Cal. Code Regs. tit. 14, § 7614 – Broker's Bond or Deposit.

(a) The Yacht and Ship Broker's Bond Endorsement used shall be of the form prescribed and provided by the department.
(b) The department may not release its interest in a cash deposit made pursuant to section 731 of the Harbors and Navigation Code until a surety bond, dated to include the period for which the cash deposit was made, is filed with the department.
(c) The period required by subsection (b) will not exceed four years.

Note: Authority cited: Section 703, Harbors and Navigation Code. Reference: Sections 730 and 731, Harbors and Navigation Code.

1. New subsections (b) and (c) filed 4-2-90; operative 5-2-90 (Register 90, No. 17).