Cal. FIN § 3401
This is the official text of Cal. FIN § 3401, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Official statutory text
For the purpose of this chapter, “enforcement measure” means an action that includes, but is not limited to, all of the following:
(a) Suspend or revoke a license under this division.
(b) Order a person to cease and desist from doing digital financial asset business activity with, or on behalf of, a resident.
(c) Request the court to appoint a receiver for the assets of a person doing digital financial asset business activity with, or on behalf of, a resident.
(d) Request the court to issue temporary, preliminary, or permanent injunctive relief against a person doing digital financial asset business activity with, or on behalf of, a resident.
(e) Assess a penalty under Section 3407.
(f) Recover on the security under Section 3207 and initiate a plan to distribute the proceeds for the benefit of a resident injured by a violation of this division, or law of this state other than this division that applies to digital financial asset business activity with, or on behalf of, a resident.
(g) Impose necessary or appropriate conditions on the conduct of digital financial asset business activity with, or on behalf of, a resident.
(h) Seek restitution on behalf of a resident if the department shows economic injury due to a violation of this division.
(a) Suspend or revoke a license under this division.
(b) Order a person to cease and desist from doing digital financial asset business activity with, or on behalf of, a resident.
(c) Request the court to appoint a receiver for the assets of a person doing digital financial asset business activity with, or on behalf of, a resident.
(d) Request the court to issue temporary, preliminary, or permanent injunctive relief against a person doing digital financial asset business activity with, or on behalf of, a resident.
(e) Assess a penalty under Section 3407.
(f) Recover on the security under Section 3207 and initiate a plan to distribute the proceeds for the benefit of a resident injured by a violation of this division, or law of this state other than this division that applies to digital financial asset business activity with, or on behalf of, a resident.
(g) Impose necessary or appropriate conditions on the conduct of digital financial asset business activity with, or on behalf of, a resident.
(h) Seek restitution on behalf of a resident if the department shows economic injury due to a violation of this division.
Status: in_force · Read it on the official government site
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