Section 12301.3 Of Chapter 4. Licensee Regulations From California Financial Code >> Division 3. >> Chapter 4.
12301.3
. A licensee shall not permit any officer, employee, or
agent to sell any check, draft, or money order unless the signature
of the person signing the same is on file with the bank on which the
check, draft, or money order is drawn or the licensee shall have
filed with the bank and the commissioner written authorization to
said bank to pay any checks, drafts, or money orders presented for
payment on a form of the licensee as described in the authorization
except as to items as to which licensee has filed a stop payment
notice with said bank.