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Georgia Check Cashers Record Keeping Requirements
Regulations,
Laws, and Administrative Policies Governing
the
(5) Minimum Books and Records.
(a) Books and records required herein shall be maintained by every holder of a license, and by exemptees as indicated in this rule. Information required in items 1 through 8 of subsection (5)(b) of this Rule, shall be maintained by all licensees and exemptees cashing checks for an amount of more than $1,000.
(b) A Daily Record of Checks Cashed shall be maintained as a record of all check cashing transactions occurring each day. For all checks in excess of $1,000, such Daily Record shall include:
1. The date of the transaction;
4. Name and location or routing number of the payor bank
5. Name of the Drawer of the check;
6. Name, address, and identifying number (social security, drivers license, passport, etc.) of the person negotiating the check;
7. Amount of the check; and
8. Amount of fee charged for cashing the check.
All
other
transactions
not
falling
into
the
categories
above
may
be
listed
by
name
of
person
negotiating
the
check,
amount
of
check
and
amount
of
fee
charged.
Required
information
may
be
maintained
through
microfilm
(c)
A
Daily
Cash
Reconcilement
shall
be
maintained
summarizing
each
day’s
activity
and
reconciling
cash
on
hand
at
the
opening
of
business
to
cash
on
hand
at
the
close
of
business.
Such
reconcilement
shall
separately
reflect
cash
received
from
the sale
of checks,
redemption of
returned items,
bank cash
withdrawals, cash disbursed in
cashing
of checks,
and bank cash
deposits.
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