Cal. Fin. Code § 51005

Current through the 2024 Legislative Session.
Section 51005 - Claims on bonds, deposits or letters of credit

Any person claiming to have sustained damage by reason of the failure of a person engaging in business as an exchange facilitator to comply with this division may file a claim on the bonds, deposits, or letters of credit described in Section 51003 to recover the damages subject to the terms and conditions of the bonds, deposits, or letters of credit. The amounts of the bonds, deposits, or letters of credit shall be reduced to the extent of any payment made.

Ca. Fin. Code § 51005

Amended by Stats 2009 ch 568 (SB 204),s 5, eff. 1/1/2010.
Added by Stats 2008 ch 708 (SB 1007),s 2, eff. 1/1/2009.