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HomeBusiness and Professions CodeDiv. 8Ch. 5Art. 7§ 19905 Credit Transaction Reporting Rules

§ 19905 Credit Transaction Reporting Rules

Business and Professions Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 19905 Credit Transaction Reporting Rules

Key Takeaways

  • •If you own a business that lends money or handles large cash transactions, you might have to keep records or report these transactions.
  • •The rules say when and how you must report these transactions.
  • •This applies to both the business owner and anyone else involved in the transaction.

Example

You own a pawn shop and someone comes in to sell a bunch of jewelry for $10,000 in cash.

You might have to write down details about this sale and report it to the government because it's a large cash transaction.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 19905 Credit Transaction Reporting Rules

Every owner licensee that is involved in a transaction for the extension or redemption of credit by the licensee, or for the payment, receipt, or transfer of coin, currency, or other monetary instruments, as specified by the commission, in an amount, denomination, or amount and denomination, or under circumstances prescribed by regulations, and any other participant in the transaction, as specified by the commission, shall, if required by regulation, make and retain a record of, or file with the department a report on, the transaction, at the time and in the manner prescribed by regulations. (Amended by Stats. 2007, Ch. 176, Sec. 34. Effective August 24, 2007.)

Last verified: January 22, 2026

Key Terms

owner licenseeextension or redemption of creditmonetary instrumentsrecordreport

Related Statutes

  • § 19877 License Renewal Failure Consequences
  • § 19900 Gambling License Security Approval
  • § 19901 Gambling Operation Financial Restrictions
  • § 19902 Contract Closing Date Rules
  • § 19903 Contract Fee Responsibility Clause

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Business and Professions Code. Section 19905.
View Official Source