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Check Cashing Service - Financial Regulation

A Check Cashing Service is a business that accepts or cashes, for compensation, a payment instrument (check or a draft ordering a person to pay money) regardless of the date of the payment instrument.

Featured Information

Required: Information on Business Activities
License Term: two (2) years
Check Cashing Services Advisory on Bank Imposed Fees - June 29, 2016

Laws and Rules

Applicants and licensees are expected to be knowledgeable about and in compliance with the Check Casher law, and any other applicable State or Federal statutes and regulations. Maryland rules and regulations can be found by accessing the Code of Maryland Unannotated and Rules (Public Access) and Code of Maryland Regulations (COMAR).

Note: To access the Maryland Code Annotated, from the link below, select the "Maryland Code" folder, then select the individual folders or links provided to delve into the volumes, chapters, and/or sections of the publication.

Maryland Code Annotated, Financial Institutions § 12-101 et seq.