HOUSE BILL 1393

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