California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 80 - Money Transmission
Article 5 - Issuance of License
Subarticle 4 - Post-Approval Matters
Section 80.4310 - Report Regarding Differences from Application
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Not more than 30 days nor less than five business days before an applicant is issued a license, such applicant shall file with the Commissioner a report signed by an executive officer of the applicant, stating whether or not the applicant or the applicant's plan for transacting in the State of California the business of money transmission is or is to be different in any material respect from what was set forth in its application for a license and, if so, describing such difference.
(b) As an administrative standard, if the Commissioner finds that an applicant or the applicant's plan for transacting in the State of California the business money transmission is or is to be different in any material respect from what was set forth in its application for a license and that, if such difference had existed at the time when the Commissioner decided such application, the Commissioner would have denied the application, the Commissioner will revoke his approval of the application and will not issue a license to the applicant.
1. Change
without regulatory effect amending section filed 8-19-97 pursuant to section
100, title 1, California Code of
Regulations (Register 97, No. 34).
2. Amendment of subsection (a)
and NOTE filed 4-14-98; operative 5-14-98 (Register 98, No. 16).
3.
Amendment of section and NOTE filed 8-11-2015; operative 10-1-2015 (Register
2015, No. 33).
Note: Authority cited: Section 2032, Financial Code. Reference: Section 2032, Financial Code.
