Ca_Law

statute | California

Financial Code - FIN - FIN § 2061

  • UIDca_leginfo_codes:fin-2061
  • CitationFinancial Code - FIN - FIN § 2061
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(a) No licensee shall appoint any person as an agent unless it has conducted a review of the proposed agent’s fitness to act as an agent and has determined that the proposed agent and any persons who control the proposed agent are of good character and sound financial standing. (

Text

(a)
No licensee shall appoint any person as an agent unless it has conducted a review of the proposed agent’s fitness to act as an agent and has determined that the proposed agent and any persons who control the proposed agent are of good character and sound financial standing.
(b)
A licensee shall maintain records of this review for each agent while the agent is providing money transmission on behalf of
the licensee, and for three years after the relationship with the agent has terminated.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 2061

    (a) No licensee shall appoint any person as an agent unless it has conducted a review of the proposed agent’s fitness to act as an agent and has determined that the proposed agent and any persons who control the proposed agent are of good character and sound financial standing. (b) A licensee shall maintain records…