Financial Code - FIN
DIVISION 1.2. MONEY TRANSMISSION ACT [2000 - 2176]
( Division 1.2 added by Stats. 2011, Ch. 243, Sec. 4. ) CHAPTER 3. Licenses [2030 - 2043]
( Chapter 3 added by Stats. 2011, Ch. 243, Sec. 4. ) 2041.
(a) A licensee shall conduct money transmission in California under its true name unless it has complied with Chapter 5 (commencing with Section 17900) of Part 3 of Division 7 of the Business and Professions Code.
(b) A licensee may only conduct money transmission in California under its true name unless it has provided 30-day advance written notice to the commissioner. A licensee may also use a trade
name or logo, so long as there is reasonable disclosure of its true name.
(Added by Stats. 2011, Ch. 243, Sec. 4. (SB 664) Effective January 1, 2012.)