A check seller is a person: (a) who, for compensation, engages, in whole or in part, in the business of selling checks, drafts, money orders, or other commercial paper serving the same purpose, or receiving money as agent of an obligor for the purpose of paying to a person other than the check seller bills, invoices, or accounts of such obligor, or (b) who, without direct compensation and not as an authorized agent for a utility company, accepts money for the purpose of forwarding it to others in payment of utility bills.
Cal. Fin. Code § 12002
Definitions
Known as the Check Sellers, Bill Payers and Proraters Law
The act spans §§ 12000–12005 (8 sections).
Applied in 2 court decisions — leading case Crawford v. Farmers Group, Inc. (1984)
Most recently applied in Travelers Express Co. v. Washington (In Re Washington) (October 1989)
Amended by Stats. 1983, Ch. 660, Sec. 2.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.