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§ 4544. Ongoing Reporting Duties.

16 CA ADC § 4544Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 16. Professional and Vocational Regulations
Division 41. Professional Fiduciaries Bureau
Article 7. Reporting Duties of Licensee
16 CCR § 4544
§ 4544. Ongoing Reporting Duties.
(a) A licensee has a duty to report the following information to the Bureau within fifteen (15) business days of the following occurrences:
(1) Any change to addresses and telephone numbers for the licensee's place of business or place of residence.
(2) If the licensee is removed as a fiduciary by the court for breach of trust, the date, case name, court location, and case number associated with the removal. The licensee shall submit a record of the court findings and orders related to the case. The licensee may file an additional statement of the issues and facts of the case.
(3) If the licensee files for bankruptcy or holds a controlling financial interest in a business that files for bankruptcy.
(b) Each licensee shall report any information that is required to be reported on the annual statement, as specified in Section 4542, or that is otherwise authorized by the Act or regulation, or provide any information for verification of compliance with any item that is required to be reported on the annual statement or that is authorized by the Act or regulation as requested by the Bureau to the Bureau within fifteen (15) business days of the request or later as specified. Compliance with this subdivision shall be in addition to compliance with the reporting requirements in subdivision (a).
(c) Reporting requirements pursuant to this Section shall be in addition to the annual reporting duties of Section 4540 or any other provision of law.
(d) A licensee may be subject to a citation, that may include a fine, or other disciplinary action for failure to comply with this Section.

Credits

Note: Authority cited: Section 6517, Business and Professions Code. Reference: Sections 141, 480, 481, 490, 6534, 6536, 6560 and 6561, Business and Professions Code.
History
1. New section filed 5-17-2012; operative 6-16-2012 (Register 2012, No. 20).
This database is current through 1/13/23 Register 2023, No. 2.
Cal. Admin. Code tit. 16, § 4544, 16 CA ADC § 4544
End of Document