No person or other entity may engage in the business of cashing checks, drafts, or money orders for consideration without first obtaining a license under this Article. No person or other entity providing a check-cashing service may avoid the requirements of this Article by providing a check or other currency equivalent instead of currency when cashing payment instruments.
N.C. Gen. Stat. § 53-276
License required
Applied in 1 court decision — leading case Community State Bank v. Knox (2012)
Most recently applied in Community State Bank v. Knox (February 2012)
1997-391, s. 1.
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.