California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 1.2. MONEY TRANSMISSION ACT |
Chapter 4. Agents |
Section 2062.
Latest version.
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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.
(Amended by Stats. 2012, Ch. 356, Sec. 17. Effective January 1, 2013.)