California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 1 — Licensing of Persons, Chapter 3 — Real Estate Regulations, Article 2 — Licenses, Section 10156.8
As one of the conditions to the issuance of a restricted license authorized by Section 10156.5 the commissioner may require the filing of surety bonds in such form and condition as he may require in respect to the restricted licensee for the protection of persons or classes of persons with whom said licensee may deal.
Notes
Allows the commissioner, as a condition of issuing a restricted license under the referenced provision, to require the restricted licensee to file surety bonds. Allows the commissioner to prescribe the bonds’ form and conditions for the protection of persons or classes of persons with whom the restricted licensee may deal.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10156.8 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-2/section-10156-8