Maine § 32 §6138 Limitations

Maine Statutes

§ 32 §6138 — Limitations

Maine·Title 32 PROFESSIONS AND OCCUPATIONS·Ch. 80 CHECK CASHERS, CASH-DISPENSING MACHINES AND VIRTUAL CURRENCY KIOSKS

1.Endorsement. Before a registrant may deposit, with any financial institution, a payment instrument that is cashed by a registrant, the item must be endorsed with the actual name under which the registrant is doing business.

2.Compliance with state and federal law. Registrants must comply with all the laws of this State and any federal laws.

3.Display of certificate of registration. The administrator may require each check cashing business and foreign currency exchange business to display its registration certificate in its place of business.

4.Prohibited activities. A check cashing business may not:

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1.
Endorsement.
Before a registrant may deposit, with any financial institution, a payment instrument that is cashed by a registrant, the item must be endorsed with the actual name under which the registrant is doing business.
2.
Compliance with state and federal law.
Registrants must comply with all the laws of this State and any federal laws.
3.
Display of certificate of registration.
The administrator may require each check cashing business and foreign currency exchange business to display its registration certificate in its place of business.
4.
Prohibited activities.
A check cashing business may not:

Maine § 32 §6138 (Limitations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.