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Notice of Intent to Revoke Ana Espinosa d/b/a La Michoacana’s Check Casher License Becomes Final

Notice of Intent to Revoke Ana Espinosa d/b/a La Michoacana’s Check Casher License Becomes Final

October 3, 2013

Atlanta, Georgia - On October 3, 2013, the Notice of Intent to Revoke Annual License issued by the Georgia Department of Banking and Finance (“Department”) became final against Ana Espinosa d/b/a La Michoacana, check casher license number 38204, located at 608 Martin Luther King Jr. Blvd. Dalton, GA 30721.

The Notice of Intent to Revoke Annual License provided that Ana Espinosa d/b/a La Michoacana had failed to provide payment of the investigative and supervision fee, as required by O.C.G.A. § 7-1-701(c) and Department Rule 80-5-1-.02(2)(c), and had failed to demonstrate financial responsibility and ability to conduct the business of cashing checks in an honest, fair and efficient manner and with the trust of the community.  O.C.G.A. § 7-1-702(a). 

Pursuant to Georgia law, it is prohibited for any person to engage in the business of cashing checks, drafts, or money orders for a consideration, without a check casher license or registration. 

Contact
Rod Carnes
Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371
E-mail: rodc@dbf.state.ga.us

The Department has regulatory and/or licensing authority over state-chartered banks, credit unions, trust companies, mortgage brokers, mortgage lenders, mortgage processors, check cashers, sale of check companies, money transmitters, international banking organizations, and bank holding companies conducting business in Georgia.  Visit us on the Web at: http://dbf.georgia.gov/

 

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