Ohio Revised Code Search

...(A) As often as the superintendent of financial institutions considers necessary, the superintendent, or any deputy or examiner appointed or any contractor engaged by the superintendent for that purpose, thoroughly shall examine the records and affairs of each licensee. The examination shall include a review of all of the following: (1) Compliance with law; (2) Safety and soundness; (3) Other matters that the supe...

...(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 1315.12 of the Revised Code, the superintendent of financial institutions may do any of the following: (1) Participate with financial institution regulatory authorities of this and other states, the United States, and other countries in any of the following: ...

...amined to assist them in conducting the business of the licensee or other money transmitter examined in a safe and sound manner and in compliance with the law; (5) To law enforcement authorities conducting criminal investigations. (C) Information leading to, arising from, or obtained in the course of an examination of a licensee or other person pursuant to sections 1315.01 to 1315.18 of the Revised Code shall not b...

... Code for each licensee to carry on the business of a money transmitter. When establishing the annual fee for each licensee, the superintendent may consider the number of offices and authorized delegates the licensee has and the volume of business the licensee does in this state.

...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 1315.01 to 1315.18 of the Revised Code.

...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 or supervisory action issued or taken under those sections, for a person to serve as an organizer, incorporator, director, executive officer, or controlling person of a licensee, or to otherwise have a substantial interest in or participate in the management ...

...e or unsound practice in conducting the business of transmitting money. (2) The licensee or other person is violating, has violated, or, the superintendent has reasonable cause to believe, is about to violate any of the following: (a) A law or rule; (b) A condition imposed in writing by the superintendent in connection with granting an application or other request by the licensee or other person; (c) A written ag...

...nt. (4) The licensee is conducting its business in an unsafe or unsound manner. (5) The licensee is insolvent. (6) The licensee has suspended payment of its obligations, has made an assignment for the benefit of its creditors, or has admitted in writing its inability to pay its debts as they become due. (7) The licensee has applied for an adjudication of bankruptcy, reorganization, arrangement, or other relief re...

...(A) The superintendent of financial institutions may assess civil penalties against a licensee or other person for each day a violation, unsafe or unsound practice, or breach continues as follows: (1) The superintendent may assess a civil penalty of not more than five hundred dollars per day if the licensee or other person violates any of the following: (a) Any law or rule; (b) Any order issued pursuant to section...

...y where the person's principal place of business or residence is located or, if the person's principal place of business or residence is not in this state, the court of common pleas of Franklin county for the issuance of a temporary restraining order or an injunction.

...ides or in which the principal place of business of the person is located, or a judge of the court, shall compel compliance by attachment proceedings as for contempt in the case of noncompliance with a subpoena issued from the court or refusal to testify in the court.

...(A) The superintendent of financial institutions may serve any notice that the superintendent is required or authorized to give and any subpoena or order that the superintendent is required or authorized to issue pursuant to sections 1315.01 to 1315.18 of the Revised Code, at the sole discretion of the superintendent, by any of the following means: (1) In person by the superintendent or an employee or agent of the d...

...d or the witness resides or carries on business, for enforcement of a subpoena or subpoena duces tecum issued pursuant to this section, and the courts have jurisdiction and power to order and require compliance with the subpoena. Witnesses subpoenaed under this section shall be paid the fees and mileage provided for under section 119.094 of the Revised Code. (B)(1) A licensee or other person against whom the ...

...(A) A licensee that ceases to do business in this state shall do so in accordance with a plan approved by the superintendent of financial institutions or pursuant to directions issued by the superintendent in connection with the revocation or suspension of the licensee's license pursuant to section 1315.151 of the Revised Code. (B) When a licensee ceases to do business in this state, if the superintendent considers ...

... a travelers check. (B) "Check-cashing business" means any person that engages in the business of cashing checks for a fee. "Check-cashing business" does not include any of the following: (1) A licensee as defined in section 1321.01 of the Revised Code; (2) A registrant as defined in section 1321.51 of the Revised Code; (3) A financial institution; (4) A person that is primarily engaged in the business of sellin...

... 1, 1993, shall operate a check-cashing business without first obtaining a license from the superintendent of financial institutions. (B) Application for an original license required under this section or a renewal license required under section 1315.23 of the Revised Code shall be in writing, under oath, and in the form prescribed by the superintendent. The application shall contain the following information: (1)(...

...or an original license to engage in the business of cashing checks, and the payment of the fees for investigation and licensure, the superintendent of financial institutions shall investigate the financial condition and responsibility and general fitness of the applicant. As part of that investigation, the superintendent shall request that the superintendent of the bureau of criminal identification and investigation ...

...(A) The superintendent of financial institutions may make any investigation and conduct any hearing the superintendent considers necessary to determine whether any person has violated sections 1315.21 to 1315.28 of the Revised Code, or has engaged in conduct that would justify the suspension, revocation, or refusal of an original or renewal check-cashing license. (B) In making any investigation or conducting an...

...after January 1, 1993, no check-cashing business shall deposit, in a financial institution, any check cashed by the check-cashing business unless both of the following conditions are met: (A) The check is indorsed with the name of the check-cashing business that appears on its license. (B) The words "licensed check-cashing business" are written legibly or stamped immediately after or below the name of the indorser.

...(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 of the check for cashing checks issued by this state, a state agency, a political subdivision of this state, or the United States. (B) Each check-cashing business shall conspicuously post and at all times display in every business location a schedule of its fees and...

...requirements that require check-cashing businesses to do all of the following: (1) Maintain a daily cash reconcilement that: (a) Summarizes daily activity; (b) Reconciles cash-on-hand at the opening of business to cash-on-hand at the close of business; (c) Separately reflects cash received from the sale of checks, cash disbursed in cashing of checks, redemption of returned items, bank cash deposits, and bank cash...

...(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 made, investigation conducted, or hearing held pursuant to sections 1315.22 to 1315.24 of the Revised Code. (B) No person shall: (1) Obstruct or refuse to permit any lawful investigation by the superintendent of financial institutions, a person acting on behalf of an agen...

...te persons engaged in the check-cashing business and the manner in which any such business is conducted. By the enactment of sections 1315.21 to 1315.30 of the Revised Code, it is the intent of the general assembly to preempt municipal corporations and other political subdivisions from the regulation and licensing of check-cashing businesses.

...t otherwise requires: (A) "Conduct the business" means engaging in activities regulated under sections 1315.51 to 1315.55 of the Revised Code. (B) "Corrupt activity" has the same meaning as in section 2923 of the Revised Code. (C) "Knowingly" has the same meaning as in section 2901.22 of the Revised Code. (D) "Material" means a statement or omission that can affect the course or outcome of a transaction, regardle...

...Sections 1315.51 to 1315.55 of the Revised Code shall be liberally construed to effectuate their remedial purposes.