California § 2061. 2061. (Added by Stats. 2011, Ch. 243, Sec. 4.)

California Statutes

§ 2061. — 2061. (Added by Stats. 2011, Ch. 243, Sec. 4.)

California § 2061.

Code FINFinancial Code - FIN

Div. 1.2.DIVISION 1.2. MONEY TRANSMISSION ACT

Ch. 4.CHAPTER 4. Agents

This text of California § 2061. (2061. (Added by Stats. 2011, Ch. 243, Sec. 4.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 2061. (2026).

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.

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(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.

Legislative History

Added by Stats. 2011, Ch. 243, Sec. 4. (SB 664) Effective January 1, 2012.

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California § 2061., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/2061..