Definitions

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.)