Each licensed employment agency shall give and keep in force a bond with the Director of Labor on the penal sum of Five Thousand Dollars ($5,000.00) with good and sufficient surety or sureties approved by the Director, conditioned: (a) That the licensee shall not violate the Chapter; (b) That the licensee shall faithfully, promptly and truly refund all fees illegally or incorrectly obtained from applicant to the Director. SOURCE: GC § 48304.