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California · Through 2026-09-13

FIN § 12200.5

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Where this section sits in the code
  1. Financial Code - FIN
  2. DIVISION 3. CHECK SELLERS, BILL PAYERS, AND PRORATERS [12000. - 12404.]
  3. CHAPTER 3. Licensing [12200. - 12225.]

The commissioner shall classify and license applicants for a proraters license in accordance with the nature of their existing or proposed business and the extent of regulation required thereby in the public interest as follows:

(a) A special proraters license shall be issued to a qualified applicant to engage in business as a business agent.

(b) A general proraters license shall be issued to all other qualified applicants.

Whenever the term “prorater” is used in this division with reference to a licensee it shall be deemed to mean a general prorater unless otherwise provided.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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