GroundRules
FIN § 23007
Where this section sits in the code
- Financial Code - FIN
- DIVISION 10. CALIFORNIA DEFERRED DEPOSIT TRANSACTION LAW [23000. - 23106.]
- CHAPTER 1. General Provisions [23000. - 23027.]
- ARTICLE 2. Licensing and Exemptions [23005. - 23014.]
The applicant shall file with the application financial statements prepared in accordance with generally accepted accounting principles and acceptable to the commissioner that indicate a net worth of at least twenty-five thousand dollars ($25,000). A licensee, regardless of the number of licensed locations, shall maintain a net worth of at least twenty-five thousand dollars ($25,000) at all times.
Collected 2026-09-14T05:56:33Z. Source file · JSON