California Financial Code CHAPTER 3 - Licenses

  • Section 2030.
    (a) A person shall not engage in the business of money transmission in this state, or advertise, solicit, or hold itself out as providing money transmission...
  • Section 2031.
    Only the following persons may apply for or be issued a license:(a) A corporation or limited liability company organized under the laws of this state.(b) A corporation,...
  • Section 2032.
    (a) An applicant for licensure under this division shall pay to the commissioner a nonrefundable fee of five thousand dollars ($5,000).(b) An applicant for a license under...
  • Section 2033.
    (a) The commissioner may conduct an examination of the applicant and the applicant shall pay the reasonable cost of the examination.(b) If the commissioner finds all of...
  • Section 2034.
    (a) Before any corporation or limited liability company is issued a license, the corporation or limited liability company shall file with the commissioner, in such form...
  • Section 2035.
    (a) No person shall, directly or indirectly, acquire control of a licensee unless the commissioner has first approved, in writing, the acquisition of control. An application...
  • Section 2036.
    The commissioner may impose on any authorization, approval, license, or order issued pursuant to this division any conditions that are necessary for the safety and...
  • Section 2037.
    (a) As security, each licensee shall deposit and thereafter maintain on deposit with the Treasurer cash in an amount not less than, or securities having a...
  • Section 2038.
    Fees shall be paid to, and collected by, the commissioner, as follows:(a) The fee for filing an application for a license is five thousand dollars ($5,000),...
  • Section 2039.
    (a) The commissioner may by order or regulation grant exemptions from this section in cases where the commissioner finds that the requirements of this section are...
  • Section 2040.
    (a) An applicant shall possess, and a licensee shall maintain at all times, tangible shareholder’s equity of two hundred fifty thousand dollars ($250,000) to five hundred...
  • Section 2041.
    (a) A licensee shall conduct money transmission in California under its true name unless it has complied with Chapter 5 (commencing with Section 17900) of Part...
  • Section 2042.
    (a) In addition to the fees provided in Section 2038, the commissioner shall levy an assessment each fiscal year, on a pro rata basis, on those...
  • Section 2043.
    (a) On or before April 1, 2013, and annually thereafter, each licensee shall provide its agents under contract with training materials on recognizing elder or dependent...

Last modified: October 22, 2018