California Code
Financial Code - FIN
DIVISION 1.2 - MONEY TRANSMISSION ACT

CHAPTER 1 - General Provisions

Section 2000. - 2000. This division shall be known and may be cited...

Section 2001. - 2001. The Legislature finds and declares all of the following:...

Section 2002. - 2002. It is the intent of the Legislature that the...

Section 2003. - 2003. For purposes of this division, the following definitions shall...

CHAPTER 2 - Exemptions

Section 2010. - 2010. This division does not apply to the following: (a)...

Section 2011. - 2011. (a) The commissioner may, by regulation or order, either...

CHAPTER 3 - Licenses

Section 2030. - 2030. (a) A person shall not engage in the business...

Section 2031. - 2031. Only the following persons may apply for or be...

Section 2032. - 2032. (a) An applicant for licensure under this division shall...

Section 2033. - 2033. (a) The commissioner may conduct an examination of the...

Section 2034. - 2034. (a) Before any corporation or limited liability company is...

Section 2035. - 2035. (a) No person shall, directly or indirectly, acquire control...

Section 2036. - 2036. The commissioner may impose on any authorization, approval, license,...

Section 2037. - 2037. (a) As security, each licensee shall deposit and thereafter...

Section 2038. - 2038. Fees shall be paid to, and collected by, the...

Section 2039. - 2039. (a) The commissioner may by order or regulation grant...

Section 2040. - 2040. (a) An applicant shall possess, and a licensee shall...

Section 2041. - 2041. (a) A licensee shall conduct money transmission in California...

Section 2042. - 2042. (a) In addition to the fees provided in Section...

Section 2043. - 2043. (a) On or before April 1, 2013, and annually...

CHAPTER 4 - Agents

Section 2060. - 2060. (a) In this section, “remit” means to make direct...

Section 2061. - 2061. (a) No licensee shall appoint any person as an...

Section 2062. - 2062. A person may not provide money transmissions on behalf...

Section 2063. - 2063. (a) No agent of a licensee who has actual...

CHAPTER 5 - Eligible Securities

Section 2081. - 2081. (a) A licensee shall at all times own eligible...

Section 2082. - 2082. (a) “Eligible security” means any United States currency eligible...

Section 2083. - 2083. (a) In computing for purposes of Section 2082 the...

Section 2084. - 2084. (a) A licensee shall be deemed to own an...

Section 2085. - 2085. If the commissioner finds that any eligible security or...

Section 2086. - 2086. If the commissioner finds that any security or class...

Section 2087. - 2087. (a) If the commissioner finds that a rating assigned...

Section 2088. - 2088. (a) The commissioner may by regulation or order declare...

Section 2089. - 2089. A licensee shall maintain eligible securities that are adequately...

CHAPTER 6 - Consumer Disclosures

Section 2100. - 2100. (a) (1) Each licensee shall file with the commissioner...

Section 2101. - 2101. Every licensee or its agent shall forward all money...

Section 2102. - 2102. (a) Every licensee or its agent shall refund to...

Section 2103. - 2103. (a) In the case of money received for transmission,...

Section 2104. - 2104. Each licensee or agent shall prominently post on the...

Section 2105. - 2105. (a) Each licensee or agent shall prominently post on...

Section 2106. - 2106. (a) No licensee shall sell or issue any form...

Section 2107. - 2107. (a) A licensee shall prominently display on its internet...

CHAPTER 7 - Examinations, Special Reports, and Records

Section 2120. - 2120. (a) The commissioner may at any time and from...

Section 2121. - 2121. The commissioner may consult and cooperate with other state...

Section 2122. - 2122. A licensee shall file a report with the commissioner...

Section 2123. - 2123. A licensee that is a money services business under...

Section 2124. - 2124. (a) A licensee shall maintain the following records for...

CHAPTER 8 - Additional Enforcement Provisions

Section 2148. - 2148. (a) If it appears to the commissioner that a...

Section 2149. - 2149. (a) The commissioner may issue an order suspending or...

Section 2150. - 2150. (a) The commissioner may issue an order suspending or...

Section 2150.1. - 2150.1. (a) Every order, decision, or other official act of...

Section 2150.2. - 2150.2. (a) If the commissioner finds that any of the...

Section 2151. - 2151. (a) If the commissioner finds that any of the...

Section 2151.1. - 2151.1. The commissioner may assess a civil penalty against a...

Section 2152. - 2152. (a) A person that intentionally makes a false statement,...

Section 2153. - 2153. The enforcement provisions of this division are in addition...

CHAPTER 9 - Miscellaneous Provisions

Section 2170. - 2170. Any licensee may surrender its license by filing with...

Section 2171. - 2171. If any provision of this division or the application...

Section 2172. - 2172. (a) A license issued under the former Chapter 14...

Section 2174. - 2174. (a) The commissioner may prepare written decisions, opinion letters,...

Section 2175. - 2175. The commissioner may offer informal guidance to any prospective...

Section 2176. - 2176. At any time, if the commissioner deems it necessary...