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2020 California Code
Financial Code - FIN
DIVISION 3 - CHECK SELLERS, BILL PAYERS, AND PRORATERS
CHAPTER 3 - Licensing
Section 12200.5.
Universal Citation: CA Fin Code § 12200.5 (2020)
12200.5.
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.
(Added by Stats. 1957, Ch. 498.)
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