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California · Through 2026-09-13

FIN § 3407

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Where this section sits in the code
  1. Financial Code - FIN
  2. DIVISION 1.25. Digital Financial Assets Businesses [3101. - 3907.]
  3. CHAPTER 4. Enforcement [3401. - 3415.]

(a) If a person other than a licensee has engaged, is engaging, or is about to engage in digital financial asset business activity with, or on behalf of, a resident in violation of this division, the department may assess a civil penalty against the person in an amount not to exceed one hundred thousand dollars ($100,000) for each day the person is in violation of this division.

(b) If a licensee or covered person materially violates a provision of this division, the department may assess a civil penalty in an amount not to exceed twenty thousand dollars ($20,000) for each day of violation or for each act or omission in violation.

(c) A civil penalty under this section continues to accrue until the date the violation ceases.

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

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