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§ 12200.5 — California Law | CourtGPT
  1. Home/
  2. Laws/
  3. California/
  4. Fin Code/
  5. Division 3 - Check Sellers, Bill Payers, and Proraters/
  6. Chapter 3 - Licensing/
  7. § 12200.5
California Legal Code

§ 12200.5

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12200.5. The commissioner shall classify and license applicants for a proraters license in accordance with the nature of their existing or proposed business and the extent of regulation required thereby in the public interest as follows:(a) A special proraters license shall be issued to a qualified applicant to engage in business as a business agent.(b) A general proraters license shall be issued to all other qualified applicants.Whenever the term 'prorater' is used in this division with reference to a licensee it shall be deemed to mean a general prorater unless otherwise provided. (Added by Stats. 1957, Ch. 498.)