Delaware Administrative Code
Title 5 - Banking
2700 - Cashing of Checks Drafts or Money Orders
2702 - Minimum Records
Section 2702-1.0 - Minimum Required Records

Universal Citation: 5 DE Admin Code 2702-1.0

Current through Register Vol. 28, No. 3, September 1, 2024

Each licensed office, including all mobile units, shall maintain the following records on a current basis:

1.1 Transactions Journal. The office shall maintain a journal recording all transactions involving the cashing of checks, drafts, or money orders. The entries in this journal shall include:

1.1.1 the date of the transaction;

1.1.2 the customer's name;

1.1.3 the customer's address;

1.1.4 the type of identification the customer used, the issuer of that identification and its expiration date;

1.1.5 the item number and amount of the check, draft or money order;

1.1.6 the fee received for the transaction; and

1.1.7 an identification of the employee who conducted the transaction.

1.2 Daily Deposit Records. The office shall maintain a daily record containing a copy of each day's deposit of the checks, drafts, and money orders cashed.

1.3 Business Summary Record. The office shall maintain a record containing the daily and monthly totals of:

1.3.1 the number of checks, drafts, and money orders cashed; and

1.3.2 the aggregate fees received.

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