Toledo check-cashing firm inks deal to keep license

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A Toledo check-cashing business has reached an agreement with the Ohio Department of Commerce, Division of Financial Institutions so that its license will not be revoked.

Check Into Cash of Ohio LLC, doing business as Check Into Cash, 3362 Glendale Ave., had been cited for allegedly issuing loans in the form of checks then charging customers a fee to cash them. Under the agreement, Check Into Cash cannot charge a fee for 15 days after a check is written.

Among other actions, the Division of Financial Institutions has refused to renew the loan originator license of Alan G. Singlar of Northwood. It also fined loan originator Elizabeth A. Terwilliger of Toledo $500 for failing to comply with continuing education requirements; she has completed the requirements and retained her license.

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