DIVISION 12.5. Student Loan Servicing Act 28100-28182›CHAPTER 3. Licensee Duties 28126-28150
§ 28140
California Financial Code · 2018-11 edition · updated 2026-10-04 · California
A licensee shall continuously maintain a minimum net worth of at least two hundred fifty thousand dollars ($250,000).
(Added by Stats. 2016, Ch. 824, Sec. 2. (AB 2251) Effective January 1, 2017. Operative July 1, 2018, pursuant to Section 28182.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code