Louisiana Administrative Code
Title 42 - LOUISIANA GAMING
Part III - Gaming Control Board
Chapter 40 - Designated Check Cashing Representatives
Section III-4002 - Application for Permit for Designated Check Cashing Representative; Additional Requirements; Summary of Proposed Operations
Universal Citation: LA Admin Code III-4002
Current through Register Vol. 50, No. 9, September 20, 2024
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.
AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and 24.
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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