CALIFORNIA LEGISLATURE 20252026 REGULAR SESSION Assembly Bill No. 1052Introduced by Assembly Member ValenciaFebruary 20, 2025 An act to amend Section 2000 of the Financial Code, relating to financial institutions. LEGISLATIVE COUNSEL'S DIGESTAB 1052, as introduced, Valencia. Money Transmission Act.Existing law, the Money Transmission Act, prohibits a person from engaging in the business of money transmission in this state, or advertising, soliciting, or holding itself out as providing money transmission in this state, unless the person is licensed or exempt from licensure or is an agent of a person licensed or exempt from licensure.This bill would make a nonsubstantive change to the provisions naming the Money Transmission Act.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 2000 of the Financial Code is amended to read:2000. This division shall be known and may be cited as the Money Transmission Act.
CALIFORNIA LEGISLATURE 20252026 REGULAR SESSION Assembly Bill No. 1052Introduced by Assembly Member ValenciaFebruary 20, 2025 An act to amend Section 2000 of the Financial Code, relating to financial institutions. LEGISLATIVE COUNSEL'S DIGESTAB 1052, as introduced, Valencia. Money Transmission Act.Existing law, the Money Transmission Act, prohibits a person from engaging in the business of money transmission in this state, or advertising, soliciting, or holding itself out as providing money transmission in this state, unless the person is licensed or exempt from licensure or is an agent of a person licensed or exempt from licensure.This bill would make a nonsubstantive change to the provisions naming the Money Transmission Act.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20252026 REGULAR SESSION
Assembly Bill
No. 1052
Introduced by Assembly Member ValenciaFebruary 20, 2025
Introduced by Assembly Member Valencia
February 20, 2025
An act to amend Section 2000 of the Financial Code, relating to financial institutions.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 1052, as introduced, Valencia. Money Transmission Act.
Existing law, the Money Transmission Act, prohibits a person from engaging in the business of money transmission in this state, or advertising, soliciting, or holding itself out as providing money transmission in this state, unless the person is licensed or exempt from licensure or is an agent of a person licensed or exempt from licensure.This bill would make a nonsubstantive change to the provisions naming the Money Transmission Act.
Existing law, the Money Transmission Act, prohibits a person from engaging in the business of money transmission in this state, or advertising, soliciting, or holding itself out as providing money transmission in this state, unless the person is licensed or exempt from licensure or is an agent of a person licensed or exempt from licensure.
This bill would make a nonsubstantive change to the provisions naming the Money Transmission Act.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 2000 of the Financial Code is amended to read:2000. This division shall be known and may be cited as the Money Transmission Act.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 2000 of the Financial Code is amended to read:2000. This division shall be known and may be cited as the Money Transmission Act.
SECTION 1. Section 2000 of the Financial Code is amended to read:
### SECTION 1.
2000. This division shall be known and may be cited as the Money Transmission Act.
2000. This division shall be known and may be cited as the Money Transmission Act.
2000. This division shall be known and may be cited as the Money Transmission Act.
2000. This division shall be known and may be cited as the Money Transmission Act.