No licensee or California agent of a licensee shall, nor shall any licensee cause or permit any of its agents to, sell any payment instrument issued by the licensee without concurrently receiving or, in the case of a sale to an insured bank, an insured savings and loan association, or an insured credit union, by the next business day after the sale, in consideration of such sale any of the following or any combination of the following in an aggregate amount not less than the face amount of such payment instrument: (a) Cash or its equivalent. (b) Payment instrument, check, or draft believed to be collectible. (c) Credit card voucher believed to be collectible.
