Licensing Standards

(1) A license to engage in the business of check cashing will be issued to an Applicant if the Commissioner, upon review of the application and all other relevant information, determines that the Applicant has met all of the requirements of 209 CMR 45.03 or 45.04, or M.G.L. c. 169A. (2) (a) The Commissioner may deny an application if the Commissioner upon review of the application and other relevant information, determines that the Applicant has not satisfied the requirements of 209 CMR 45.03 or 45.04, or c. 169A. (b) The Commissioner may also deny such an application or the renewal thereof if the Applicant has: 1. violated any provisions of M.G.L. c. 169A or 209 CMR 45.00; 2. violated or engaged in a pattern of violations of any state or federal law applicable to the conduct of the licensed business, or any rule, regulation, or administrative order or directive promulgated thereunder; 3. conducted or will conduct its business in an unsafe or unsound manner; 4. engaged in conduct which has resulted in the suspension or revocation of its license to engage in the business of a check casher, or any other business by any licensing authority of any state; 5. made a false statement of a material fact in the application for a license; 6. an adverse credit history as determined by the Commissioner in a current credit report; 7. ever: a. been convicted of or pleaded nolo contendere to a felony; or b. committed an act involving fraud or deceit, which act is substantially related to the qualifications, functions, or duties of a person engaged in the licensed business; or 8. had its check casher license revoked for a location at the address at which the Applicant intends to operate its business within six months of the date of the new application. (3) An Applicant for a check casher license whose application has been denied under 209 CMR 45.05(2) may appeal the Commissioner's action to the superior court sitting in the county in which the business of the Applicant is located pursuant to M.G.L. c. 169A, § 4.