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HomeFinancial Code[DIVISION 10. CON...Ch. 1Art. 3§ 23020 Licensee Business Location Rules

§ 23020 Licensee Business Location Rules

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

§ 23020 Licensee Business Location Rules

Key Takeaways

  • •You can only have one business location with your license.
  • •If you want more than one location, you need to get a new license for each one.
  • •You have to follow all the rules to get each new license.

Example

You own a small grocery store and have a license to sell food there.

If you want to open another grocery store in a different place, you can't just use the same license. You need to apply for a new license for the second store and follow all the rules to get it.

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

Official Source
View on CA.gov

§ 23020 Licensee Business Location Rules

A licensee shall maintain only one place of business under an original or amended license issued pursuant to Section 23008. The commissioner may issue more than one license to the same licensee upon compliance with all the provisions of this division governing an original issuance of a license. (Added by Stats. 2002, Ch. 777, Sec. 10. Effective January 1, 2003. Section operative on December 31, 2004, or sooner, pursuant to Section 23104.)

Last verified: January 23, 2026

Key Terms

compliancecommissionlicenselocationissuance

Related Statutes

  • § 23016 Licensee Cost Assessment
  • § 23021 Licensee Address Change Notice
  • § 22104 Finance Lender Net Worth
  • § 22105.2 Mortgage Licensing System Participation
  • § 23013 Licensee Surety Bond Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 23020.
View Official Source