Section 12-101 - Definitions.
§ 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.
[2000, ch. 614, § 2.]