La. Admin. Code tit. 42 § III-4002

Current through Register Vol. 50, No. 6, June 20, 2024

Section III-4002 - Application for Permit for Designated Check Cashing Representative; Additional Requirements; Summary of Proposed Operations

A. The division may require any applicant who conducts services pursuant to the provisions of this Chapter to provide the division with a summary describing the financial, internal, and security aspects of the proposed check cashing and credit card advance operations including, but not limited to:

1. accounting and financial controls, including the procedures to be utilized in counting, banking, storage and handling of cash;

2. procedures, forms, expense and overhead schedules, cash equivalent transactions, salary structure and personnel practices;

3. job descriptions and a system of personnel and chain of command, establishing a diversity of responsibility among employees engaged in operations and identifying primary and secondary supervisor positions for areas of responsibility;

4. procedures within the check cashing cage for the receipt, storage, and disbursal of cash and other cash equivalents;

5. procedures and security for the counting and recordation of transactions;

6. procedures for the cashing and recordation of checks exchanged by customers of the designated check cashing representative; and

7. procedures governing the utilization of the licensee's or casino operator's security force within the check cashing cage.

La. Admin. Code tit. 42, § III-4002

Promulgated by the Department of Public Safety and Corrections, Gaming Control Board, LR 38:1668 (July 2012).

AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and 24.