2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 12-101 - Definitions
§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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