Maryland Statutes
Subtitle 1 - Check Cashing Services
Section 12-102 - Applicability of Subtitle -- in General

(a)    This subtitle does not apply to check cashing services:
        (1)    In which a customer presents a payment instrument for the exact amount of a purchase; or
        (2)    Involving foreign currency exchange services or the cashing of a payment instrument drawn on a financial institution other than a federal, State, or other state financial institution.
    (b)    (1)    This subtitle does not apply to a transaction that is subject to the Maryland Consumer Loan Law (Title 12, Subtitle 3 of the Commercial Law Article and Title 11, Subtitle 2 of this article), including a transaction in which an additional fee is charged to defer the presentment or deposit of a payment instrument until a subsequent date.
        (2)    A check cashing service is not subject to the Maryland Consumer Loan Law if:
            (i)    The fee charged for the check cashing service does not exceed the fee permitted under this subtitle;
            (ii)    No additional fee is charged to defer the presentment or deposit of the payment instrument; and
            (iii)    The check cashing service is not subject to renewal or extension by any means.

Structure Maryland Statutes