78927. Any person who fails to file a return, or remit or pay any assessment within the time required by the commission shall pay to the commission a penalty of 10 percent of the amount of the assessment determined to be due, and in addition, 1.5 percent interest per month on the unpaid balance.(Added by Stats. 2005, Ch. 597, Sec. 1. Effective January 1, 2006.)
California Legal Code