Financial Code section 12213

When an action is commenced on the bond of a licensee the commissioner may require the filing of a new bond, and immediately upon the recovery of any action on the bond the licensee shall file a new bond. Failure to file a new bond within 10 days of the recovery on a bond, or within 10 days after notification that a bond is required, constitutes sufficient grounds for the suspension or revocation of a license.

Source: Section 12213, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=12213.­ (updated Jan. 1, 1951; accessed Jul. 14, 2025).

Green check means up to date. Up to date

Verified:
Jul. 14, 2025

§ 12213's source at ca​.gov