§ 80025. Bonding.
22 CA ADC § 80025Barclays Official California Code of Regulations
22 CCR § 80025
§ 80025. Bonding.
Amount Safeguarded Per Month | Bond Required |
$750 or less | $1,000 | ||
$751 to $1,500 | $2,000 | ||
$1,501 to $2,500 | $3,000 |
Every further increment of $1,000 or fraction thereof shall require an additional $1,000 on the bond.
(e) Whenever the licensing agency determines that the amount of the bond is insufficient to provide necessary protection of clients' cash resources, or whenever the amount of any bond is impaired by any recovery against the bond, the licensing agency shall have the authority to require the licensee to file an additional bond in such amount as the licensing agency determines to be necessary to protect the clients' cash resources.
Credits
Note: Authority cited: Section 1530, Health and Safety Code. Reference: Sections 1560 and 1561, Health and Safety Code.
History
1. Change without regulatory effect pursuant to Section 100, Title 1, California Code of Regulations renumbering former Section 80025 to Section 80024, and renumbering Section 80026 to Section 80025 filed 1-9-89 (Register 89, No. 3). For prior history, see Register 88, No. 2.
This database is current through 6/14/24 Register 2024, No. 24.
Cal. Admin. Code tit. 22, § 80025, 22 CA ADC § 80025
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