California § 23007. 23007. (Added by Stats. 2002, Ch. 777, Sec. 10.)

California Statutes

§ 23007. — 23007. (Added by Stats. 2002, Ch. 777, Sec. 10.)

California § 23007.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 10.[DIVISION 10. CONSUMER FINANCE LENDERS]

Ch. 1.CHAPTER 1. General Provisions

Art. 2.ARTICLE 2. Licensing and Exemptions

This text of California § 23007. (23007. (Added by Stats. 2002, Ch. 777, Sec. 10.)) 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 § 23007. (2026).

Text

The applicant shall file with the application financial statements prepared in accordance with generally accepted accounting principles and acceptable to the commissioner that indicate a net worth of at least twenty-five thousand dollars ($25,000). A licensee, regardless of the number of licensed locations, shall maintain a net worth of at least twenty-five thousand dollars ($25,000) at all times.

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The applicant shall file with the application financial statements prepared in accordance with generally accepted accounting principles and acceptable to the commissioner that indicate a net worth of at least twenty-five thousand dollars ($25,000). A licensee, regardless of the number of licensed locations, shall maintain a net worth of at least twenty-five thousand dollars ($25,000) at all times.

Legislative History

Added by Stats. 2002, Ch. 777, Sec. 10. Effective January 1, 2003. Section operative on December 31, 2004, or sooner, pursuant to Section 23104.

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California § 23007., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/23007..