Chapter 1 - Sale Of Checks
- Section 8-7-1 Short title
This chapter shall be known and may be cited as the Sale of Checks Act. ...
- Section 8-7-2 Definitions
For purposes of this chapter, the following terms shall have the following meanings, respectively, unless the context clearly indicates a different meaning: (1) PERSON. ...
- Section 8-7-3 License — Required
No person, as a service or for a fee or other consideration, shall engage in the business of selling, issuing, or otherwise dispensing checks ...
- Section 8-7-4 License — Exemptions
(a) Nothing in this chapter shall apply to the sale or issuance or dispensing of checks or the receiving of money as agent for ...
- Section 8-7-5 License — Application
Each application for a license to engage in the business of selling or issuing or dispensing checks or receiving money as agent for obligors ...
- Section 8-7-6 License — Investigation fee; license fee
Each application for a license shall be accompanied by an investigation fee of $250 and a license fee in the amount required by Section ...
- Section 8-7-7 License — Certified financial statement; surety bond or deposit of securities; list of offices, etc
Each application for a license shall be accompanied by: (1) Certified financial statements reasonably satisfactory to the commission showing that the applicant's net worth ...
- Section 8-7-8 License — Issuance
Upon the filing of the application, the payment of the investigation fee and license fee, and the approval by the commission of the bond ...
- Section 8-7-9 License fees
Each licensee shall pay to the commission with his application, and annually thereafter on or before April 1 of each year, a license fee ...
- Section 8-7-10 Employees, agents or representatives of licensees
Each licensee may conduct business at one or more locations within this state and through or by means of such employees, agents, subagents, or ...
- Section 8-7-11 Annual and supplemental listings of offices, etc.; adjustment of surety bond or deposit
(a) Each licensee shall file with the commission annually on or before April 1 of each year a statement listing the locations, offices, and ...
- Section 8-7-12 Procedure for denial or revocation of license; judicial review
(a) No license shall be denied or revoked except on 10 days' notice to the applicant or licensee. Upon receipt of such notice, the ...
- Section 8-7-13 Grounds for revocation of licenses
The commission may at any time revoke a license, on any ground on which it might refuse to grant a license, for failure to ...
- Section 8-7-14 Increase of surety bond or deposit
Any provision of this chapter to the contrary notwithstanding, the commission may at any time, if in its opinion the protection of the public ...
- Section 8-7-15 Penalties for violation of provisions of chapter
If any person to whom or which this chapter applies or any agent, subagent, or representative of such person violates any of the provisions ...
