Department of Commerce - Rules Relating to Check-Cashing Businesses - Definitions.

Published: 2016-09-19

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As used in sections 1315.21 to 1315.30 of the Revised Code and this chapter:

(A) "Advertise," "advertisement," and "advertising" means any written or oral statement, illustration, or depiction designed to create interest in purchasing check-cashing services.

(B) "Cash" means United States currency and does not include a check, draft, traveler's check, money order, or other instrument for the transmission of money.

(C) "Government check" means a check issued by this state, a state agency of this state, a political subdivision of this state, or the United States, including, but not limited to, checks issued by the internal revenue service and the pension benefit guaranty corporation.

(D) "Political subdivision" means a municipal corporation, township, county, school district, or other body corporate and politic responsible for governmental activities in a geographic area smaller than that of the state.

(E) "State agency" means every organized body, office, agency, institution, or other entity established by the laws of this state for the exercise of any function of state government, and includes, but not limited to, checks issued by the bureau of workers' compensation, the industrial commission, any state-supported institution of higher education, the public employees retirement system, the Ohio police and fire pension fund, the state teachers retirement system, the school employees retirement system, the state highway patrol retirement system, and the courts.

(F) "Three per cent of the face amount of the check" means the aggregate total of any and all fees and other charges, including, but not limited to, membership or financial institution processing fees. Fees paid by customers to buy money orders shall not be counted towards the three percent fee limit.