In plain terms
It accrues daily rather than landing as a single fine, which is what makes it grow. The published enforcement orders read as plain arithmetic: days late multiplied by the daily amount. That is how an order against a small business reaches five or six figures from a filing that costs a fraction of it. Deletion duties carry exposure of their own, separately from registration. The statutory maximums appear at Cal. Civ. Code section 1798.99.82.
What it means for a registered broker
The figure is a ceiling, not a prediction, and what any specific matter would cost is a question for your own counsel. What is worth acting on is the shape of it. Because it runs daily, the difference between noticing in week one and noticing in month six is the entire amount. A missed registration and a stalled deletion cycle both keep running while nobody is looking, so give each one a dated owner rather than a good intention. This is not legal advice.
- Where it comes from
- Delete Act, SB 362 (2023)