(a) The Legislature finds and declares that it is in the public interest for the administration and enforcement of this division to be undertaken by the Department of Financial Protection and Innovation.

(b) It is therefore the intent of the Legislature to transfer the existing responsibilities relating to administration and enforcement of check cashers that engage in activities subject to this division from the Department of Justice to the Department of Financial Protection and Innovation.

(Amended by Stats. 2022, Ch. 452, Sec. 145. (SB 1498) Effective January 1, 2023.)