LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeFinancial CodeDiv. 15Ch. 2§ 31115 License Application Fees

§ 31115 License Application Fees

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

§ 31115 License Application Fees

Key Takeaways

  • •You pay $2,000 to apply for a new license.
  • •If you want to buy or merge with another company, you pay $1,000. If multiple applications are filed for the same deal, the fee is split equally.
  • •Moving your main office costs $100.
  • •Every year, you pay $2,000 to keep your license.
  • •If the government checks your business, you pay $75 per hour for each person checking, plus their travel costs if they leave the state.

Example

You want to start a new business that needs a license.

You have to pay $2,000 just to apply for the license. Even if they say no, you don’t get your money back.

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

Official Source
View on CA.gov

§ 31115 License Application Fees

(a) Fees shall be paid to, and collected by, the commissioner, as follows: (1) The fee for filing with the commissioner an application for a license shall be two thousand dollars ($2,000). (2) The fee for filing with the commissioner an application for approval to acquire control of a licensee shall be one thousand dollars ($1,000). (3) The fee for filing with the commissioner an application for approval for a licensee to merge with another corporation; an application for approval for a licensee to purchase all or substantially all of the business of another person, or an application for approval for a licensee to sell all or substantially all of its business or of the business of any of its offices to another licensee, shall be one thousand dollars ($1,000). However, whenever two or more applications relating to the same merger, purchase, or sale are filed with the commissioner, the fee for filing each application shall be the quotient determined by dividing one thousand dollars ($1,000) by the number of the applications. (4) The fee for filing with the commissioner an application for approval to relocate the head office of a licensee shall be one hundred dollars ($100). (5) The fee for issuing a license shall be twenty-five dollars ($25). (6) Each person that is licensed under this division on June 1 of any year shall pay, on or before the following July 1, a fee of two thousand dollars ($2,000). (7) Whenever the commissioner examines any licensee or any affiliate of a licensee, that licensee shall pay, within 10 days after receipt of a statement from the commissioner, a fee of seventy-five dollars ($75) per hour for each examiner engaged in the examination plus, in case it is necessary for any examiner engaged in the examination to travel outside this state, the travel expenses of the examiner. (b) (1) Each fee for filing an application with the commissioner shall be paid at the time when the application is filed with the commissioner. (2) No fee for filing an application with the commissioner shall be refundable, regardless of whether the application is approved, denied, withdrawn, or abandoned. (Amended by Stats. 1997, Ch. 375, Sec. 16. Effective January 1, 1998.)

Last verified: January 23, 2026

Key Terms

applicationcorporationcommissionmergerlicenseexaminationstatement

Related Statutes

  • § 4839 Corporate Transaction Filing Fees
  • § 30204 Securities Depository License Application
  • § 28116 Mortgage Servicer Licensing Investigation
  • § 50121 Residential Mortgage Lender Licensing
  • § 50122 Residential Mortgage License Application

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 31115.
View Official Source