Sec. 18.5. The check in a check cashing transaction, to the best of the licensee's knowledge, must be drawn on a valid, open, and active account and must be deposited by the licensee into a financial institution with the intent to draw the funds of that check.
Ind. Code § 28-8-5-18.5
Checks drawn on valid accounts and deposited with intent to draw funds
As added by P.L.80-1998, SEC.24.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.