summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to limit fees charged by cashers of checks, drafts or money orders. Consumer Protection and Professional Licensure.
AI Summary
This bill aims to limit the fees that check cashers can charge for their services. It sets a maximum fee of 1.5% plus $1 for government checks, 3% plus $1 for payroll checks under $100 and 2.25% plus $1 for payroll checks over $100, and 5% or $5 (whichever is greater) plus $1 for personal checks. The bill also limits the initial account setup fee to $5 and increases the maximum fine for violations from $500 to $1,000.
Committee Categories
Labor and Employment
Sponsors (20)
Brian Ashe (D),
David Biele (D),
Joseph Boncore (D),
Daniel Cullinane (D),
Josh Cutler (D),
Mindy Domb (D),
Jamie Eldridge (D),
Jim Hawkins (D),
Stephen Hay (D),
Jonathan Hecht (D),
Dan Hunt (D),
Kay Khan (D),
David LeBoeuf (D),
Adrian Madaro (D),
Elizabeth Malia (D),
Liz Miranda (D),
Denise Provost (D),
Dave Robertson (D),
Danny Ryan (D),
Andy Vargas (D),
Last Action
Accompanied a new draft, see H4308 (on 01/21/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H277 |
| Bill | https://malegislature.gov/Bills/191/H277.pdf |
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