{"data":{"id":"us-md/md.-code-financial-institutions-12-102","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 12–102","heading":"","body":"(a) This subtitle does not apply to check cashing services:\n(1) In which a customer presents a payment instrument for the exact amount of a purchase; or\n(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.\n(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.\n(2) A check cashing service is not subject to the Maryland Consumer Loan Law if:\n(i) The fee charged for the check cashing service does not exceed the fee permitted under this subtitle;\n(ii) No additional fee is charged to defer the presentment or deposit of the payment instrument; and\n(iii) The check cashing service is not subject to renewal or extension by any means.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=12-102","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"d65ba81b1f8b7cd83ec5f5f1e8fbc2c2d2a0a5ea12332c9550b5f6a752111d69","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-12-101","next":"us-md/md.-code-financial-institutions-12-103"},"notice":"GroundRules: Original legal text. Not legal advice."}