KRS 286.9-020: Requirement of license.

Except as provided in KRS 286.9 -030, no person shall engage in the business of cashing

checks or accepting deferred deposit transactions for a fee or other consideration without

having first obtained a license. A separate license shall be required for each location from

which the business of cashing checks or accepting deferred deposit transactions is

conducted. Any person engaged in that business on the effective date of this section may

continue to engage in the business without a license until the commis sioner shall have

acted upon his or her application for a license if the application is filed within sixty (60)

days after April 14, 1998.