California Legal Codes and Statutes

§ 14303

Repealed and added by Stats. 2002, Ch. 734, Sec. 24. Effective September 20, 2002.
(a)The commissioner may, without any prior notice or hearing, order a person to cease and desist from violating Section 14150 if either of the following criteria are met:
(1)The commissioner finds that the person has violated Section 14150.
(2)The commissioner finds that there is reasonable cause to believe that the person will imminently violate Section 14150.
(b)(1) (A) Within 30 days after an order is issued pursuant to subdivision (a), the person to whom the order is issued may file with the commissioner an application for a hearing on the order.

(B) If the commissioner fails to commence the hearing within 15 business days after the application is filed with the commissioner, or within any longer period to which the person consents, the order shall be deemed rescinded.

(C) Within 30 days after the hearing, or within any longer period to which the person consents, the commissioner shall affirm, modify, or rescind the order. If the commissioner fails to affirm, modify, or rescind the order within this time limit, the order shall be deemed rescinded.

(2)The right of a

person to whom an order is issued under subdivision (a) to petition for judicial review of the order shall not be affected by the failure of the person to apply to the commissioner for a hearing on the order pursuant to paragraph (1).

Cite this section

Cal. Fin. Code § 14303 (2026)
https://ca.codecond.com/codes/fin/division-5-credit-unions/chapter-3-administration-and-powers-of-the-commissioner/article-3-enforcement/section-14303

Other sections in Article 3 - Enforcement

§ 14300§ 14301§ 14302§ 14303§ 14304§ 14305§ 14306§ 14307§ 14308§ 14309§ 14310§ 14311§ 14312§ 14313§ 14314§ 14315§ 14316§ 14317§ 14318§ 14319

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 8, 2026.