2001 Regular Session

HOUSE BILL 1393

File Code: Financial Institutions
Sponsored By:
Delegate Valderrama
Entitled:
Financial Institutions - Requirement to Cash Money Orders

Synopsis:

Requiring financial institutions to cash a money order presented for payment by an individual, whether or not the individual is a customer of the financial institution; and authorizing financial institutions to charge a reasonable fee for cashing a money order, not to exceed the fee for cashing a payment instrument authorized under a specified provision of law regulating providers of check cashing services.

History by Legislative Date

House Action
2/26
First Reading House Rules and Executive Nominations
3/5
Re-referred Commerce and Government Matters
3/6
Hearing 3/9 at 1:00 p.m.
3/15
Unfavorable Report by Commerce and Government Matters
Senate Action
No Action
Bill indexed under the following Subjects:
BANKS AND TRUST COMPANIES
COMMERCIAL PAPER -see also- CHECKS
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
Bill affects the following Statute:
Financial Institutions
( 1-209 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered