§ 19-14.4-7. Dishonor of check — Procedure.
Within five (5) business days after being advised by the payor institution that a check has been altered, forged, stolen, obtained through fraudulent or illegal means, negotiated without proper legal authority, or represents the proceeds of illegal activity, the licensee shall notify the police department in the city or town where the office of the licensee where the check was cashed is located. In the event a check is returned to the licensee by the payor institution for any of the aforementioned reasons, the licensee may not release the check without the consent of the city or town police department, office of the attorney general, or other investigating law enforcement authority.
History of Section.P.L. 1995, ch. 82, § 56.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-14.4 - Check Cashing
Section 19-14.4-1. - Exemptions from licensing.
Section 19-14.4-2. - Public notice of application.
Section 19-14.4-3. - Rules and regulations.
Section 19-14.4-4. - Fees for services.
Section 19-14.4-5. - Posting of charges — Endorsement — Receipt.
Section 19-14.4-5.1. - Customer checks — Deferred deposits.
Section 19-14.4-6. - Securities in lieu of bonds.
Section 19-14.4-7. - Dishonor of check — Procedure.
Section 19-14.4-8. - Food stamps — Distribution.