Section 2043 Of Chapter 3. Licenses From California Financial Code >> Division 1.2. >> Chapter 3.
2043
. (a) On or before April 1, 2013, and annually thereafter, each
licensee shall provide its agents under contract with training
materials on recognizing elder or dependent adult financial abuse,
and how to appropriately respond if the agent suspects that he or she
is being asked to engage in money transmission for a fraudulent
transaction involving an elder or dependent adult.
(b) To ensure that agents that are newly appointed by licensees
pursuant to Section 2060 receive the training materials described in
subdivision (a) in a timely manner, each licensee shall provide those
materials to any newly appointed agent no later than one month
following the appointment of that agent.
(c) This section shall not apply to licensees that are engaged
solely in selling or issuing stored value pursuant to paragraph (2)
of subdivision (q) of Section 2003. Licensees that engage in money
transmission activities pursuant to paragraph (1) or (3) of that
subdivision, shall be subject to this section only with respect to
their agents under contract for activities described in those
paragraphs. Additionally, this section shall not apply to licensees
who exclusively offer their services via an Internet Web site, a
mobile application, or both.