Ohio § 1315.23

§ 1315.23.

(A) Upon the filing of an application for an original license to engage in the business

of cashing checks, and the payment of the fees for investigation and licensure, the

superintendent of financial institutions shall investigate the financial condition

and responsibility and general fitness of the applicant.  As part of that investigation, the superintendent shall request that the superintendent

of the bureau of criminal identification and investigation investigate and determine,

with respect to the applicant, whether the bureau has any information gathered under section 109.57 of the Revised Code that pertains to that applicant. (B)(1) Except as provided in division (B)(2) of this section, the superintendent shall issue

a license, which shall apply to all check-cashing business locations of the applicant,

if the superintendent determines that the applicant meets all the following requirements: (a) The applicant is financially sound and has a net worth of at least twenty-five thousand

dollars.  The applicant's net worth shall be computed according to generally accepted accounting

principles.  The applicant shall maintain a net worth of at least twenty-five thousand dollars

throughout the licensure period. (b) The applicant has the ability and fitness in the capacity involved to engage in the

business of cashing checks. (c) The applicant has not been convicted of, or has not pleaded guilty or no contest

to, a disqualifying offense determined in accordance with section 9.79 of the Revised Code . (d) The applicant has never had a check-cashing license revoked. (2) The superintendent shall issue a license to engage in the business of cashing checks

in accordance with Chapter 4796. of the Revised Code to an applicant if either of

the following applies: (a) The applicant holds a license in another state. (b) The applicant has satisfactory work experience, a government certification, or a

private certification as described in that chapter in the business of cashing checks

in a state that does not issue that license. (C)(1) A license issued to a check-cashing business shall remain in full force and effect

through the thirty-first day of December following its date of issuance, unless earlier

surrendered, suspended, or revoked. (2) Each check-cashing business shall conspicuously post and at all times display in

every business location its check-cashing license.  No check-cashing license is transferable or assignable. (D) A check-cashing business voluntarily may surrender its license at any time by giving

written notice to the superintendent and sending, by certified mail, to the superintendent

all license documents issued to it pursuant to sections 1315.21 to 1315.28 of the Revised Code . (E)(1) A check-cashing business annually may apply to the superintendent for a renewal of

its license on or after the first day of December of the year in which its existing

license expires. (2) If a check-cashing business files an application for a renewal license with the superintendent

before the first day of January of any year, the license sought to be renewed shall

continue in full force and effect until the issuance by the superintendent of the

renewal license applied for or until ten days after the superintendent has given the

check-cashing business notice of the superintendent's refusal to issue a renewal license. (F) The superintendent may, except as otherwise provided in this division, suspend, revoke,

or refuse an original or renewal license for failure to comply with this section or

for any violation of section 1315.28 of the Revised Code .  If a suspension, revocation, or refusal of an original or renewal license is based

on a violation of section 1315.28 of the Revised Code that is committed, without the licensee's knowledge, at a check-cashing business

location of the licensee, the suspension or revocation applies only to that check-cashing

business location.  In all other cases, a suspension, revocation, or refusal of an original or renewal

license applies to all check-cashing business locations of the licensee.  The superintendent shall not refuse an original license to an applicant because

of a criminal conviction unless the refusal is in accordance with section 9.79 of the Revised Code . (G) No original or renewal license shall be suspended, revoked, or refused except after

a hearing in accordance with Chapter 119. of the Revised Code.  In suspending a license under this division, the superintendent shall establish

the length of the suspension, provided that no suspension may be for a period exceeding

one year.  The superintendent's decision to revoke, suspend, or refuse an original or renewal

license may be appealed pursuant to Chapter 119. of the Revised Code. (H) Upon revocation of a license, the licensee shall immediately send, by certified mail,

all license documents issued pursuant to sections 1310.21 to 1310.28 of the Revised Code to the superintendent. (I) The superintendent may, in lieu of a suspension or revocation of a license, impose

a fine of not more than one thousand dollars for each violation.