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HomeFinancial CodeDiv. 1.2Ch. 6§ 2106 Payment Instrument Filing Requirements

§ 2106 Payment Instrument Filing Requirements

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 2106 Payment Instrument Filing Requirements

Key Takeaways

  • •If you sell things like money orders or gift cards in California, you must first show a copy to the state boss (commissioner).
  • •The money order or gift card must clearly show who is selling it (the licensee).
  • •If the state boss thinks the money order or gift card is confusing or breaks the rules, they can stop it from being sold.
  • •If someone else is selling it for you, the money order or gift card must show their name and your name just as clearly.

Example

A store wants to sell gift cards for a big company.

The store must first show a copy of the gift card to the state boss. The gift card must clearly show the big company’s name. If the store’s name is on the gift card too, the big company’s name must be just as easy to see.

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

Official Source
View on CA.gov

§ 2106 Payment Instrument Filing Requirements

(a) No licensee shall sell or issue any form of payment instrument in California unless a certified copy of the payment instrument has first been filed with the commissioner. The payment instrument shall clearly identify the licensee as the issuer. (b) The commissioner may by order or regulation declare that a form of payment instrument is prohibited if it is misleading in any material respect or otherwise does not comply with applicable law. (c) A payment instrument that identifies the agent through which the licensee sells the payment instrument shall identify the agent as such and shall identify the licensee at least as conspicuously as it does the agent. (Added by Stats. 2011, Ch. 243, Sec. 4. (SB 664) Effective January 1, 2012.)

Last verified: January 23, 2026

Key Terms

licenseepayment instrumentcommissioneragent

Related Statutes

  • § 17622 Licensee Possession Challenge
  • § 17626 Licensee Asset Transfer Requirements
  • § 17628 Custodian Appointment Authority
  • § 17629 Commissioner Asset Collection Authority
  • § 17630 Conservator Appointment Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 2106.
View Official Source