DIVISION 1.2. MONEY TRANSMISSION ACT 2000-2176›CHAPTER 4. Agents 2060-2063
§ 2062
California Financial Code · 2020-11 edition · updated 2026-10-04 · California
A person may not provide money transmissions on behalf of a person not licensed or not exempt from licensure under this division. A person that engages in that activity provides money transmissions services to the same extent as if the person was a licensee, and shall be jointly and severally liable with the unlicensed or nonexempt person.
(Amended by Stats. 2012, Ch. 356, Sec. 17. (SB 979) Effective January 1, 2013.)
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