LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeFinancial CodeDiv. 3Ch. 5§ 12400 License Suspension Or Revocation

§ 12400 License Suspension Or Revocation

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

§ 12400 License Suspension Or Revocation

This law says the government can take away a business license if the owner breaks the rules, like not telling the government about new offices or breaking other business laws.

Key Takeaways

  • •You must tell the government within 10 days if you open a new office or location.
  • •If you break any business rules, the government can take away your license.
  • •If you lied or hid something when you first got your license, the government can take it away later.

Example

A store owner opens a new location but doesn't tell the government within 10 days.

The government can suspend or take away their business license because they didn't follow the rules.

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

Official Source
View on CA.gov

§ 12400 License Suspension Or Revocation

The commissioner may, upon reasonable opportunity to be heard, suspend or revoke any license issued pursuant to this division, if he finds that: (a) The licensee has failed to report within 10 days the establishment of a mobile unit, branch office, or agency location, or has failed upon demand of the commissioner pursuant to Section 12301.4 of this code to terminate and cancel any agency. (b) The licensee has violated any provision of this division or any rule or regulation made by the commissioner under and with the authority of this division. (c) Any fact or condition exists which, if it had existed at the time of the original application for such license, reasonably would have warranted the commissioner in refusing originally to issue such license. (Amended by Stats. 1968, Ch. 869.)

Last verified: January 10, 2026

Key Terms

commissionersuspend or revokelicensemobile unitbranch officeagency locationviolated any provisionrule or regulation

Related Statutes

  • § 18349 License Suspension Or Revocation
  • § 12301.1 Licensee Location Notification Requirements
  • § 17608 License Suspension Or Revocation
  • § 12401 License Suspension Authority
  • § 12403 Commissioner Action Review

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 12400.
View Official Source