# Cal. FIN § 2033: Section 2033

> California · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2033

## Section

- **Citation:** Cal. FIN § 2033
- **Heading:** Section 2033
- **Jurisdiction:** California
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** California Code / Code fin / Division 1.2 / Chapter 3 / Section 2033

## Text

(a) The commissioner may conduct an examination of the applicant and the applicant shall pay the reasonable cost of the examination.

(b) If the commissioner finds all of the following with respect to an application for a license, the commissioner shall approve the application:

(1) The applicant has adequate tangible shareholders’ equity, as specified in Section 2040 to engage in the business of money transmission and the financial condition of the applicant is otherwise such that it will be safe and sound for the applicant to engage in the business of money transmission.

(2) The applicant, the directors and officers of the applicant, any person that controls the applicant, and the directors and officers of any person that controls the applicant are of good character and sound financial standing.

(3) The applicant is competent to engage in the business of money transmission.

(4) The applicant’s plan for engaging in the business of money transmission affords reasonable promise of successful operation.

(5) It is reasonable to believe that the applicant, if licensed, will engage in the business of money transmission and will comply with all applicable provisions of this division and of any regulation or order issued under this division.

(c) The commissioner shall deny an application for a license if he or she finds, after notice and a hearing, that the requirements of subdivision (b) have not been satisfied.

## Nearby sections

- [Cal. FIN § 2030 Section 2030](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2030.md)
- [Cal. FIN § 2031 Section 2031](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2031.md)
- [Cal. FIN § 2032 Section 2032](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2032.md)
- [Cal. FIN § 2033 Section 2033](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2033.md)
- [Cal. FIN § 2034 Section 2034](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2034.md)
- [Cal. FIN § 2035 Section 2035](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2035.md)
- [Cal. FIN § 2036 Section 2036](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2036.md)
- [Cal. FIN § 2037 Section 2037](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2037.md)
- [Cal. FIN § 2038 Section 2038](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2038.md)
- [Cal. FIN § 2039 Section 2039](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2039.md)
- [Cal. FIN § 2040 Section 2040](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2040.md)
- [Cal. FIN § 2041 Section 2041](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2041.md)
- [Cal. FIN § 2042 Section 2042](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2042.md)
- [Cal. FIN § 2043 Section 2043](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2043.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.2_C3_S2033. Check the current official text before relying on it. Not legal advice.