California Financial Code Division 20.5 - Exchange Facilitators

  • Section 51000.
    As used in this division, the following terms shall have the following meanings:(a) Client means the taxpayer with whom the exchange facilitator enters into an...
  • Section 51001.
    (a) A person who engages in business as an exchange facilitator shall notify all existing exchange clients whose relinquished property is located in this state,...
  • Section 51003.
    (a) A person who engages in business as an exchange facilitator shall at all times comply with one or more of the following:(1) Maintain a...
  • Section 51005.
    Any person claiming to have sustained damage by reason of the failure of a person engaging in business as an exchange facilitator to comply with...
  • Section 51007.
    (a) A person who engages in business as an exchange facilitator shall at all times comply with either of the following:(1) Maintain a policy of...
  • Section 51009.
    (a) A person who engages in business as an exchange facilitator shall have the responsibility to act as a custodian for all exchange funds, including,...
  • Section 51011.
    A person engaged in business as an exchange facilitator shall not do any of the following:(a) Make any material misrepresentations concerning any like-kind exchange transaction...
  • Section 51013.
    A person who violates this division is subject to civil suit in a court of competent jurisdiction.(Added by Stats. 2008, Ch. 708, Sec. 2. Effective...

Last modified: September 9, 2016