Maryland Financial Institutions Section 12-101

Article - Financial Institutions

§ 12-101.

      (a)      In this subtitle the following words have the meanings indicated.

      (b)      "Exempt entity" means an entity that is exempt from all requirements of licensing as provided under § 12-103(b) and (c) of this subtitle.

      (c)      "License" means, unless the context requires otherwise, a license issued by the Commissioner under this subtitle to provide check cashing services.

      (d)      "Licensee" means, unless the context requires otherwise, a person that is licensed by the Commissioner under this subtitle to provide check cashing services.

      (e)      "Mobile unit" means a motor vehicle or other movable means from which check cashing services are provided.

      (f)      (1)      "Payment instrument" means a check or a draft ordering a person to pay money.

            (2)      "Payment instrument" includes a money order.

      (g)      "Provide check cashing services" means to accept or cash, for compensation, a payment instrument regardless of the date of the payment instrument.



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