Financial Code section 2062

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.

Source: Section 2062, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=2062. (updated Jan. 1, 2013; accessed Jul. 7, 2025).

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Jul. 7, 2025

§ 2062's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_2062

Original Source: Section 2062, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=2062. (last accessed May 12, 2025).