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MoFo Reenforcement The Enforcement Blog

Tag Archives: DBO

California Invites Comments on Agent of a Payee Exemption—Rulemaking to Follow

Posted in Regulatory Developments

The California Department of Business Oversight (“DBO”) has issued an Invitation for Comments relating to the scope of the “agent of a payee” exemption under the Money Transmission Act, Cal. Fin. Code § 2000 et seq. Comments are due on April 9. According to the DBO, it is seeking comments because it intends to develop… Read More