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.

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Terms Used In Indiana Code 28-8-5-23

  • check cashing transaction: means a transaction under this chapter in which there is no written or implied agreement to hold the check for more than three (3) business days. See Indiana Code 28-8-5-2.5
  • checks: includes a check, draft, or money order. See Indiana Code 28-8-5-2
  • department: means the members of the department of financial institutions. See Indiana Code 28-8-5-4
  • person: means any individual, sole proprietorship, partnership, trust, joint venture, limited liability company, corporation, unincorporated organization, or other form of entity, however organized. See Indiana Code 28-8-5-9
     (b) If a person knowingly acts as a casher of checks without the license required by section 12 of this chapter, the check cashing transaction is void and the customer is not required to pay any check cashing fees to the person. If the customer has paid any check cashing fees to the person, the customer, or the department on behalf of the customer, is entitled to recover the payment from the person.

As added by P.L.42-1993, SEC.86. Amended by P.L.172-1997, SEC.24.

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