Statutes, codes, and regulations
Indiana Code
Title 28 - FINANCIAL INSTITUTIONSArticle 8 - FINANCIAL SERVICES
Chapter 5 - CASHING CHECKS
Section 28-8-5-18.5 - Checks drawn on valid accounts and deposited with intent to draw funds

Ind. Code § 28-8-5-18.5

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Current through P.L. 171-2024
Section 28-8-5-18.5 - Checks drawn on valid accounts and deposited with intent to draw funds

The check in a check cashing transaction, to the best of the licensee's knowledge, must be drawn on a valid, open, and active account and must be deposited by the licensee into a financial institution with the intent to draw the funds of that check.

IC 28-8-5-18.5

As added by P.L. 80-1998, SEC.24.