District of Columbia Sale of Checks Act

District of Columbia Sale of Checks Act - Provides that no person, with specified exceptions, shall engage in the business of selling checks, as a service or for a fee or other consideration in the District of Columbia without having first obtained a license under the provisions of this Act. States that any person engaged in such business on the effective date of this Act may continue without a license until the Superintendent has acted upon his application for a license.

States that to qualify for a license under this Act an applicant must meet specified requirements as to net worth and financial responsibility. Prescribes the procedure for filing of applications for licenses and requires each such application to be accompanied by: (1) an investigation fee of $250; (2) satisfactory financial statements; and (3) a surety bond of a specified amount.

Provides that each licensee be liable for the payment of all checks which he sells in the District of Columbia, as the drawer according to the negotiable instrument laws of the District of Columbia. Provides for the revocation of licenses and penalties for violations of this Act.