New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter III - SUPERINTENDENT'S REGULATIONS
Subchapter B - NON-BANKING ORGANIZATIONS
Part 400 - Licensed Cashers Of Checks
Section 400.9 - Limited station license

Universal Citation: 3 NY Comp Codes Rules and Regs ยง 400.9

Current through Register Vol. 46, No. 12, March 20, 2024

(a) For the purposes of this section, a limited station is hereby defined as a place where a licensed casher of checks may maintain and make available to the particular group specified in the application, and to that group only, the facilities for cashing checks, drafts or money orders on the designated premises, such facilities being made available for no more than two days of each week (such days to be designated in the application). Neither the location, the group, nor the days designated in the application may be changed without the written approval of the superintendent.

(b) The holder of a license to maintain a limited station shall observe the rules and regulations issued by the superintendent which are applicable to all licensed cashers of checks, except that if the information called for and required to be kept in books or records as outlined in section 400.3 of this Part is kept as part of the records of the principal office of the licensee then separate records at the limited station shall not be required.

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