As used in this chapter, unless the context otherwise requires:
(1) Check means a check signed by the maker and made payable to a person licensed under this chapter;
(2) Commissioner means the commissioner of financial institutions or the commissioner's designated representative;
(3) Deferred presentment services means a transaction pursuant to a written agreement involving the following combination of activities in exchange for a fee:
(A) Accepting a check dated on the date it was written; and
(B) Holding the check for a period of time prior to presentment for payment or deposit;
(4) Department means the department of financial institutions;
(5) Licensee means a person licensed to provide deferred presentment services pursuant to this chapter; and
(6) Person means an individual, group of individuals, partnership, association, corporation, or any other business unit or legal entity.
As used in this chapter, unless the context otherwise requires:
(1) Check means a check signed by the maker and made payable to a person licensed under this chapter;
(2) Commissioner means the commissioner of financial institutions or the commissioner's designated representative;
(3) Deferred presentment services means a transaction pursuant to a written agreement involving the following combination of activities in exchange for a fee:
(A) Accepting a check dated on the date it was written; and
(B) Holding the check for a period of time prior to presentment for payment or deposit;
(4) Department means the department of financial institutions;
(5) Licensee means a person licensed to provide deferred presentment services pursuant to this chapter; and
(6) Person means an individual, group of individuals, partnership, association, corporation, or any other business unit or legal entity.
As used in this chapter, unless the context otherwise requires:
(1) Check means a check signed by the maker and made payable to a person licensed under this chapter;
(2) Commissioner means the commissioner of financial institutions or the commissioner's designated representative;
(3) Deferred presentment services means a transaction pursuant to a written agreement involving the following combination of activities in exchange for a fee:
(A) Accepting a check dated on the date it was written; and
(B) Holding the check for a period of time prior to presentment for payment or deposit;
(4) Department means the department of financial institutions;
(5) Licensee means a person licensed to provide deferred presentment services pursuant to this chapter; and
(6) Person means an individual, group of individuals, partnership, association, corporation, or any other business unit or legal entity.
