Cal. Code Regs. tit. 10 § 95.600

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 95.600 - Notice of Fingerprint Processing Requirements

The following is an illustration of Department Form DBO -- 600:

STATE OF CALIFORNIA -- BUSINESS, CONSUMER SERVICES AND HOUSING AGENCY NOTICE OF FINGERPRINT PROCESSING REQUIREMENTS UNDER THE CALIFORNIA MONEY TRANSMISSION ACT DBO -- 600 NOTICE OF FINGERPRINT PROCESSING REQUIREMENTS UNDER THE CALIFORNIA MONEY TRANSMISSION ACT

The Applicant Live Scan program is a system for the electronic submission of fingerprints and the subsequent automated background check and response. The response time from the Department of Justice when using the Applicant Live Scan program is faster with fewer rejections.

The applicant should complete Department of Justice Form BCIA 8016, Request for Live Scan Service. The applicant should indicate Money Transmitter License under "Type of Application." The applicant must take the three-part form to a Live Scan location to have their fingerprints taken by the operator. The applicant's fingerprints will be transmitted electronically to the Department of Justice for processing. The applicant will be required to pay the fees charged by the Department of Justice for processing the fingerprints directly to the Live Scan operator.

Please go to the Attorney General's website at: http://caag.state.ca.us/fingerprints/publications/contact.html for current information concerning the location of live scan terminals. You may also call the Department's Call center at (866) 275-2677 for information on a Live Scan location.

1. Please submit the following when applying for a license under the California Money Transmission Act, in order to comply with the fingerprint processing requirements of Financial Code Sections 379 and 2032.

a. Processing fee at the current rate charged by the California Department of Justice for each form submitted.

b. D.O.J. Form BCIA 8016, "Requesting Agency Copy" as proof of Live Scan completion.

2. Fingerprint information by Live Scan and the cost of fingerprint processing are to be submitted for the following persons:

a. The applicant;

b. Executive Officers and directors of the applicant;

c. Control persons of the applicant;

d. Executive Officers and directors of each control person of the applicant;

e. The general partners, officers, directors and person owning or controlling, directly or indirectly, 10% or more of the outstanding interests or equity securities of the applicant; and

f. Other key persons involved, such as managers/members, trustees, any other officers with direct responsibility for the conduct of applicant's money transmission activities, and the persons who will be in charge of the place of business.

3. NO LICENSE WILL BE ISSUED UNTIL CLEARANCE IS RECEIVED FOR ALL PERSONS REQUIRED TO SUBMIT FINGERPRINT INFORMATION UNDER THE CALIFORNIA MONEY TRANSMISSION ACT.

4. All application and fingerprint information is to be submitted to the Department's San Francisco office at:

Department of Business Oversight

45 Fremont Street, Suite 1700

San Francisco, CA 94105-2219

For any questions, contact the Department at:

1-866-275-2677

Cal. Code Regs. Tit. 10, § 95.600

1. New section filed 8-11-2015; operative 10-1-2015 (Register 2015, No. 33).

Note: Authority cited: Sections 321 and 334, Financial Code. Reference: Sections 379, 1250 and 2032, Financial Code.

1. New section filed 8-11-2015; operative 10/1/2015 (Register 2015, No. 33).