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HomeFinancial CodeDiv. 25Ch. 3§ 100022 Licensee Debt Collection Termination

§ 100022 Licensee Debt Collection Termination

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

§ 100022 Licensee Debt Collection Termination

This law says that if a debt collector stops working as a debt collector, they must write to the commissioner and give back their license and any license signs.

Key Takeaways

  • •When you stop collecting debts, you have to tell the commissioner in writing.
  • •You must hand over the license itself.
  • •You also have to return any other items that show you have a license (like stickers or signs).

Example

A company that used to collect unpaid bills decides to close its debt‑collection department.

The company must send a written notice to the commissioner and return the debt‑collector license and any license stickers or signs it has.

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

Official Source
View on CA.gov

§ 100022 Licensee Debt Collection Termination

A licensee that ceases to engage in debt collection shall inform the commissioner in writing and surrender the license and all other indicia of license to the commissioner. (Added by Stats. 2020, Ch. 163, Sec. 3. (SB 908) Effective January 1, 2021. Operative January 1, 2022, pursuant to Sec. 100000.5.)

Last verified: January 10, 2026

Key Terms

licenseedebt collectioncommissionerindicia of license

Related Statutes

  • § 100018 Licensee Information Updates
  • § 100019 Licensee Compliance Requirements
  • § 12213 Licensee Bond Replacement Rules
  • § 17405.1 Inspection Cost Recovery Rules
  • § 17406.1 Accountant Change Disclosure Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 100022.
View Official Source