(a) No licensee under this chapter shall engage in the business of discounting of notes, bills of exchange, checks, or other evidences of indebtedness, nor shall such a discounting business be conducted on the same premises where the licensee is conducting business pursuant to this chapter.
(b) No licensee shall at any time cash or advance any monies on a post dated check.
(c) Repealed.
(May 12, 1998, D.C. Law 12-111, § 20, 45 DCR 1782; Nov. 24, 2007, D.C. Law 17-42, § 2(c), 54 DCR 9988.)
1981 Ed., § 26-1119.
D.C. Law 17-42 repealed subsec. (c).
Section 4 of D.C. Law 17-42 provided: “This act shall take effect following the certification by the Chief Financial Officer, through a revised quarterly revenue estimate for fiscal year 2008, that local funds exceed the annual revenue estimates incorporated in the fiscal year 2008 budget and financial plan in an amount sufficient to account for its fiscal effect. The Chief Financial Officer shall set aside revenue to account for the cost of fully implementing this act.
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