Maryland § 12-102
Full text of Maryland Maryland Code § 12-102, with citation guidance and answers to common questions.
§ 12-102.
(a) This subtitle does not apply to check cashing services:
(1) In which a customer presents a payment instrument for the exact amount of a purchase; or
(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.
(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.
(2) A check cashing service is not subject to the Maryland Consumer Loan Law if:
(i) The fee charged for the check cashing service does not exceed the fee permitted under this subtitle;
(ii) No additional fee is charged to defer the presentment or deposit of the payment instrument; and
(iii) The check cashing service is not subject to renewal or extension by any means.
Frequently Asked Questions About Maryland § 12-102
What does Maryland Code § 12-102 cover?
Section 12-102 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 12-102?
A common citation format is "Maryland Code § 12-102" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 12-102 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.