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  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE XXII CORPORATIONS
  • CHAPTER 169A LICENSING OF CHECK CASHERS
  • Section 1 Definitions

Section 1. For the purposes of this chapter, the following words shall have the following meanings unless the context clearly requires otherwise:—

“Casher of checks”, a person or entity engaged in cashing checks, drafts or money orders for a consideration in excess of one dollar per item.

“Commissioner”, the commissioner of banks.

“Licensee”, a casher of checks, licensed under the provisions of this chapter.

“Mobile unit”, a motor vehicle or other movable means from which the business of a licensee is to be conducted.

“Primary business”, the principal business of the licensee as determined by the commissioner, exclusive of any business conducted as an agent of the state lottery commission.