28-8-5-24.5. Compliance With Money Laundering Laws; Investigation and Enforcement by Department
Sec. 24.5. (a) A licensee shall comply with all state and federal money laundering statutes and regulations, including the following: (1) The Bank Secrecy Act (31 U.S.C. 5311 et seq.). (2) The USA Patriot Act of 2001 (P.L. 107-56). (3) Any regulations, policies, or reporting requirements established by the Financial Crimes Enforcement Network of the […]
28-8-5-25. Violations
Sec. 25. A licensee who violates the provisions of this chapter commits a Class A misdemeanor. As added by P.L.42-1993, SEC.86.
28-8-5-21.1. Applicability of Law Governing Administrative Orders and Procedures; Venue
Sec. 21.1. Except as otherwise provided, IC 4-21.5 applies to and governs all agency action taken by the department under this chapter. A proceeding for administrative review under IC 4-21.5-3 or judicial review under IC 4-21.5-5 must be held in Marion County. As added by P.L.35-2010, SEC.190.
28-8-5-22. Suspension or Revocation of License; Order to Show Cause; Order of Suspension or Revocation; Relinquishment of License; Existing Obligations; Emergency Order for Revocation
Sec. 22. (a) The department may issue to a licensee an order to show cause why the licensee’s license should not be revoked or suspended for a period determined by the department. (b) An order issued under subsection (a) must: (1) include: (A) a statement of the place, date, and time for a meeting with […]
28-8-5-22.5. Failure to File Renewal Form or Pay Renewal Fee; Revocation or Suspension of License
Sec. 22.5. (a) A license issued by the department under this chapter may be revoked or suspended by the department if the person fails to: (1) file any renewal applications prescribed by the director; or (2) pay any license renewal fee described under section 15 of this chapter; not later than sixty (60) days after […]
28-8-5-23. Investigations; Void Check Cashing Transactions
Sec. 23. (a) If the department determines that a reasonable belief exists that a person is operating without a valid license or in violation of this chapter, the department may investigate the person. (b) If a person knowingly acts as a casher of checks without the license required by section 12 of this chapter, the […]
28-8-5-24. Civil Penalties; Civil Action by Department
Sec. 24. (a) If the department determines, after notice and an opportunity to be heard, that a person has violated this chapter, the department may, in addition to or instead of all other remedies available under this chapter, impose upon the person a civil penalty not greater than ten thousand dollars ($10,000) per violation. (b) […]
28-8-5-15. License Renewal; Application; Fee; Changes and Events Concerning Licensees or Applicants; Notice to Department Required
Sec. 15. (a) To remain in force, a license must be renewed not later than December 31 of each year, beginning with the year following the date of issuance, as set forth in section 14 of this chapter. A licensee may renew a license issued under this chapter by filing a renewal application as prescribed […]
28-8-5-16. Check Cashing Requirements
Sec. 16. (a) A licensee must do the following: (1) Conspicuously display at each place of business a notice to the public stating the maximum charges for cashing checks. (2) Make payment to a customer for whom a check is being cashed upon presentment of the check. (3) Endorse the name in which the licensee […]
28-8-5-17. Check Cashing Fee Limitations
Sec. 17. (a) Except as otherwise provided in this chapter, a licensee may not charge check cashing fees in excess of: (1) the greater of ten dollars ($10) or ten percent (10%) of the face amount of a check, in the case of a personal check; or (2) the greater of five dollars ($5) or […]