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Can you summarize OHRC Chapter 1315?
Commercial Transactions > Transmitters Of Money; Check-cashing Businesses
Short Summary
The Ohio Revised Code, specifically sections 1315.01 to 1315.18, governs the activities of transmitters of money and check-cashing businesses in Ohio. It applies to persons located in the state of Ohio who are licensed to receive money or its equivalent for transmission. The document defines various terms used in the code and provides a framework for regulating and overseeing the operations of transmitters of money and check-cashing businesses in Ohio. It excludes transactions where the recipient of the money is the principal or authorized representative of the principal. The document does not specify any penalties for non-compliance.
Whom does it apply to?
Persons located in the state of Ohio who are licensed to receive money or its equivalent for transmission
What does it govern?
Activities of transmitters of money and check-cashing businesses
What are exemptions?
Transactions where the recipient of the money is the principal or authorized representative of the principal
What are the Penalties?
No specific penalties are mentioned
Jurisdiction
Ohio