{"code":"FIN","codeName":"Financial Code","section":"12213","citation":"Fin. Code, § 12213","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 3. CHECK SELLERS, BILL PAYERS, AND PRORATERS [12000. - 12404.]","url":"https://blackletter.si/financial-code/division-3"},{"name":"CHAPTER 3. Licensing [12200. - 12225.]","url":"https://blackletter.si/financial-code/division-3/chapter-3"}],"history":"Enacted by Stats. 1951, Ch. 364.","effective":null,"html":"<p>When an action is commenced on the bond of a licensee the commissioner may require the filing of a new bond, and immediately upon the recovery of any action on the bond the licensee shall file a new bond. Failure to file a new bond within 10 days of the recovery on a bond, or within 10 days after notification that a bond is required, constitutes sufficient grounds for the suspension or revocation of a license.</p>","text":"When an action is commenced on the bond of a licensee the commissioner may require the filing of a new bond, and immediately upon the recovery of any action on the bond the licensee shall file a new bond. Failure to file a new bond within 10 days of the recovery on a bond, or within 10 days after notification that a bond is required, constitutes sufficient grounds for the suspension or revocation of a license.","otherVersions":[],"url":"https://blackletter.si/financial-code/licensing-12213","source":"California Legislative Information bulk export (pubinfo)"}