Revised California (CA) California (CA) Deferred Deposit Transaction Law (CDDTL)

1. Proxsoft LLC Web URL: https://www.proxsoft.us Email ID: sales@ proxsoft.us Ph. No.: +1 (302) 591-7836 Address: 8 The Green, Suite A Dover, Delaware – 19901, USA Revised California (CA) California (CA) Deferred Deposit Transaction Law (CDDTL) License Practice Course About the Service:The guided study system features hands-on skills and drills developed by leading IT experts. Customizable tests allow you to focus on your weakest areas. Electronic flashcards help reinforce key concepts. Whether you are studying at home or traveling, Exam Mastery gets you ready for exam-day success! The program will calculate their score/percentile on the same questions that will appear on the actual certification exam when taken at the testing center. With that information, you'll be able to prepare yourself for what's ahead in your exam. Prepare for your certification exam with a targeted, self-paced learning program. Exam Learning Program is an easy-to-use online program designed to help you prepare for your exam and then increase your chances of passing it. Accessing URL of Practice Exam: https://proxsoft.us/product/study-california-ca-california-ca-deferred-deposit-transaction-law-cddtl- license-practice-course-proxsoft/ License Description: The CDDTL defines a ""deferred deposit originator"" as any person who offers, originates or makes a deferred deposit transaction. Deferred deposit transaction means a transaction whereby a person defers depositing a customer's personal check until a specific date, pursuant to a written agreement, as provided in Financial Code Section 23035. Although deferred deposit originators must obtain a license from the Department of Corporations to engage in the business of deferred deposit transactions, the following persons or entities are excluded from the definition of licensee and are therefore not subject to the CDDTL: · A state or federally chartered bank, thrift, savings association, or industrial loan company. · A retail seller engaged primarily in the business of selling consumer goods, including consumables, to retail buyers that cashes checks or issues money orders for a minimum fee not exceeding $2 as a service to its customers that is incidental to its main purpose or business. Persons licensed under the CDDTL may be an individual, corporation, a partnership, a limited liability company, a joint venture, an association, a joint stock company, a trust, an unincorporated organization, a government entity, or a political subdivision of a government entity. An application must be submitted for each location that the applicant intends to engage in the business of deferred deposit transactions. A licensee with one or more licensed locations may file a short form license application established by the Commissioner. Applications are processed in the order they are received. 1. Fees: For each location, submit an application with the appropriate exhibits, an application

2. Proxsoft LLC Web URL: https://www.proxsoft.us Email ID: sales@ proxsoft.us Ph. No.: +1 (302) 591-7836 Address: 8 The Green, Suite A Dover, Delaware – 19901, USA fee of $200, an investigation fee of $100. All fees and the assessment are non-refundable. 2. Regulatory Examination Frequency: The Commissioner may examine the business and books. Authority: California Financial Code, Division 10, commencing with Section 23000. California Code of Regulations, Licensing Agency: Department of Business Oversight Division of Corporations 320 West Fourth Street, Suite 750 Los Angeles, CA 90013 (866) 275 2677 Ask.DBO@dbo.ca.gov https://dbo.ca.gov/