CA SB979

Requires the Commissioner of Financial Institutions to post final orders affecting money transmission licensees and foreign credit unions on the department's public internet website, in addition to existing notice requirements.

Authorizes the commissioner to delay posting orders if publication would threaten the safety or soundness of the regulated institution, and to redact customer identifying information from posted orders.

Makes technical amendments to the Money Transmission Act, including updating definitions, application requirements, agent supervision rules, and record-keeping provisions.

Establishes requirements for receipt forms, eligible securities, reporting standards, and compliance procedures for money transmission licensees and their agents.

Clarifies enforcement provisions including civil penalties up to $1,000 per violation, felony penalties for unlicensed money transmission, and procedures for suspending or revoking licenses and agent designations.