Deferred deposit transactions: recipients of unemployment benefits.

Existing law, the California Deferred Deposit Transaction Law, prohibits a person from offering, originating, making, or arranging a deferred deposit transaction without first obtaining a license from the Commissioner of Corporations. Existing law authorizes a licensee to defer the deposit of a customer's personal check for up to 31 days and prohibits the face amount of the check from exceeding $300. Existing law prohibits a fee for a deferred deposit transaction from exceeding 15% of the face amount of the check and prohibits a licensee from directly or indirectly charging other fees, except as specified. Existing law makes a willful violation of these provisions a crime.