§ 31404 Out-Of-State Financing Restrictions

• •If you have a special license in California, you can't use it to help people with money or business stuff in other states.
• •This rule is about keeping the help inside California unless there's a special exception.
• •Breaking this rule could mean trouble, like losing your license.

A person with a California finance license tries to help someone in Nevada start a business with money.

This is not allowed because the license only works for helping people in California, not other states.