Section 12200.1 Of Chapter 3. Licensing From California Financial Code >> Division 3. >> Chapter 3.
12200.1
. A license to engage in the business of selling checks,
drafts, or money orders, or of receiving money as agent of an obligor
for the purpose of paying bills, invoices, or accounts of such
obligor (except a business agent or special prorater), or to accept,
without direct compensation, money for the purpose of forwarding it
to others in payment of utility bills, shall only be issued to a
corporation organized under the laws of this State for that purpose.