Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part VI - Check Cashers
Chapter 81 - CHECK CASHER LICENSING-STATEMENT OF POLICY
INITIAL LICENSE APPLICATION PROCESS
Section 81.11 - Application forms, confidentiality and financial statements
Current through Register Vol. 54, No. 12, March 23, 2024
(a) A check casher initial application form will be provided to a prospective applicant by the Department. Upon completion and submission of the application by the applicant, the marked pages of the application form will be made available by the Department for public inspection, upon request, under section 304(b)(3) of the act (63 P. S. § 2314(b)(3)). The remaining pages of the application form, regarding financial and other information provided by the applicant, will be deemed confidential by the Department and will not be made available for public inspection, unless otherwise required by law. The Department retains the right to contest or deny a request for the confidential pages of the application form.
(b) The applicant for a check casher license will be requested by the Department to provide financial statements prepared by the applicant or the applicant's accountant.
(c) The financial statements should include a balance sheet and income and expense statement prepared in accordance with generally accepted accounting principles.
(d) The Department may require additional information with the application as provided in section 301(c) of the act (63 P. S. § 2311(c)).
(e) The application forms shall be mailed to the Department as specified in the application instructions that accompany the forms.
