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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 26-307: Minimum liquid assets required.

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Where this section sits in the code
  1. Title 26. Banks and Other Financial Institutions.
  2. Chapter 3. Check Cashers.

Each applicant shall demonstrate, in a form satisfactory to the Superintendent, [Commissioner] the availability of capital of at least $25,000 for the operation of the business of each location and mobile unit from which the applicant proposes in the application to conduct business. Each licensee shall continuously maintain capital of at least $5,000 for the operation of the business of each location and mobile unit from which the licensee conducts business.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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