If a licensee fails to notify the Commissioner of a change of address, what is the penalty if not corrected in 45 days?

If a licensee fails to notify the Commissioner of a change of address within a specified timeframe, the penalty for not correcting this within 45 days is $200. This amount reflects the regulatory framework under California's bail statutes, which impose financial penalties for non-compliance with notification requirements.

Maintaining accurate contact information is crucial for effective communication between the licensee and the regulatory body. Failing to update such information can lead to significant issues in terms of oversight, compliance audits, and administrative processes. The $200 penalty serves both as a deterrent against negligence in updating contact information and as a means to ensure that licensees remain accountable for adhering to regulatory standards.

Other amounts listed are incorrect as they either exceed or do not align with the established penalties outlined in the relevant regulations for this specific violation.