|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
S.B. 450
|
|
|
|
|
|
VETOES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporations" immediately preceding the former Section 12-101
Annotated Code of Maryland
(1998 Replacement Volume and 1999 Supplement)
BY adding to
Article - Financial Institutions
Section 12-101 through 12-127, inclusive, to be under the new subtitle "Subtitle
1. Check Cashing Services"
Annotated Code of Maryland
(1998 Replacement Volume and 1999 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the subtitle designation "Subtitle 1. Bank Services and Bank
Services Corporations" immediately preceding the former Section 12-101 of Article -
Financial Institutions of the Annotated Code of Maryland be repealed.
SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:
Article - Financial Institutions
SUBTITLE 1. CHECK CASHING SERVICES.
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.
(B) (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.
(C) (E) "MOBILE UNIT" MEANS A MOTOR VEHICLE OR OTHER MOVABLE
MEANS FROM WHICH CHECK CASHING SERVICES ARE PROVIDED.
(D) (F) (1) "PAYMENT INSTRUMENT" MEANS A CHECK OR A DRAFT
ORDERING A PERSON TO PAY MONEY.
(2) "PAYMENT INSTRUMENT" INCLUDES A MONEY ORDER
(E) (G) "PROVIDE CHECK CASHING SERVICES" MEANS TO ACCEPT OR CASH,
FOR COMPENSATION, A PAYMENT INSTRUMENT REGARDLESS OF THE DATE OF THE
PAYMENT INSTRUMENT.
|
|
|
|
|
|
|
|
|
|
- 3870 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
