IN RE: REQUEST BY OAK BROOK/CASH NOW PARTNERS d/b/a MONEY CONNECTION FOR A DECLARATORY RULING FROM THE APPLICABILITY OF THIS REGULATORY LOAN ACT OF 1963, AS AMENDED, TO CERTAIN TRANSACTIONS.
Oak Brook/Cash Now Partners d/b/a Cash Connection (“Cash Connection”) is a small business that runs within the greater metropolitan Detroit area. Its activity that is primary is checks for a cost, along with other ancillary solutions include issuance of cash purchases, giving and getting Western Union cash transfers, along with other relevant solutions. money Connection has required a ruling on solution that is a variation on its check cashing company.
In its check that is normal cashing Cash Connection will cash payroll, federal federal government, and individual checks for the cost of 10% associated with the level of the check.