California Financial Code

§ 2001

FIN § 2001 Effective Jan 1, 2015Div. 1.2 · Ch. 1

Statute text

The Legislature finds and declares all of the following:

(a)Money transmission businesses conduct a significant amount of business in this state and technological advances are occurring in the provision of money transmission services, which have expanded money transmission to include the use of mobile applications, alternative point of sale systems, and other consumer payment systems.

(b)Persons who use money transmission businesses in this state use those businesses for, among other purposes, paying for the necessities of life and transmitting money to family members.

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Legislative history

Amended by Stats. 2014, Ch. 499, Sec. 1. (AB 2209) Effective January 1, 2015.