At any time, if the commissioner deems it necessary for the general welfare of the public, he or she may exercise any power set forth in this division with respect to a money transmission business, regardless of whether an application for a license has been filed with the commissioner, a license has been issued, or, if issued, the license has been surrendered, suspended, or revoked.
Cal. Fin. Code § 2176
Miscellaneous Provisions
Known as the Money Transmission Act
The act spans §§ 2000–2176 (63 sections).
Added by Stats. 2014, Ch. 499, Sec. 17
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.