California · Financial Code
FIN §31110: (a) The commissioner may (1) make such public or private investigations within or outside this state as he or she deems necessary to determine whether to approve any application filed with him or her
What this law says, in plain English
A commissioner may conduct investigations and issue subpoenas to examine applications, enforce regulatory violations, and gather evidence. Failure to obey a court order enforcing a subpoena may be punished as contempt.
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