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HomeFinancial CodeDiv. 20Ch. 5§ 50327 License Denial And Revocation

§ 50327 License Denial And Revocation

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

§ 50327 License Denial And Revocation

Key Takeaways

  • •The boss can take away your license if you break the rules or lie on your application.
  • •Even if your license is taken away, the boss can still check up on you.
  • •You get a chance to explain yourself before your license is taken away.

Example

You have a license to sell food, but you start selling bad food that makes people sick.

The boss can take away your food license because you broke the rules. You'll get a chance to tell your side of the story first.

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

Official Source
View on CA.gov

§ 50327 License Denial And Revocation

(a) The commissioner may, after notice and a reasonable opportunity to be heard, deny, decline to renew, suspend, or revoke any license if the commissioner finds that: (1) The licensee has violated any provision of this division or any rule or order of the commissioner thereunder. (2) Any fact or condition exists that, if it had existed at the time of the original application for the license, reasonably would have warranted the commissioner in refusing to issue the license originally. (b) The power of investigation and examination by the commissioner is not terminated by the denial, nonrenewal, surrender, suspension, or revocation of any license issued by him or her. (Amended by Stats. 2012, Ch. 264, Sec. 12. (AB 2666) Effective January 1, 2013.)

Last verified: January 23, 2026

Key Terms

commissionportlicensepensionthe californiaconditionapplicationinvestigation

Related Statutes

  • § 50307.2 Nmls Condition Reports
  • § 30608 License Suspension Grounds
  • § 50326 Mortgage Licensee Reporting Penalties
  • § 23010 Licensee Change Reporting
  • § 23052 License Suspension Or Revocation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 50327.
View Official Source