§ 53-247. Registration requirement.
§53‑247. Registration requirement.
(a) RegistrationRequirement. No person may individually or in conjunction or cooperation withanother person process, receive, or accept for delivery an application for arefund anticipation loan or a check in payment of refund anticipation loanproceeds without first being registered with the Commissioner in accordancewith the registration procedure provided in this Article.
(b) Criminal Penalty. Violation of this section is a Class 2 misdemeanor, which may include a fine ofup to two thousand dollars ($2,000).
(c) Exemption. Thissection does not apply to a person doing business as a bank, savingsassociation, or credit union, under the laws of this State or the UnitedStates. (1989 (Reg. Sess., 1990), c. 881, s. 2; 1993, c. 539,s. 427; 1994, Ex. Sess., c. 24, s. 14(c).)