Laws and Regulations, California Codes
Financial Code, Division 1.2, Chapter 3

• 2030: (a) A person shall not engage in the business of money transmission in this state, or advertise, sol...
• 2031: (a) No person other than a corporation or limited liability company may apply for or be issued a lic...
• 2032: (a) In this section, "material litigation" means litigation that according to United States generall...
• 2033: (a) The commissioner may conduct an examination of the applicant and the applicant shall pay the rea...
• 2034: (a) Before any corporation or limited liability company is issued a license, the corporation or limi...
• 2035: (a) No person shall, directly or indirectly, acquire control of a licensee unless the commissioner h...
• 2036: The commissioner may impose on any authorization, approval, license, or order issued pursuant to thi...
• 2037: (a) As security, each licensee shall deposit and thereafter maintain on deposit with the Treasurer c...
• 2038: Fees shall be paid to, and collected by, the commissioner, as follows: (a) The fee for filing an app...
• 2039: (a) The commissioner may by order or regulation grant exemptions from this section in cases where th...
• 2040: (a) A licensee under this chapter shall maintain tangible shareholders' equity in an amount determin...
• 2041: (a) A licensee shall conduct money transmission in California under its true name unless it has comp...
• 2042: (a) In addition to the fees provided in Section 2038, the commissioner shall levy an assessment each...