§ 12-101. Definitions

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

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

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

(f) Payment instrument. --

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

HISTORY: 2000, ch. 614, § 2.