North Carolina § 53-275 Definitions

North Carolina Statutes

§ 53-275 — Definitions

North Carolina·Ch. 53 Regulation of Financial Services·Art. 22 Check-Cashing Businesses

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.

(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.

(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.

(6)"Person" means an individual, partnership, association, or corporation. (1997-391, s. 1.)

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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.
(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.
(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.
(6) "Person" means an individual, partnership, association, or corporation. (1997-391, s. 1.)

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