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DIVISION 12.5. Student Loan Servicing Act 28100-28182›CHAPTER 5. Enforcement 28154-28176

§ 28158

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

If, after investigation, the commissioner has reasonable grounds to believe that a licensee is conducting business in an unsafe or injurious manner, the commissioner shall, by written order addressed to the licensee, direct the discontinuance of the unsafe or injurious practices. The order shall be effective immediately, but shall not become final except in accordance with the provisions of Section 28164.

(Added by Stats. 2016, Ch. 824, Sec. 2. (AB 2251) Effective January 1, 2017. Operative July 1, 2018, pursuant to Section 28182.)

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