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Winter 2025 Check Casher/Seller and Payday Lender Industry Update

Number of Licensees

Number of licensees as of February 2025.

License Types As of February 2025 As of February 2024
Check Casher – Main Office 82 85
Check Casher – Branch Office 217 217
Payday – Main Office 10 11
Payday – Branch Office 22 23

Annual Assessment Reminder – April 15 Deadline

The arrival of a new year often means the filing of quarterly or yearly reports. Licensees should remember the Annual Report and Assessment is due by April 15 each year. Information on filing the 2024 Annual Report and Assessment will be available in early March. Licensees must also provide year-end financial statements, including both a balance sheet and income statement prepared in accordance with Generally Accepted Accounting Principles (GAAP).

To receive notifications about the annual assessment, sign up for the Department’s GovDelivery notices.