SENATE BILL 725

File Code: Financial Institutions

Sponsored By:

Senator Astle

Entitled:

Check Cashing Services - Transaction Fees

Synopsis:

Authorizing persons licensed to provide check cashing services in the State to charge a customer a transaction fee not to exceed $4 if the face amount of the payment instrument is $100 or less, or $5 if the face amount of the payment instrument is over $100, for the purpose of verifying checking account information of the maker of a payment instrument.

History by Legislative Date

Senate Action

2/2

First Reading Finance

2/6

Hearing 2/21 at 1:00 p.m.

3/13

Unfavorable Report by Finance

House Action

No Action

Bill indexed under the following Subjects:

CHECKS

FEES -see also- DEVELOPMENT FEES AND TAXES

LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES

Bill affects the following Statute:

Financial Institutions

( 12-120 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered