California Statutes
§ 2002. — 2002. (Amended by Stats. 2023, Ch. 463, Sec. 1.)
California·Code FIN Financial Code - FIN·Div. 1.2. DIVISION 1.2. MONEY TRANSMISSION ACT·Ch. 1. CHAPTER 1. General Provisions
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.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 2002. (2002. (Amended by Stats. 2023, Ch. 463, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2023, Ch. 463, Sec. 1. (AB 1116) Effective January 1, 2024.