Section 23007 Of Article 2. Licensing And Exemptions From California Financial Code >> Division 10. >> Chapter 1. >> Article 2.

. The applicant shall file with the application financial statements prepared in accordance with generally accepted accounting principles and acceptable to the commissioner that indicate a net worth of at least twenty-five thousand dollars ($25,000). A licensee, regardless of the number of licensed locations, shall maintain a net worth of at least twenty-five thousand dollars ($25,000) at all times.