§ 12-105. License required to provide check cashing services
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2023
Effective: July 1, 2023
MD Code, Financial Institutions, § 12-105
§ 12-105. License required to provide check cashing services
(a) Except as provided in § 12-102(a) or § 12-105.1 of this subtitle, a person may not provide check cashing services unless the person is licensed under this subtitle or is an exempt entity.
(b) A licensee may provide check cashing services only at a licensed location or as otherwise authorized by the Commissioner through regulation.
(c) During the time period established by the Commissioner under subsection (d) of this section, each licensee shall:
(d)(1) The Commissioner shall establish a time period that is no less than 2 months within which a licensee must transfer licensing information to NMLS.
(e) Subject to subsection (c) of this section, an applicant for an initial license or a license renewal shall apply for the initial license or license renewal through NMLS:
Credits
Added by Acts 2000, c. 614, § 2, eff. Oct. 1, 2000. Amended by Acts 2017, c. 253, § 1, eff. July 1, 2017; Acts 2018, c. 731, § 1, eff. Oct. 1, 2018; Acts 2018, c. 732, § 3, eff. Oct. 1, 2018; Acts 2020, c. 443, § 1, eff. Oct. 1, 2020; Acts 2020, c. 444, § 1, eff. Oct. 1, 2020; Acts 2023, c. 567, § 1, eff. July 1, 2023.
MD Code, Financial Institutions, § 12-105, MD FIN INST § 12-105
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document |