Ohio Revised Code
Chapter 1315 | Transmitters of Money; Check-Cashing Businesses
Section 1315.25 | Conditions for Deposit of Checks Into Financial Institution.

Effective: July 30, 1993
Latest Legislation: House Bill 266 - 120th General Assembly
On and after January 1, 1993, no check-cashing business shall deposit, in a financial institution, any check cashed by the check-cashing business unless both of the following conditions are met:
(A) The check is indorsed with the name of the check-cashing business that appears on its license.
(B) The words "licensed check-cashing business" are written legibly or stamped immediately after or below the name of the indorser.

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.