If an application is denied, the division must inform the applicant and publish the findings within 20 days. The applicant may appeal the decision to the appropriate circuit court within 30 days after publication. Registration must be renewed annually and is not transferable. Fee schedules must be conspicuously posted with the registration certificate of the business and information on filing a complaint. Businesses must also provide each customer with a receipt, file an annual report with the division, and maintain records of each transaction for at least 3 years.
Violations are class A misdemeanors and considered unfair and deceptive trade practices.
Penalties are paid to a fund for consumer education programs. The division must also submit to the General Assembly and make available to the public an annual report on the status of check cashing businesses in the state.