Any person who in this state engages in the business of guaranteeing or insuring land values, or who solicits or negotiates in this state for the purpose of, or in any manner aids, any person within or without this state to engage in such business, is guilty of a public offense and punishable by imprisonment pursuant to subdivision (h) of Section 1170 of the Penal Code, or in a county jail for not exceeding one year, or by fine not exceeding ten thousand dollars ($10,000), or by both that fine and imprisonment.
Insurance Covering LandLand Value Insurance
Section § 12660
This law states that if someone in California engages in, or helps with, the business of guaranteeing or insuring land values, they are committing a crime. If found guilty, they could face jail time, a fine of up to $10,000, or both.
guaranteeing land values insuring land values public offense
Section § 12661
If you apply for or hold a license or certificate under this code, and you commit an act prohibited by section 12660, the commissioner has the power to suspend, revoke, or deny your license or certificate.
The commissioner may suspend or revoke or may deny any license or certificate issued under any provision of this code in any case where the applicant or licensee or certificate holder has committed an act denounced by section 12660.
license suspension certificate revocation commissioner authority
