California Code
Financial Code - FIN
DIVISION 3 - CHECK SELLERS, BILL PAYERS, AND PRORATERS

CHAPTER 1 - Definitions

Section 12000. - 12000. This division is known and may be cited as...

Section 12001. - 12001. Unless the context otherwise requires, the definitions set forth...

Section 12002. - 12002. A check seller is a person: (a) who, for...

Section 12002.1. - 12002.1. A prorater is a person who, for compensation, engages...

Section 12002.2. - 12002.2. A business agent, for the purpose of this division...

Section 12003. - 12003. “Commissioner” means the Commissioner of Financial Protection and Innovation,...

Section 12004. - 12004. “Licensee” means any individual or corporation licensed by the...

Section 12005. - 12005. “Mobile unit” means a vehicle or other movable means...

CHAPTER 2 - Application of Division

Section 12100. - 12100. This division does not apply to any of the...

Section 12101.5. - 12101.5. In any proceeding under this law, the burden of...

Section 12102. - 12102. Any person who willfully violates any provision of this...

Section 12102.1. - 12102.1. A licensee under this division or any person engaged...

Section 12103. - 12103. Whenever in the opinion of the commissioner any person...

Section 12104. - 12104. A nonprofit community service organization that meets all of...

Section 12105. - 12105. (a) Whenever it appears to the commissioner that any...

Section 12106. - 12106. (a) The commissioner may do the following, at his...

Section 12107. - 12107. (a) If, upon inspection or investigation, based upon a...

Section 12108. - 12108. (a) The remedies available to the commissioner pursuant to...

CHAPTER 3 - Licensing

Section 12200. - 12200. No person shall engage in the business, for compensation,...

Section 12200.2. - 12200.2. A license as a business agent or special prorater...

Section 12200.5. - 12200.5. The commissioner shall classify and license applicants for a...

Section 12201. - 12201. (a) An application for a license shall be in...

Section 12202. - 12202. If the business is to be conducted at a...

Section 12203. - 12203. If the business is to be conducted from a...

Section 12204. - 12204. The application shall specify the type of business for...

Section 12205. - 12205. (a) A licensed bill payer, general prorater, or special...

Section 12206. - 12206. (a) If the applicant is to engage in the...

Section 12207. - 12207. The bond shall be approved by the commissioner. The...

Section 12208. - 12208. The bond shall be conditioned that the obligor will...

Section 12209. - 12209. The bond shall remain in force and effect until...

Section 12212. - 12212. No action may be brought on the bond by...

Section 12213. - 12213. When an action is commenced on the bond of...

Section 12214. - 12214. (a) An applicant at the time of filing an...

Section 12216. - 12216. (a) Upon the filing of the application and the...

Section 12217. - 12217. Each license shall state the following: (a) The name...

Section 12218. - 12218. The license shall be kept conspicuously posted in the...

Section 12219. - 12219. The license is not transferable or assignable. (Enacted by...

Section 12220. - 12220. The commissioner may by regulation require licensees to file...

Section 12221. - 12221. Upon reasonable notice and opportunity to be heard, the...

Section 12223. - 12223. The commissioner may require a licensee, in addition to...

Section 12225. - 12225. The commissioner may issue a duplicate of a license...

CHAPTER 4 - Licensee Regulations

Section 12300. - 12300. The commissioner may make general rules and regulations and...

Section 12300.1. - 12300.1. Licensees shall observe reasonable precautions against theft or alteration...

Section 12300.2. - 12300.2. Every person engaging in the business of a check...

Section 12300.3. - 12300.3. All funds received by a licensee or its agents...

Section 12300.4. - 12300.4. Prior to such separation and transmittal to the licensee...

Section 12300.5. - 12300.5. An amount equal to all such funds received by...

Section 12300.6. - 12300.6. Prior to separation and deposit by the licensee such...

Section 12301. - 12301. A licensee may establish branch offices or agencies if...

Section 12301.1. - 12301.1. A licensee within 10 days after establishing a mobile...

Section 12301.2. - 12301.2. A check, draft, or money order sold by a...

Section 12301.3. - 12301.3. A licensee shall not permit any officer, employee, or...

Section 12301.4. - 12301.4. A licensee shall terminate and cancel any agency immediately...

Section 12301.5. - 12301.5. No agent of a licensee shall issue or cause...

Section 12302. - 12302. Whenever a licensee desires to change his place of...

Section 12303. - 12303. Every licensee shall keep and use in his business...

Section 12304. - 12304. (a) Each licensee, except a special prorater, shall submit...

Section 12305. - 12305. For the purpose of discovering violations of this division...

Section 12306. - 12306. The cost of every examination of a licensee or...

Section 12307. - 12307. The commissioner may require the attendance of witnesses and...

Section 12307.1. - 12307.1. The commissioner may commence and prosecute actions and proceedings...

Section 12307.2. - 12307.2. If the commissioner finds as a result of an...

Section 12307.3. - 12307.3. Whenever as a result of an examination or report...

Section 12307.4. - 12307.4. Whenever the commissioner has taken possession of the property...

Section 12307.5. - 12307.5. (a) For any licensee, a disciplinary action taken by...

Section 12309. - 12309. (a) A schedule of the fees charged by a...

Section 12310. - 12310. A licensee under this division shall not sell checks...

Section 12311. - 12311. No licensee shall advertise, print, display, publish, distribute, or...

Section 12312. - 12312. An agreement between one licensed to engage in the...

Section 12313.5. - 12313.5. Nothing in this chapter shall be construed as authorizing...

Section 12314. - 12314. The total charges received by a prorater, or any...

Section 12314.1. - 12314.1. A cancellation fee or termination penalty may not be...

Section 12315. - 12315. A prorater shall not receive any fee unless he...

Section 12315.1. - 12315.1. A prorater shall notify, in writing, all creditors listed...

Section 12316. - 12316. If a prorater contracts for, receives or makes any...

Section 12317. - 12317. A prorater shall not purchase from a creditor any...

Section 12318. - 12318. A prorater shall not take: (a) Any contract, promise...

Section 12319. - 12319. Every contract between a prorater and a debtor shall:...

Section 12320. - 12320. A prorater shall deliver a copy of any contract...

Section 12321. - 12321. Unless paid by check or money order a prorater...

Section 12322. - 12322. At least once in each six (6) months, the...

Section 12323. - 12323. A prorater shall not lend money or credit. (Added...

Section 12324. - 12324. A prorater shall not: (a) Offer, pay, or give...

Section 12325. - 12325. A prorater shall not solicit or require a debtor...

Section 12326. - 12326. A special prorater shall not advertise in any manner...

Section 12327. - 12327. Nothing in this division shall be deemed to authorize...

Section 12328. - 12328. (a) No collection agency may be maintained in the...

Section 12329. - 12329. It shall be unlawful for any prorater to disclose...

Section 12330. - 12330. The commissioner shall have power and authority to promulgate...

Section 12331. - 12331. Within the organization of each prorater corporation, either as...

Section 12332. - 12332. (a) It is unlawful for any person to knowingly...

CHAPTER 5 - Revocation of Licenses

Section 12400. - 12400. The commissioner may, upon reasonable opportunity to be heard,...

Section 12401. - 12401. The commissioner may upon three days’ notice and a...

Section 12401.1. - 12401.1. The commissioner may by order summarily suspend or revoke...

Section 12402. - 12402. Except where a shorter time for setting the hearing...

Section 12403. - 12403. Every order, decision, license, or other official act of...

Section 12404. - 12404. (a) The commissioner may, after appropriate notice and opportunity...