Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 80 - Money TransmissionArticle 1 - General ProvisionsSubarticle 2 - Definitions
Part 2 - Definitions-Money Transmission Act
Section 80.126.20 - Agent of Payee Exemption is Unavailable for Stored Value

Cal. Code Regs. tit. 10 § 80.126.20

Download
PDF
Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 80.126.20 - Agent of Payee Exemption is Unavailable for Stored Value

The exemption in Financial Code section 2010, subdivision (1), does not apply to the sale or issuance of stored value, as defined in Financial Code section 2003, subdivision (x).

Cal. Code Regs. Tit. 10, § 80.126.20

1. New section filed 6-7-2021; operative 10-1-2021 (Register 2021, No. 24). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.

Note: Authority cited: Sections 321 and 334, Financial Code. Reference: Section 2010, Financial Code.

1. New section filed 6-7-2021; operative 10/1/2021 (Register 2021, No. 24). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.