California Occupational License
California Deferred Deposit Transaction Law (CDDTL)
Department of Business Oversight
Division of Corporations
Mortgage Lending Unit
Licensing Agency Contact Information:
Address: | 320 West Fourth Street, Suite 750 Los Angeles, CA 90013 |
Phone Number: | (866) 275-2677
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Fax Number: | (213) 576-7574
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E-mail Address: | Ask.DBO@dbo.ca.gov |
Internet Address: | http://www.dbo.ca.gov |
License Requirements, Fees, and Examination Information:
· A state or federally chartered bank, thrift, savings association, or industrial loan company.
· A retail seller engaged primarily in the business of selling consumer goods, including consumables, to retail buyers that cashes checks or issues money orders for a minimum fee not exceeding $2 as a service to its customers that is incidental to its main purpose or business.
Persons licensed under the CDDTL may be an individual, corporation, a partnership, a limited liability company, a joint venture, an association, a joint stock company, a trust, an unincorporated organization, a government entity, or a political subdivision of a government entity. An application must be submitted for each location that the applicant intends to engage in the business of deferred deposit transactions. A licensee with one or more licensed locations may file a short form license application established by the Commissioner. Applications are processed in the order they are received.
1. Fees: For each location, submit an application with the appropriate exhibits, an application fee of $200, an investigation fee of $100. All fees and the assessment are non-refundable.
2. Regulatory Examination Frequency: The Commissioner may examine the business and books.
Authority: California Financial Code, Division 10, commencing with Section 23000. California Code of Regulations,
Occupation Title | SOC Code |
Financial Specialists, All Other | 132099 |