California Financial Code ARTICLE 4 - Assessments

• Section 18535.
  Guaranty Corporation shall establish and maintain a guarantee fund as follows:(a) Each new member, other than a new special member, shall pay one hundred thousand dollars...
• Section 18536.
  Guaranty Corporation shall send a written notice of assessment to each member assessed within 10 days after the levy of any assessment. Amounts assessed shall...
• Section 18538.
  In the event any member fails to pay an assessment when due, Guaranty Corporation shall report such default in writing to the commissioner and the...

Last modified: October 22, 2018