- Stage
- Became law
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- Oct 4, 2021
What it does
Existing law establishes the Money Transmission Act to protect the interests of persons in this state who use money transmission services. The act prohibits a person from engaging in the business of money transmission in the state, as specified, unless the person is licensed or exempt from licensure. The act places various requirements on licensees, including requiring each licensee to give a customer a receipt containing specified information at the time of a money transmission transaction, and to post a notice on their premises informing individuals where complaints relating to money transmission activities at the location may be directed.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
Once a bill is decided, the questions are about what is done with it in California.