Statute · California Financial Code
Cal. Fin. Code § 12301.5 — Licensee Regulations
Cal. Fin. Code § 12301.5
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
No agent of a licensee shall issue or cause to be issued any check, draft, or money order, or other commercial paper serving the same purpose which is drawn upon the trust account of a licensee without concurrently receiving in full, in cash, or by check, draft, or money order from a third party…
Citator
Cal. Fin. Code § 12301.5 — Licensee Regulations is in force in the current edition of the Code, and nothing recorded condemns it.
No agent of a licensee shall issue or cause to be issued any check, draft, or money order, or other commercial paper serving the same purpose which is drawn upon the trust account of a licensee without concurrently receiving in full, in cash, or by check, draft, or money order from a third party believed to be valid, the principal amount thereof.