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 80.4311 - Expiration and Extension of Approval of Application for License

Universal Citation: 10 CA Code of Regs 80.4311

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) The Commissioner's approval of an application for a license shall, unless extended by the Commissioner, expire three months after the date of such approval.

(b) An application for an extension of the Commissioner's approval of an application for a license shall contain the following information:

(1) Date on which the approval is scheduled to expire.

(2) Description of the applicant's progress to date in preparing to commence transacting in the State of California the business of money transmission.

(3) Proposed timetable for completing preparations to commence transacting in the State of California the business of money transmission.

(4) Amount of additional time requested for completing preparations to commence transacting in the State of California the business of money transmission.

(5) Statement of reasons why such additional time is required for completing preparations to commence transacting in the State of California the business of money transmission.

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

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

Disclaimer: These regulations may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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