LAC 42: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.