A licensee shall not accept money or currency for deposit or act as bailee or agent for any person to hold money or currency in escrow for others for any purpose. However, a licensee may act as agent for a person licensed under the Sale of Checks and Money Transmission Act, Chapter 13 of this Title.
La. R.S. 6:1011
Powers; limitations; prohibitions
Known as the Louisiana Check-Cashing Law
The act spans §§ 6–6 (19 sections).
Acts 1999, No. 1208, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.