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HomeFinancial CodeDiv. 1.6Ch. 2§ 4837 Application Approval Conditions

§ 4837 Application Approval Conditions

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

§ 4837 Application Approval Conditions

Key Takeaways

  • •The boss (commissioner) can say 'yes' to your plan if they think you can actually do it.
  • •If they say 'yes' because of your plan, they can make you promise to do it by a certain time.
  • •The boss can add rules to make sure you keep your promise.

Example

You want to open a lemonade stand and tell the boss you'll clean up every day.

The boss can say 'yes' to your lemonade stand if they believe you'll clean up. But they might also say you have to clean up by 6 PM every day, or your stand gets shut down.

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

Official Source
View on CA.gov

§ 4837 Application Approval Conditions

In determining whether to approve any application filed under this division or under any regulation or order issued under this division, the commissioner may consider proposals made by the applicant; and, if in the opinion of the commissioner it is probable that the applicant will be able to implement any such proposal, the commissioner may make findings on the basis of the proposal. However, whenever the commissioner approves an application on the basis, in whole or in part, of a proposal made by the applicant, the commissioner shall impose upon the approval appropriate conditions requiring that the applicant implement the proposal within the period of time that the commissioner may specify. (Amended by Stats. 1996, Ch. 1064, Sec. 484. Effective January 1, 1997. Operative July 1, 1997.)

Last verified: January 23, 2026

Key Terms

regulationapplicationcommissionimplementoperative july

Related Statutes

  • § 31108 Commissioner Approval Of Proposals
  • § 31107 Application Requirements
  • § 4835 Application Filing Requirements
  • § 4836 Prohibited False Statements
  • § 4838 Application Denial Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 4837.
View Official Source