California Financial Code

§ 2060

FIN § 2060 Effective Jan 1, 2013Div. 1.2 · Ch. 4

Statute text

(a)In this section, “remit” means to make direct payments of money to a licensee or its representative authorized to receive money or to deposit money in a bank in an account specified by the licensee.

(b)No licensee shall appoint or continue any person as agent, unless the licensee and the person have made a written contract. A written contract between a licensee and an agent shall require the agent to operate in full compliance with this division.

(c)The written contract shall contain each of the following provisions:

…

Legislative history

Amended by Stats. 2012, Ch. 356, Sec. 16. (SB 979) Effective January 1, 2013.