A business agent, for the purpose of this division is a person who engages in business as a prorater as defined in Section 12002.1 as an incident to the business of advising, counseling, or directing persons in their investments, and in the organization and management of their affairs under an exclusive contract, the primary purpose of which is not the liquidation of existing indebtedness.
Cal. Fin. Code § 12002.2
Definitions
Known as the Check Sellers, Bill Payers and Proraters Law
The act spans §§ 12000–12005 (8 sections).
Added by Stats. 1959, Ch. 1506.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.