California Codes, Business and Professions Code - BPC, Division 3 — Professions and Vocations Generally, Chapter 11 — Repossessors, Article 2 — Administration, Section 7501.9

It is the intent of the Legislature, consistent with Section 128.5 of the Business and Professions Code, that the bureau shall not maintain a reserve balance of funds greater than the amount necessary to fund operating expenses of the bureau and that the bureau shall periodically review fees pursuant to this chapter to evaluate the appropriateness of each fee and the regulatory costs associated with each fee.

Notes

Establishes legislative intent rather than a separate enforcement rule: the bureau should not maintain reserves greater than needed for operating expenses and should periodically review chapter fees. Those reviews are intended to assess whether each fee remains appropriate and the regulatory costs associated with it, consistent with Section 128.5.

Use as reference

Lexinter.net | California Code, Business and Professions Code - BPC § 7501.9 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-11/article-2/section-7501-9

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