(a) A license issued to a check-cashing business shall remain in full force and effect through the 31st day of December following its date of issuance, unless earlier surrendered, suspended, or revoked.
(b) If an application for a renewal license, along with a license renewal fee of $200, has been filed with the Superintendent [Commissioner] at least 30 days before the expiration of the license in force, such license shall continue in full force and effect either until the issuance by the Superintendent [Commissioner] of the renewal license applied for or until 5 days after the Superintendent [Commissioner] has refused to issue the renewal license and has given notice of such refusal to the applicant. Except for the fee, the requirements for the issuance of a renewal license shall be the same as the requirements for the issuance of the initial license. If the Superintendent [Commissioner] denies the applicant the authority to operate at a particular location, the operation of business at that particular location shall cease 5 days after the Superintendent [Commissioner] has refused to issue a renewal license to cover the location and has given notice of such refusal to the applicant.
(May 12, 1998, D.C. Law 12-111, § 12, 45 DCR 1782.)
1981 Ed., § 26-1111.
Structure District of Columbia Code
Title 26 - Banks and Other Financial Institutions
§ 26–302. Requirement of license
§ 26–304. Form and contents of application for license
§ 26–305. Application and license fees
§ 26–306. Bond to accompany application for license
§ 26–307. Minimum liquid assets required
§ 26–308. Granting of license; investigations
§ 26–309. Issuance and form of license
§ 26–311. Time and renewal of license
§ 26–312. Transferability of license
§ 26–313. Limitation of license
§ 26–314. License for limited station
§ 26–315. Change of location of business or area; other miscellaneous activity
§ 26–316. Revocation and suspension of license
§ 26–317. Limitations on fees for cashing checks
§ 26–318. Books, accounts, and other records of licensee
§ 26–319. Limitations on business
§ 26–320. Formal investigations
§ 26–321. Cease and desist orders
§ 26–322. Authority of Commissioner to issue rules and regulations