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AB-1333 Check sellers, bill payers, and proraters.(2021-2022)

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Date Published: 02/20/2021 04:00 AM
AB1333:v99#DOCUMENT


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.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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.