AB1333:v99#DOCUMENTBill Start
CALIFORNIA LEGISLATURE—
2021–2022 REGULAR SESSION
Assembly Bill
No. 1333
Introduced by Assembly Member Wicks
|
February 19, 2021 |
An act to amend Section 12000 of the Financial Code, relating to financial regulation.
LEGISLATIVE COUNSEL'S DIGEST
AB 1333, as introduced, Wicks.
Check sellers, bill payers, and proraters.
Existing law, the Check Sellers, Bill Payers and Proraters Law, defines and regulates the activities of check sellers, bill payers, and proraters. Existing law defines a check seller as, among other things, a person who, for compensation, engages in the business of selling checks, drafts, money orders, or other commercial paper or for receiving money as agent of an obligor for the purpose of paying bills, invoices, or accounts of an obligor.
This bill would make nonsubstantive changes in the title of the Check Sellers, Bill Payers and Proraters Law.
Digest Key
Vote:
MAJORITY
Appropriation:
NO
Fiscal Committee:
NO
Local Program:
NO
Bill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 12000 of the Financial Code is amended to read:12000.
This division is known known, and may be cited cited, as the Check Sellers, Bill Payers and Proraters Law.