§ 2101

California Financial Code · 2026 edition · updated 2026-10-04 · California

Every licensee or its agent shall forward all money received for transmission or give instructions committing equivalent money to the person designated by the customer. Unless the transmission is for the payment of goods or services or unless otherwise ordered by his or her customer, this requirement shall be satisfied within 10 days after receiving that money.

(Amended by Stats. 2013, Ch. 533, Sec. 7. (AB 786) Effective January 1, 2014.)

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California Financial Code

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