(a) The amount of the Bond required by Section 1318 of the Health and Safety Code shall be in accordance with the following schedule: (1) | Total Amount Handled per month | Bond Required |
| $750 or less........................... | .............. $1,000 |
| $751 to $1,500........................... | .............. $2,000 |
| $1,501 to $2,500........................... | .............. $3,000 |
(2) Every further increment of $1,000 or fraction thereof shall require an additional $1,000 on the bond.(b) Each application for an original license or renewal of license shall be accompanied by an affidavit on a form provided by the Department. The affidavit shall state whether the licensee handles or will handle money of clients and the maximum amount of money to be handled for: (2) All clients in any month.(c) No licensee shall either handle money of a client or handle amounts greater than those stated in the affidavit submitted without first notifying the Department and filing a new or revised bond if requested.(d) Charges for the surety company bond to handle client monies shall not be paid out of client funds.Cal. Code Regs. Tit. 22, § 76852.2
Note: Authority cited: Sections 208.4, 1267.7 and 1275, Health and Safety Code. Reference: Sections 1276 and 1318, Health and Safety Code.