Skip to main content
Find a Lawyer

Maryland Code, Financial Institutions § 12-802

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) In this subtitle the following words have the meanings indicated.

(b) “Currency” means currency and coin of the United States or any other country.

(c) “Department” means the Maryland Department of Labor.

(d)(1) “Financial institution” means:

(i) A national banking association;

(ii) A State banking institution;

(iii) A credit union that is organized under the laws of this State or of the United States;

(iv) Any other organization that is organized under the banking laws of the State and subject to the supervision of the Commissioner;

(v) A savings and loan association that is organized under the laws of the State or of the United States; or

(vi) Persons engaged in the business of cashing checks for a fee unless performed incidental to the sale of goods or services.

(2) “Financial institution” does not include any person licensed by the Commissioner under Title 11 of this article.

(e) “Person” means an individual, partnership, firm, trust, estate, association, corporation, or other entity.

(f) “Secretary” means the Secretary of Labor.

(g) “Transaction” includes the deposit, withdrawal, transfer, bailment, loan, pledge payment, or exchange of currency by, through, or to the financial institution.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 12-802 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-12-802/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard