California AB1758 sets assessment rules for travel sellers, including late fees and emergency assessments.

California AB1758 amends the Business and Professions Code to establish assessment rules for travel sellers. It mandates that new sellers register and pay assessments 10 days before doing business in the state, with a late fee of $5 per day up to $500. The annual assessment for the operations fund is determined by January 15 each year, based on the California Consumer Price Index. If the restitution fund balance falls below $1.6 million, the Travel Consumer Restitution Corporation will assess participants up to $200 per location to restore the fund.

California AB1758 sets assessment rules for travel sellers, including late fees and emergency assessments.

California AB1758 amends the Business and Professions Code to establish assessment rules for travel sellers. It mandates that new sellers register and pay assessments 10 days before doing business in the state, with a late fee of $5 per day up to $500. The annual assessment for the operations fund is determined by January 15 each year, based on the California Consumer Price Index. If the restitution fund balance falls below $1.6 million, the Travel Consumer Restitution Corporation will assess participants up to $200 per location to restore the fund.