California § 28150 - A licensee that ceases to service student loans to borrowers shall inform the com
Full text of California Public Contract Code - PCC § 28150 — A licensee that ceases to service student loans to borrowers shall inform the com, with citation guidance and answers to common questions.
§ 28150. A licensee that ceases to service student loans to borrowers shall inform the com
A licensee that ceases to service student loans to borrowers shall inform the commissioner in writing and surrender the license and all other indicia of license to the commissioner. The commissioner may require a licensee to file a plan for the disposition of the servicing business that includes, but is not limited to, a closing audit. Upon receipt of the written notice and plan, if required, the commissioner shall determine whether the licensee has violated this division. The commissioner shall give a licensee notice of accepting a surrendered license, and a license shall not be deemed surrendered until the commissioner accepts its tender in writing.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 28150
What does Public Contract Code - PCC § 28150 cover?
Section 28150 ("A licensee that ceases to service student loans to borrowers shall inform the com") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 28150?
A common citation format is "Public Contract Code - PCC § 28150" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 28150 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.