Current through March 29, 2024
Section 533D.2 - DefinitionsFor purposes of this chapter, unless the context otherwise requires:
1."Check" means a check, draft, share draft, or other instrument for the payment of money.2."Delayed deposit services business" means a person who for a fee does either of the following:a. Accepts a check dated subsequent to the date it was written.b. Accepts a check dated on the date it was written and holds the check for a period of time prior to deposit or presentment pursuant to an agreement with, or any representation made to, the maker of the check, whether express or implied.3."Licensee" means a person licensed to operate pursuant to this chapter.4."Person" means an individual, group of individuals, partnership, association, corporation, or any other business unit or legal entity.5."Superintendent" means the superintendent of banking.