LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeFinancial CodeDiv. 1Ch. 4§ 453 Licensee Financial Reporting

§ 453 Licensee Financial Reporting

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 453 Licensee Financial Reporting

Key Takeaways

  • •If you have a license (like for a business), you might have to send reports about your money and other stuff to the boss (commissioner).
  • •The boss can ask for these reports anytime and tell you how to write them.
  • •You have to promise that everything in the report is true and that you know it’s true.

Example

You own a small store and have a license to sell things. The government boss (commissioner) asks you to send a report about how much money your store made last month.

You have to fill out the report the way the boss wants, sign it to say everything is true, and send it to them. If you lie or don’t send it, you could get in trouble.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 453 Licensee Financial Reporting

Every licensee shall make and file with the commissioner whenever required by him or her a report in any form as the commissioner may prescribe and verified in any manner the commissioner prescribes, showing its financial condition and any other information as the commissioner may require at the close of business on any day designated by him or her. Any verification shall state that each of the officers making the verification has a personal knowledge of the matters in the report and that each of them believes that each statement in the report is true. (Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)

Last verified: January 23, 2026

Key Terms

commissionportlicenseinformationverificationconditionstatement

Related Statutes

  • § 12304 Licensee Audit Requirements
  • § 1078 Branch Office Closure Notice
  • § 17406 Licensee Audit Report Requirements
  • § 22159 Annual Licensee Business Reports
  • § 30207 Prohibited Securities Solicitation Practices

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 453.
View Official Source