Ohio Rev. Code Ann. § 1315.25 – Conditions for deposit of checks into financial institution | Midpage
§ 1315.25
Ohio Rev. Code Ann. § 1315.25
Conditions for deposit of checks into financial institution
Effective Jul 30, 1993House Bill 266 - 120th General Assembly
On and after January 1, 1993, no check-cashing business shall deposit, in a financial institution, any check cashed by the check-cashing business unless both of the following conditions are met:
(A) The check is indorsed with the name of the check-cashing business that appears on its license.
(B) The words "licensed check-cashing business" are written legibly or stamped immediately after or below the name of the indorser.