{"code":"FIN","codeName":"Financial Code","section":"12301.5","citation":"Fin. Code, § 12301.5","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 3. CHECK SELLERS, BILL PAYERS, AND PRORATERS [12000. - 12404.]","url":"https://blackletter.si/financial-code/division-3"},{"name":"CHAPTER 4. Licensee Regulations [12300. - 12332.]","url":"https://blackletter.si/financial-code/division-3/chapter-4"}],"history":"Added by Stats. 1963, Ch. 1817.","effective":null,"html":"<p>No agent of a licensee shall issue or cause to be issued any check, draft, or money order, or other commercial paper serving the same purpose which is drawn upon the trust account of a licensee without concurrently receiving in full, in cash, or by check, draft, or money order from a third party believed to be valid, the principal amount thereof.</p>","text":"No agent of a licensee shall issue or cause to be issued any check, draft, or money order, or other commercial paper serving the same purpose which is drawn upon the trust account of a licensee without concurrently receiving in full, in cash, or by check, draft, or money order from a third party believed to be valid, the principal amount thereof.","otherVersions":[],"url":"https://blackletter.si/financial-code/licensee-regulations-12301-5","source":"California Legislative Information bulk export (pubinfo)"}