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HomeCorporations CodeCh. 2§ 31408 Administrative Relief And Costs

§ 31408 Administrative Relief And Costs

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 31408 Administrative Relief And Costs

Key Takeaways

  • •The government can step in and make someone fix problems they caused, like paying back money or stopping bad actions.
  • •If someone breaks the rules, they might have to go to classes to learn how to do things the right way.
  • •The government can also make the rule-breaker pay for the costs of the case, like lawyer fees.

Example

A company tricks people into buying fake insurance and takes their money.

The government can order the company to give the money back to the people they tricked. The company might also have to pay for the government's time and work to fix the problem.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 31408 Administrative Relief And Costs

(a) If the commissioner determines it is in the public interest, the commissioner may include in any administrative action brought under this division, including a stop order, a claim for ancillary relief, including, but not limited to, a claim for rescission, restitution or disgorgement or damages on behalf of the persons injured by the act or practice constituting the subject matter of the action, and the administrative law judge shall have jurisdiction to award additional relief. The person affected may be required to attend remedial education, as directed by the commissioner. (b) In an administrative action brought under this part the commissioner is entitled to recover costs, which in the discretion of the administrative law judge may include any amount representing reasonable attorney’s fees and investigative expenses for the services rendered, for deposit into the State Corporations Fund for the use of the Department of Financial Protection and Innovation. (Amended by Stats. 2022, Ch. 452, Sec. 93. (SB 1498) Effective January 1, 2023.)

Last verified: January 23, 2026

Key Terms

ancillary reliefrescissionrestitutiondisgorgementdamagesremedial educationState Corporations Fund

Related Statutes

  • § 25254 Commissioner Ancillary Relief Authority
  • § 29540 Commissioner Enforcement Injunctions
  • § 25530 Commissioner Enforcement Actions
  • § 25532 Unqualified Security Sales Orders
  • § 31125 Material Modification Franchise Disclosure

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 31408.
View Official Source