Business and Professions Code section 13432


The fees provided in Section 13431 are maximum fees and may be established at a lower rate by the secretary at any time the funds derived from such assessment are more than reasonably necessary to cover the cost of administration and enforcement of this chapter, including the maintenance of a reasonable reserve fund for such purposes.

Source: Section 13432, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=BPC§ionNum=13432.­ (updated Jan. 1, 2018; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 13432's source at ca​.gov