Fin. Code, § 12200.5 · Chapter 3. Licensing
Fin. Code, § 12200.5
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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 a qualified applicant to engage in business as a business agent.
(b) A general proraters license shall be issued to all other qualified applicants.
Whenever the term “prorater” is used in this division with reference to a licensee it shall be deemed to mean a general prorater unless otherwise provided.
Notes and commentary — not statutory text
History
Added by Stats. 1957, Ch. 498.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=12200.5.
- Text hash
- sha256 6ececdd6d4f3da1e7ad34501c32fd8c569b1be5c680e768de53c4b5940e33773
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.