California Financial Code

§ 2102

FIN § 2102 Effective Jan 1, 2015Div. 1.2 · Ch. 6

Statute text

(a)Every licensee or its agent shall refund to the customer within 10 days of receipt of the customer’s written request for a refund any and all money received for transmission unless any of the following occurs:

(1)The money has been forwarded within 10 days of the date of receipt.

(2)Instructions have been given committing an equivalent amount of money to the person designated by the customer within 10 days of the date of the receipt of the money from the customer.

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Legislative history

Amended by Stats. 2014, Ch. 499, Sec. 12. (AB 2209) Effective January 1, 2015.