Fin. Code, § 2002 · Chapter 1. General Provisions
Fin. Code, § 2002
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
It is the intent of the Legislature that the provisions of this act accomplish all of the following:
(a) Protect the interests of persons in this state who use money transmission services.
(b) Provide for the safe and sound conduct of the business of licensees.
(c) Maintain public confidence in licensees.
(d) Ensure states can coordinate in all areas of regulation, licensing, and supervision to eliminate unnecessary regulatory burden and more effectively utilize regulator resources.
(e) Standardize the types of activities that are subject to licensing or exempt from licensing.
(f) Authorize the utilization of Nationwide Multistate Licensing System and Registry forms, processes, and functionalities in accordance with this act.
Notes and commentary — not statutory text
History
Amended by Stats. 2023, Ch. 463, Sec. 1. (AB 1116) Effective January 1, 2024.
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=2002.
- Text hash
- sha256 9b693b4838193962f77754ce12df969a81b769056cd9fd81f594cefc454788fc
- 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.