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2009 California Financial Code - Section 33730-33733 :: Article 3. Reporting
FINANCIAL CODESECTION 33730-33733
33730. For purposes of this article, an agent of a licensee may report to such licensee a sale by such agent of a payment instrument issued by the licensee in such of the following ways as the licensee may specify for the agent: (a) By depositing the report in the mail, addressed to the licensee at such address as the licensee may designate for such purpose, with not less than first-class postage charges prepaid; or (b) By delivering the report to the licensee at such place as the licensee may designate for such purpose. 33731. Whenever any provision of this article requires a report by any agent of a licensee of the sale by such agent of a payment instrument issued by such licensee, such report shall contain the following information: (a) The face amount and serial number of such payment instrument, and the face amount and serial number of any payment instrument issued by the licensee which the agent sold before selling such payment instrument and the sale of which the agent has not yet reported; (b) In case the agent, at or before the time of any sale reported in the report, voided any payment instrument issued by the licensee and has not yet reported such voiding, the serial number of such payment instrument; (c) In case the agent (i) is authorized to redeem on behalf of the licensee payment instruments issued by the licensee, (ii) did, at or before the time of any sale reported in the report, redeem any payment instrument issued by the licensee, and (iii) has not yet reported such redemption, the face amount and serial number of such payment instrument; and (d) Such other information as the licensee (or, in the case of a report made under Section 33733, the commissioner) may provide. 33732. Each California agent of a licensee which sells any payment instrument issued by such licensee shall, and each licensee shall use its best efforts to require each of its agents which sells any payment instrument issued by such licensee to, report such sale to the licensee, as follows: (a) (1) In case the aggregate face amount of payment instruments issued by the licensee which are sold by the agent does not in any calendar week exceed one thousand dollars ($1,000), within 10 business days after the sale; and (2) In any other case, within seven days after the sale; or (b) Such shorter period after the sale as the licensee may provide. 33733. Notwithstanding the provisions of Section 33732, whenever a California agent of a licensee knows or has reason to know that the commissioner has suspended or revoked the license of such licensee or that the commissioner has issued an order taking possession of the property and business of the licensee, such agent shall immediately report to the licensee (or to the commissioner, if the commissioner so orders) each sale by the agent of a payment instrument issued by the licensee which the agent has not yet reported under this article.
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