§ 76241. Bonds.
22 CA ADC § 76241Barclays Official California Code of Regulations
22 CCR § 76241
§ 76241. Bonds.
(a) Each licensee shall file or have on file with the Department a bond issued by a surety company authorized to do business in California if the licensee is handling or will handle money in the amount of $25 or more per client or $500 or more for all clients in any month. The amount of the bond shall be according to the following schedule:
(1) | Amount Handled | Bond Required |
$750 or less | $1,000 | ||
$751 to $1,500 | $2,000 | ||
$1,501 to $2,500 | $3,000 |
Credits
Note: Authority cited: Section 208(a), Health and Safety Code. Reference: Sections 1276 and 1318, Health and Safety Code.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 22, § 76241, 22 CA ADC § 76241
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