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California Financial Code

§ 2062

FIN § 2062 Effective Jan 1, 2013Div. 1.2 · Ch. 4

Statute text

View on leginfo.ca.gov
A person may not provide money transmissions on behalf of a person not licensed or not exempt from licensure under this division. A person that engages in that activity provides money transmissions services to the same extent as if the person was a licensee, and shall be jointly and severally liable with the unlicensed or nonexempt person.

Legislative history

Amended by Stats. 2012, Ch. 356, Sec. 17. (SB 979) Effective January 1, 2013.

Source: California Financial Code § 2062 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.