N.C. Gen. Stat. § 53-275
Definitions
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
As used in this Article, unless the context clearly requires otherwise, the term:
As used in this Article, unless the context clearly requires otherwise, the term:
(1) "Cashing" means providing currency for payment instruments, but does not include the bona fide sale or exchange of travelers checks and foreign denomination payment instruments.
(1) “Cashing” means providing currency for payment instruments, but does not include the bona fide sale or exchange of travelers checks and foreign denomination payment instruments.
(2) "Check-cashing service" means any person or entity engaged in the business of cashing checks, drafts, or money orders for a fee, service charge, or other consideration.
(2) “Check-cashing service” means any person or entity engaged in the business of cashing checks, drafts, or money orders for a fee, service charge, or other consideration.
(3) "Commission" means the State Banking Commission.
(3) “Commission” means the State Banking Commission.
(4) "Commissioner" means the Commissioner of Banks.
(4) “Commissioner” means the Commissioner of Banks.
(5) "Licensee" means a person or entity licensed to engage in a check-cashing business under this Article.
(5) “Licensee” means a person or entity licensed to engage in a check-cashing business under this Article.
(6) "Person" means an individual, partnership, association, or corporation.
(6) “Person” means an individual, partnership, association, or corporation.
History
(1997-391, s. 1.)
Legal Periodicals. - For 1997 legislative survey, see 20 Campbell L. Rev. 401.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.