, by Sec. 10 of Ch. 733, only to covered loans applied for on or after July 1, 2002.
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