§ 53-286 – Civil penalties and restitution.
53-286. Civil penalties and restitution. The Commissioner may order and impose civil penalties upon any person required to be licensed under this Article for violations of this Article or rules adopted thereunder. Civil penalties shall not exceed one thousand dollars ($1,000) per violation. All civil money penalties collected under this Article shall be paid to […]
§ 53-287 – Criminal penalties.
53-287. Criminal penalties. A violation of G.S. 53-276 by a person required to obtain a license under this Article is a Class I felony. Each transaction involving the unlawful cashing of a check, draft, or money order constitutes a separate offense. (1997-391, s. 1.)
§ 53-275 – Definitions.
53-275. 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 […]
§ 53-276 – License required.
53-276. License required. No person or other entity may engage in the business of cashing checks, drafts, or money orders for consideration without first obtaining a license under this Article. No person or other entity providing a check-cashing service may avoid the requirements of this Article by providing a check or other currency equivalent instead […]
§ 53-277 – Exemptions.
53-277. Exemptions. (a) This Article does not apply to any of the following: (1) A bank, savings institution, credit union, or farm credit system organized under the laws of the United States or any state. (2) Any person or entity principally engaged in the bona fide retail sale of goods or services that, either as […]