California Financial Code

§ 21405

FIN § 21405 Effective Jan 1, 2025Div. 8 · Ch. 4

Statute text

(a)The council shall, on or before January 1, 2026, develop and establish a standard course and curriculum in pawnbroker transactions that shall include at least eight hours of prelicensing education to be taken by an applicant for licensure, and eight hours of continuing education to be taken by a licensee or their designated representative.

(b)The curriculum established by the council shall meet minimum standards for education in the following areas:

(1)Compliance with federal laws applicable to the pawnbroker business, including, but not limited to, bankruptcy, search and seizure, anti-money laundering, and lending laws.

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Legislative history

Added by Stats. 2024, Ch. 223, Sec. 3. (AB 2231) Effective January 1, 2025. Repealed as of January 1, 2029, pursuant to Section 21413.