California § 3905
Full text of California Public Contract Code - PCC § 3905, with citation guidance and answers to common questions.
§ 3905.
(a) (1) On or after January 1, 2025, before a digital financial asset transaction, an operator shall provide a written disclosure in English and in the same language principally used by the operator to advertise, solicit, or negotiate with a customer containing the terms and conditions of the transaction, which shall include, at a minimum, all of the following: (A) The amount of a digital financial asset involved in the transaction. (B) The amount, in United States dollars, of any fees, expenses, and charges collected by the operator. (C) The United States dollar price of the digital financial asset that is charged to the customer and the United States dollar price of the digital financial asset as listed by a licensed digital financial asset exchange. (D) If an operator does not provide a method to reverse or refund a transaction, a warning that all transactions are final and cannot be undone. (2) The disclosure required by this subdivision shall be clear and conspicuous and provided separately from any other disclosure provided by the operator. (b) An operator shall provide a customer with a receipt for any transaction made at the operatorâs digital financial asset transaction kiosk that includes all of the following information: (1) The name of the customer. (2) The date and time of the transaction. (3) The name of the operator. (4) The amount of a digital financial asset involved in the transaction. (5) The amount of United States dollars involved in the transaction. (6) The amount, in United States dollars, of any fees collected by the operator in relation to the transaction. (7) The amount, in United States dollars, of any spread between the United States dollar price of the digital financial asset that is charged to the customer and the United States dollar price of the digital financial asset as listed by a licensed digital financial asset exchange. (8) The name of the licensed digital financial asset exchange the operator used to calculate the spread described in paragraph (7).
Frequently Asked Questions About California § 3905
What does Public Contract Code - PCC § 3905 cover?
Section 3905 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 § 3905?
A common citation format is "Public Contract Code - PCC § 3905" (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 § 3905 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.