Check Cashing Service - Financial Regulation
A Check Cashing Service is a business that accepts or cashes, for compensation, a payment instrument (check or a draft ordering a person to pay money) regardless of the date of the payment instrument.
- New Applicants - ALL new license applicants MUST initiate applications through the NMLS. Proceed to NMLS.
Please note new license requests must be submitted through the NMLS, but supporting documentation must be sent to the Maryland Office of the Commissioner of Financial Regulation.
- Renewing Licensees - You must renew your license on the NMLS during the renewal period – November 1st through December 31st. Proceed to NMLS. Please note renewal requests must be submitted through the NMLS, but supporting documentation must be sent to the Maryland Office of the Commissioner of Financial Regulation.
- Print a Copy of Your License
- Application and Licensing Fees
Required: Information on Business Activities
License Term: one year (Jan. 1 - Dec. 31)
Check Cashing Services Advisory on Bank Imposed Fees - June 29, 2016
Laws and Rules
Applicants and licensees are expected to be knowledgeable about and in compliance with the Check Casher law, and any other applicable State or Federal statutes and regulations. Maryland rules and regulations can be found by accessing the Annotated Code of Maryland and Rules and Code of Maryland Regulations (COMAR).
Note: To access the Maryland Code Annotated, from the link below, select the "Maryland Code" folder, then select the individual folders or links provided to delve into the volumes, chapters, and/or sections of the publication.