CHAPTER 3. Licenses
Chapter 3 added by Stats. 2011, Ch. 243, Sec. 4.
§§ 2030–2043 · 14 sections
- § 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 in…
- § 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…
- § 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…
- § 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…
- § 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…
- § 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.…
- § 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…
- § 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…
- § 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),…
- § 2039 (a) The commissioner may, by order or regulation, grant exemptions from this section in cases in which the commissioner finds that the requirements of this…
- § 2040 (a) Subject to subdivision (b), a licensee shall maintain at all times a tangible net worth of the greater of one hundred thousand dollars ($100,000) or 3…
- § 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…
- § 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 licensees that…
- § 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…