California Check Casher Permit Attorney
In California, every owner of a check cashing business is required by law to obtain a permit from the Attorney General’s Department of Justice. This licensing process is administered by the Check Casher Permit Program.
A check casher basically engages in the business of cashing checks, warrants, money orders or similar commercial paper for a fee. The check casher law does not apply to state and federally chartered banks, savings associations, credit unions and industrial loan companies. Also excluded are retail stores that may incidentally charge a fee not exceeding $2 to cash checks or money orders as a service to customers.
Check cashing businesses in California are required to post for clear public viewing a complete, detailed and unambiguous schedule of all fees for cashing checks, drafts, money orders or other commercial paper and for the initial issuance of any identification card. Consumers also must be able to clearly view a posted list of valid identification that is acceptable in lieu of identification issued by the check casher.
Some of the services we provide are:
- Assistance in obtaining a California Check Casher permit
- Compliance with California check cashing laws
- Drafting of documents in compliance with California check cashing laws
- Assistance with FinCEN registration and filing of required reports and also in FINCEN enforcement action defense.
- Assistance with MSB’s AML/BSA, and OFAC, policies and compliance.
- Representation in Check Casher Permit defense litigation and investigations.