California § 3407 - If a person other than a licensee has engaged, is engaging, or is about to engage
Full text of California Public Contract Code - PCC § 3407 — If a person other than a licensee has engaged, is engaging, or is about to engage, with citation guidance and answers to common questions.
§ 3407. If a person other than a licensee has engaged, is engaging, or is about to engage
(a) If a person other than a licensee has engaged, is engaging, or is about to engage in digital financial asset business activity with, or on behalf of, a resident in violation of this division, the department may assess a civil penalty against the person in an amount not to exceed one hundred thousand dollars ($100,000) for each day the person is in violation of this division. (b) If a licensee or covered person materially violates a provision of this division, the department may assess a civil penalty in an amount not to exceed twenty thousand dollars ($20,000) for each day of violation or for each act or omission in violation. (c) A civil penalty under this section continues to accrue until the date the violation ceases.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 3407
What does Public Contract Code - PCC § 3407 cover?
Section 3407 ("If a person other than a licensee has engaged, is engaging, or is about to engage") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 3407?
A common citation format is "Public Contract Code - PCC § 3407" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 3407 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.