Ohio Revised Code Chapter 1315 - Transmitters Of Money; Check-cashing Businesses

• Section 1315.01 - Transmitters Of Money Definitions.
  Except when the context otherwise requires, as used in sections 1315.01 to 1315.18 of the Revised Code: (A) "Authorized delegate" means a person designated...
• Section 1315.02 - Recipient Of Money To Be Licensed Or Authorized.
  (A) No person, regardless of the location of that person, its facilities, or its agents, shall receive, directly or indirectly and by any means,...
• Section 1315.03 - Application For Money Transmitter License - Confidentiality.
  (A) Each application for a money transmitter license shall be in the form prescribed by the superintendent of financial institutions and accompanied by an...
• Section 1315.04 - Determination On Application - Conditional Approval.
  (A) (1) After accepting an application for a money transmitter license described in section 1315.03 of the Revised Code, the superintendent of financial institutions...
• Section 1315.05 - Continuing Duties Of Licensees.
  Each licensee, at all times, shall meet both of the following requirements: (A) Be a legally established business entity that is capitalized separately and...
• Section 1315.06 - Minimum Amount Of Permissible Investments.
  (A) (1) (a) Subject to division (A)(2) of this section, each licensee shall maintain permissible investments described in division (B) of this section having...
• Section 1315.07 - Satisfactory Security Device Maintained.
  (A) (1) In a form satisfactory to the superintendent of financial institutions, each licensee shall provide and maintain a security device of one or...
• Section 1315.08 - Quarterly Reports - Annual Financial Statements.
  (A) Within forty-five days after the end of each calendar quarter, each licensee shall submit to the superintendent of financial institutions all of the...
• Section 1315.081 - Written Report Of Specified Events.
  (A) Within fifteen business days after the occurrence of any of the events listed below, a licensee shall file a written report with the...
• Section 1315.09 - Records Required To Be Kept.
  (A) Each licensee shall make, keep, and preserve with respect to the licensee the following books, accounts, and other records for a period of...
• Section 1315.10 - Application For Approval Of Control Acquisition.
  (A) Subject to division (F) of this section, no person, alone or acting in concert with other persons, shall, directly or indirectly, acquire control...
• Section 1315.101 - Approval Of Application For Control Acquisition.
  (A) After accepting an application to acquire control of a licensee described in section 1315.10 of the Revised Code, the superintendent of financial institutions...
• Section 1315.11 - Conduct Of Activities Through Authorized Delegate.
  (A) A licensee that chooses to conduct money transmission activities in this state through an authorized delegate shall execute an express written contract with...
• Section 1315.12 - Examination Of Records And Affairs Of Licensee.
  (A) As often as the superintendent of financial institutions considers necessary, the superintendent, or any deputy or examiner appointed or any contractor engaged by...
• Section 1315.121 - Administrative Powers Of Superintendent.
  (A) In administering sections 1315.01 to 1315.18 of the Revised Code and fulfilling the duties imposed by those sections, including the duty imposed by...
• Section 1315.122 - Examination Information Privileged And Confidential.
  (A) Information leading to, arising from, or obtained in the course of the examination of a licensee or other person conducted pursuant to the...
• Section 1315.13 - Superintendent To Establish Fees.
  Annually, the superintendent shall establish both of the following: (A) The application fee for an application for a license to transmit money under section...
• Section 1315.14 - Implementing Rules.
  The superintendent of financial institutions may adopt rules that, in the superintendent's judgment, are necessary or appropriate to carry out the purposes of sections...
• Section 1315.141 - Criminal Records Check To Be Requested By Superintendent.
  Whenever the approval of the superintendent of financial institutions is required under sections 1315.01 to 1315.18 of the Revised Code, or under an order...
• Section 1315.15 - Notice Of Charges - Cease And Desist Order.
  (A) The superintendent of financial institutions may issue and serve a notice of charges and intent to issue a cease and desist order upon...
• Section 1315.151 - Suspension Or Revocation Of License.
  (A) The superintendent of financial institutions may issue and serve a notice of charges and intent to suspend or revoke a licensee's license, if...
• Section 1315.152 - Civil Penalties For Violation Or Breach.
  (A) The superintendent of financial institutions may assess civil penalties against a licensee or other person for each day a violation, unsafe or unsound...
• Section 1315.153 - Injunctive Relief For Violation Of Rc 1315.02.
  If the superintendent of financial institutions has reason to believe that a person has violated or is violating section 1315.02 of the Revised Code,...
• Section 1315.16 - Enforcement Powers Of Superintendent.
  (A) The superintendent of financial institutions may do both of the following: (1) Summon and compel, by order or subpoena, witnesses to appear before...
• Section 1315.161 - Service Of Notice, Subpoena, Or Order.
  (A) The superintendent of financial institutions may serve any notice that the superintendent is required or authorized to give and any subpoena or order...
• Section 1315.17 - Administrative Hearing - Judicial Review - Enforcement Of Order.
  (A) (1) Upon a licensee's or other person's request for an administrative hearing authorized in section 1315.15, 1315.151, or 1315.152 of the Revised Code,...
• Section 1315.18 - Termination Of Business - Approval Of Plan - Implementation.
  (A) A licensee that ceases to do business in this state shall do so in accordance with a plan approved by the superintendent of...
• Section 1315.19, 1315.20 - [Repealed].
  Effective Date: 07-01-1962
• Section 1315.21 - Check-cashing Businesses Definitions.
  As used in sections 1315.21 to 1315.30 of the Revised Code: (A) "Check" means any check, draft, money order, or other instrument for the...
• Section 1315.22 - Application For License To Operate Check-cashing Business.
  (A) No person, on and after January 1, 1993, shall operate a check-cashing business without first obtaining a license from the superintendent of financial...
• Section 1315.23 - Investigation Of Applicant For License - Issuance Or Renewal Of License - Hearing Prior To Suspension, Revocation Or Refusal Of License.
  (A) Upon the filing of an application for an original license to engage in the business of cashing checks, and the payment of the...
• Section 1315.24 - Investigation Of Violations - Hearings - Injunctive Relief.
  (A) The superintendent of financial institutions may make any investigation and conduct any hearing the superintendent considers necessary to determine whether any person has...
• Section 1315.25 - Conditions For Deposit Of Checks Into Financial Institution.
  On and after January 1, 1993, no check-cashing business shall deposit, in a financial institution, any check cashed by the check-cashing business unless both...
• Section 1315.26 - Limitations On Fees And Charges.
  (A) No check-cashing business shall charge check-cashing fees or other check-cashing charges in an amount that exceeds three per cent of the face amount...
• Section 1315.27 - Rules.
  The superintendent of financial institutions shall adopt rules, in accordance with Chapter 119. of the Revised Code, for the administration and enforcement of sections...
• Section 1315.28 - Prohibited Acts - Damages For Violation.
  (A) No check-cashing business shall knowingly make any incorrect statement of a material fact or omit to state a material fact in any application...
• Section 1315.29 - [Repealed].
  Effective Date: 12-02-1996
• Section 1315.30 - State To Solely Regulate Check-cashing Business.
  The state, through the superintendent of financial institutions and in accordance with sections 1315.21 to 1315.30 of the Revised Code, shall solely regulate persons...
• Section 1315.31 To 1315.34 - [Repealed].
  Effective Date: 07-01-1962
• Section 1315.35 - [Repealed].
  Effective Date: 09-26-1996; 2008 HB545 09-01-2008
• Section 1315.36 - [Repealed].
  Effective Date: 09-26-1996; 2008 HB545 09-01-2008
• Section 1315.37 - [Repealed].
  Effective Date: 09-26-1996; 2008 HB545 09-01-2008
• Section 1315.38 - [Repealed].
  Effective Date: 09-26-1996; 2008 HB545 09-01-2008
• Section 1315.39 - [Repealed].
  Effective Date: 12-05-1995; 05-18-2005; 2008 HB545 09-01-2008
• Section 1315.40 - [Repealed].
  Effective Date: 08-29-2000; 05-18-2005; 2008 HB545 09-01-2008
• Section 1315.41 - [Repealed].
  Effective Date: 08-29-2000; 2008 HB545 09-01-2008
• Section 1315.42 - [Repealed].
  Effective Date: 09-26-1996; 2008 HB545 09-01-2008
• Section 1315.43 - [Repealed].
  Effective Date: 09-26-1996; 2008 HB545 09-01-2008
• Section 1315.44 - [Repealed].
  Effective Date: 12-05-1995; 2008 HB545 09-01-2008
• Section 1315.45 To 1315.50 - [Repealed].
  Effective Date: 07-01-1962
• Section 1315.51 - Transaction Reporting, Money Laundering Definitions.
  As used in sections 1315.51 to 1315.55 of the Revised Code, unless the context otherwise requires: (A) "Conduct the business" means engaging in activities...
• Section 1315.52 - Liberal Construction Of Statutes.
  Sections 1315.51 to 1315.55 of the Revised Code shall be liberally construed to effectuate their remedial purposes. Effective Date: 09-19-1996
• Section 1315.53 - Reporting Transactions - Records.
  (A) A money transmitter that is required to file a report regarding business conducted in this state pursuant to the "Currency and Foreign Transactions...
• Section 1315.54 - Investigations.
  (A) The attorney general may conduct investigations within or outside this state to determine if a money transmitter or person engaged in a trade...
• Section 1315.55 - Additional Prohibited Activities.
  (A) (1) No person shall conduct or attempt to conduct a transaction knowing that the property involved in the transaction is the proceeds of...
• Section 1315.56 To 1315.76 - [Repealed].
  Effective Date: 07-01-1962
• Section 1315.99 - Penalty.
  (A) Whoever violates division (A) or (B) of section 1315.28 or division (E)(2) of section 1315.53 of the Revised Code is guilty of a...

Last modified: October 10, 2016