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HomeFinancial CodeDiv. 1Ch. 5Art. 1§ 505 Examiner Oath And Subpoena

§ 505 Examiner Oath And Subpoena

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

§ 505 Examiner Oath And Subpoena

Key Takeaways

  • •The boss and their helpers can make people swear to tell the truth during an official check-up.
  • •They can force people to show up and bring important papers or things if needed for the check-up.
  • •This is only for special check-ups allowed by the rules.

Example

Imagine the school principal is checking if the cafeteria is following food safety rules.

The principal can make the cafeteria workers come and answer questions under oath, and bring records like food delivery logs or cleaning schedules. If they refuse, they can be forced to show up and bring the papers.

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

Official Source
View on CA.gov

§ 505 Examiner Oath And Subpoena

The commissioner, a deputy commissioner, and every examiner assigned to an examination may administer an oath to any person whose testimony is required for the purposes of any examination authorized by this division and may by issuance of subpoena compel the appearance of any person and the production of any evidence for the purposes of the examination. (Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)

Last verified: January 23, 2026

Key Terms

insurancecommissionsubpoenaexaminationevidenceissuanceappearanceproduction

Related Statutes

  • § 500 Foreign Bank Examination Authority
  • § 501 Extra Examination Fees
  • § 50315 Commissioner Referral To Prosecutors
  • § 50329 Mortgage Lender Record Control
  • § 50330 Commissioner Delegation Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 505.
View Official Source