Ohio Revised Code
Chapter 1315 | Transmitters of Money; Check-Cashing Businesses
Section 1315.21 | Check-Cashing Businesses Definitions.

Effective: March 23, 2018
Latest Legislation: House Bill 199 - 132nd General Assembly
As used in sections 1315.21 to 1315.30 of the Revised Code:
(A) "Check" means any check, draft, money order, or other instrument for the transmission or payment of money. "Check" does not include a travelers check.
(B) "Check-cashing business" means any person that engages in the business of cashing checks for a fee. "Check-cashing business" does not include any of the following:
(1) A licensee as defined in section 1321.01 of the Revised Code;
(2) A registrant as defined in section 1321.51 of the Revised Code;
(3) A financial institution;
(4) A person that is primarily engaged in the business of selling tangible personal property or services at retail and does not derive more than five per cent of the person's gross income from the cashing of checks;
(5) A person licensed under sections 1315.01 to 1315.18 of the Revised Code, or any agent of that person, to the extent that the person or the agent is engaged in cashing checks or travelers checks issued by the licensed person ;
(6) A person registered as a mortgage lender under Chapter 1322. of the Revised Code.
(C) "Financial institution" means any bank, trust company, savings bank, savings and loan association, or credit union, that is incorporated or organized under the laws of the United States or of any state thereof, or of Canada or any province thereof, and subject to regulation or supervision by such country, state, or province.
(D) "Superintendent of financial institutions" includes the deputy superintendent for consumer finance as provided in section 1181.21 of the Revised Code.

Structure Ohio Revised Code

Ohio Revised Code

Title 13 | Commercial Transactions

Chapter 1315 | Transmitters of Money; Check-Cashing Businesses

Section 1315.01 | Transmitters of Money Definitions.

Section 1315.02 | Recipient of Money to Be Licensed or Authorized.

Section 1315.03 | Application for Money Transmitter License - Confidentiality.

Section 1315.04 | Determination on Application - Conditional Approval.

Section 1315.05 | Continuing Duties of Licensees.

Section 1315.06 | Minimum Amount of Permissible Investments.

Section 1315.07 | Satisfactory Security Device Maintained.

Section 1315.08 | Quarterly Reports - Annual Financial Statements.

Section 1315.081 | Written Report of Specified Events.

Section 1315.09 | Records Required to Be Kept.

Section 1315.10 | Application for Approval of Control Acquisition.

Section 1315.101 | Approval of Application for Control Acquisition.

Section 1315.11 | Conduct of Activities Through Authorized Delegate.

Section 1315.12 | Examination of Records and Affairs of Licensee.

Section 1315.121 | Administrative Powers of Superintendent.

Section 1315.122 | Examination Information Privileged and Confidential.

Section 1315.13 | Superintendent to Establish Fees.

Section 1315.14 | Implementing Rules.

Section 1315.141 | Criminal Records Check to Be Requested by Superintendent.

Section 1315.15 | Notice of Charges - Cease and Desist Order.

Section 1315.151 | Suspension or Revocation of License.

Section 1315.152 | Civil Penalties for Violation or Breach.

Section 1315.153 | Injunctive Relief for Violation of Rc 1315.02.

Section 1315.16 | Enforcement Powers of Superintendent.

Section 1315.161 | Service of Notice, Subpoena, or Order.

Section 1315.17 | Administrative Hearing - Judicial Review - Enforcement of Order.

Section 1315.18 | Termination of Business - Approval of Plan - Implementation.

Section 1315.21 | Check-Cashing Businesses Definitions.

Section 1315.22 | Application for License to Operate Check-Cashing Business.

Section 1315.23 | Investigation of Applicant for License - Issuance or Renewal of License - Hearing Prior to Suspension, Revocation or Refusal of License.

Section 1315.24 | Investigation of Violations - Hearings - Injunctive Relief.

Section 1315.25 | Conditions for Deposit of Checks Into Financial Institution.

Section 1315.26 | Limitations on Fees and Charges.

Section 1315.27 | Rules.

Section 1315.28 | Prohibited Acts - Damages for Violation.

Section 1315.30 | State to Solely Regulate Check-Cashing Business.

Section 1315.51 | Transaction Reporting, Money Laundering Definitions.

Section 1315.52 | Liberal Construction of Statutes.

Section 1315.53 | Reporting Transactions - Records.

Section 1315.54 | Investigations.

Section 1315.55 | Additional Prohibited Activities.

Section 1315.99 | Penalty.