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Financial Code - FIN - FIN § 1211
Financial Code - FIN - FIN § 1211
A bank at any time may, with the approval of its board, issue, sell or hypothecate its capital notes or debentures which may be payable upon such terms and may bear such rate of interest, if any, as may be provided therein or which may be convertible into shares. Such capital not
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Financial Code - FIN - FIN § 1212
Financial Code - FIN - FIN § 1212
Nothing contained in this chapter shall affect the Corporate Securities Law of 1968, Division 1 (commencing with Section 25000) of Title 4 of the Corporations Code.
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Financial Code - FIN - FIN § 12200
Financial Code - FIN - FIN § 12200
No person shall engage in the business, for compensation, of selling checks, drafts, money orders, or other commercial paper serving the same purpose, or of receiving money as agent of an obligor for the purpose of paying bills, invoices, or accounts of such obligor, or acting as
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Financial Code - FIN - FIN § 12200.2
Financial Code - FIN - FIN § 12200.2
A license as a business agent or special prorater may be issued to an individual.
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Financial Code - FIN - FIN § 12200.5
Financial Code - FIN - FIN § 12200.5
The commissioner shall classify and license applicants for a proraters license in accordance with the nature of their existing or proposed business and the extent of regulation required thereby in the public interest as follows: (a) A special proraters license shall be issued to
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Financial Code - FIN - FIN § 12201
Financial Code - FIN - FIN § 12201
(a) An application for a license shall be in writing, under oath, and in a form prescribed by the commissioner and shall contain the name, and the address both of the residence and place of business, of the applicant and if the applicant is a partnership or association, of every
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Financial Code - FIN - FIN § 12202
Financial Code - FIN - FIN § 12202
If the business is to be conducted at a specific address or addresses, the address or addresses at which the business is to be conducted shall be included in the application.
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Financial Code - FIN - FIN § 12203
Financial Code - FIN - FIN § 12203
If the business is to be conducted from a mobile unit, the California state registration number or other identification of such mobile unit and the area in which the applicant proposes to operate such mobile unit shall be included in the application.
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Financial Code - FIN - FIN § 12204
Financial Code - FIN - FIN § 12204
The application shall specify the type of business for which a license is requested and shall also contain such other information as the commissioner may reasonably require.
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Financial Code - FIN - FIN § 12205
Financial Code - FIN - FIN § 12205
(a) A licensed bill payer, general prorater, or special prorater who does not qualify to make use of agencies in the conduct of its business at all times shall maintain a surety bond in an amount as required by subdivision (a) of Section 12206 and assets of at least ten thousand
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Financial Code - FIN - FIN § 12206
Financial Code - FIN - FIN § 12206
(a) If the applicant is to engage in the business of receiving money for the purpose of paying bills, invoices or accounts of an obligor, the applicant shall file with the commissioner concurrently with its application for a license, a surety bond to be approved by the commission
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Financial Code - FIN - FIN § 12207
Financial Code - FIN - FIN § 12207
The bond shall be approved by the commissioner. The bond shall run to the state for the use of the state and of any person who has a cause of action against the principal under the provisions of this division.
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Financial Code - FIN - FIN § 12208
Financial Code - FIN - FIN § 12208
The bond shall be conditioned that the obligor will faithfully conform to and abide by the provisions of this division and of all rules and regulations made by the commissioner pursuant to this division, and will honestly and faithfully apply all funds received and will faithfull
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Financial Code - FIN - FIN § 12209
Financial Code - FIN - FIN § 12209
The bond shall remain in force and effect until the surety is released from liability by the commissioner, or until the bond is canceled by the surety.
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Financial Code - FIN - FIN § 12212
Financial Code - FIN - FIN § 12212
No action may be brought on the bond by any person after the expiration of two years from the time when the act or default complained of occurred.
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Financial Code - FIN - FIN § 12213
Financial Code - FIN - FIN § 12213
When an action is commenced on the bond of a licensee the commissioner may require the filing of a new bond, and immediately upon the recovery of any action on the bond the licensee shall file a new bond. Failure to file a new bond within 10 days of the recovery on a bond, or wit
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Financial Code - FIN - FIN § 12214
Financial Code - FIN - FIN § 12214
(a) An applicant at the time of filing an application for a license under this division shall pay to the commissioner the sum of fifty dollars ($50) as a fee for investigating the application and two hundred dollars ($200) as an application fee. The investigation fee and applicat
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Financial Code - FIN - FIN § 12216
Financial Code - FIN - FIN § 12216
(a) Upon the filing of the application and the payment of the fees and the approval of the bond, the commissioner shall investigate and examine the following: (1) The background and experience of the applicant and of the partners or members thereof if the applicant is a partnersh
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Financial Code - FIN - FIN § 12217
Financial Code - FIN - FIN § 12217
Each license shall state the following: (a) The name of the licensee, and if the licensee is a partnership or association the names of the members, or if the licensee is a corporation the date and place of its incorporation. (b) The address at which such business is to be conduct
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Financial Code - FIN - FIN § 12218
Financial Code - FIN - FIN § 12218
The license shall be kept conspicuously posted in the principal place of business of the licensee.
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Financial Code - FIN - FIN § 12219
Financial Code - FIN - FIN § 12219
The license is not transferable or assignable.
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Financial Code - FIN - FIN § 12220
Financial Code - FIN - FIN § 12220
The commissioner may by regulation require licensees to file at such times as he may specify such information as the commissioner may reasonably require regarding any changes in the information provided in any application filed pursuant to this division.
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Financial Code - FIN - FIN § 12221
Financial Code - FIN - FIN § 12221
Upon reasonable notice and opportunity to be heard, the commissioner may deny the application for the license for any of the following reasons: (a) A false statement of a material fact has been made in the application for license. (b) Any officer, director, or member of the appli
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Financial Code - FIN - FIN § 12223
Financial Code - FIN - FIN § 12223
The commissioner may require a licensee, in addition to the bond provided in Section 12206, to obtain an adequate fidelity bond for each officer, employee, agent, or any person having access to funds collected by or for the licensee or having authority to draw against such funds
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Financial Code - FIN - FIN § 12225
Financial Code - FIN - FIN § 12225
The commissioner may issue a duplicate of a license that has been lost, stolen, or destroyed, or for a certificate which the licensee desires to replace, upon satisfactory proof of such loss, theft, or destruction, or upon surrender of a certificate for replacement and the paymen