§ 12–102
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 12-102 (2026)
Title 12. Miscellaneous Institutions and Activities
Subtitle 1. Check Cashing Services
§ 12–102LinkCopy Citation
(a)
This subtitle does not apply to check cashing services:
(1)
In which a customer presents a payment instrument for the exact amount of a purchase; or
(2)
Involving foreign currency exchange services or the cashing of a payment instrument drawn on a financial institution other than a federal, State, or other state financial institution.
(b)
(1)
This subtitle does not apply to a transaction that is subject to the Maryland Consumer Loan Law (Title 12, Subtitle 3 of the Commercial Law Article and Title 11, Subtitle 2 of this article), including a transaction in which an additional fee is charged to defer the presentment or deposit of a payment instrument until a subsequent date.
(2)
A check cashing service is not subject to the Maryland Consumer Loan Law if:
(i)
The fee charged for the check cashing service does not exceed the fee permitted under this subtitle;
(ii)
No additional fee is charged to defer the presentment or deposit of the payment instrument; and
(iii)
The check cashing service is not subject to renewal or extension by any means.