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HomeFinancial CodeDiv. 7Ch. 5Art. 1§ 18360 Company Hearing Request Rights

§ 18360 Company Hearing Request Rights

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

§ 18360 Company Hearing Request Rights

Key Takeaways

  • •If a company gets an order from the government and doesn't like it, they can ask for a meeting to talk about it.
  • •They have to ask for this meeting within 15 days of getting the order.
  • •Asking for a meeting doesn't mean the order is paused unless the government says so.
  • •The government has to set up the meeting within 30 days, or later if both sides agree.

Example

A toy company gets an order to stop selling a certain toy because it's unsafe.

The toy company doesn't agree and wants to explain why the toy is safe. They can ask for a meeting within 15 days. The order to stop selling the toy stays in place unless the government says otherwise. The meeting must happen within 30 days.

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

Official Source
View on CA.gov

§ 18360 Company Hearing Request Rights

The company named in any order issued pursuant to this division for which no express hearing right is provided, including Sections 18356, 18357, 18358, 18359, 18363, and 18415.3 may, within 15 days after receipt thereof, file with the commissioner its written request for hearing. The filing of that request shall not operate to postpone or suspend the effectiveness of any order issued by the commissioner unless otherwise directed by the commissioner. The order may be amended or set aside by the commissioner at any time. The commissioner shall, within 30 business days after the receipt of that written request or at a later time as may be mutually agreed with the company, cause that matter to be heard. (Amended by Stats. 1996, Ch. 1064, Sec. 594. Effective January 1, 1997. Operative July 1, 1997.)

Last verified: January 23, 2026

Key Terms

orderhearingcommissioner15 days30 business days

Related Statutes

  • § 18353 Industrial Loan Company Penalties
  • § 18354 Witness Testimony In Examinations
  • § 18366 Commissioner Decision Judicial Review
  • § 1107 Bank Name Change Rules
  • § 12401 License Suspension Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18360.
View Official Source