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 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.
Available Versions of this Section
- July 30, 1993 – House Bill 266, 120th General Assembly [ View July 30, 1993 Version ]