California Financial Code CHAPTER 1 - Definitions

• Section 12000.
  This division is known and may be cited as the Check Sellers, Bill Payers and Proraters Law.(Amended by Stats. 1983, Ch. 660, Sec. 1.)
• Section 12001.
  Unless the context otherwise requires, the definitions set forth in this chapter govern the construction of this division.(Enacted by Stats. 1951, Ch. 364.)
• Section 12002.
  A check seller is a person: (a) who, for compensation, engages, in whole or in part, in the business of selling checks, drafts, money orders,...
• Section 12002.1.
  A prorater is a person who, for compensation, engages in whole or in part in the business of receiving money or evidences thereof for the...
• Section 12002.2.
  A business agent, for the purpose of this division is a person who engages in business as a prorater as defined in Section 12002.1 as...
• Section 12003.
  “Commissioner” means the Commissioner of Business Oversight, or any deputy, investigator, auditor, or any other person employed by him or her.(Amended by Stats. 2013, Ch....
• Section 12004.
  “Licensee” means any individual or corporation licensed by the commissioner to engage in the business of a business agent, and any corporation licensed by the...
• Section 12005.
  “Mobile unit” means a vehicle or other movable means from which the business of selling checks, drafts, or money orders is conducted.(Amended by Stats. 1983,...

Last modified: October 22, 2018