summary
Introduced
01/21/2020
01/21/2020
In Committee
01/21/2020
01/21/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Creating a maximum allowable check-cashing rate
AI Summary
This bill proposes to create a maximum allowable check-cashing rate in Massachusetts. Specifically, it would limit the fees that licensed check-cashing businesses can charge for cashing different types of checks, such as government checks, payroll checks, and personal checks. The bill also caps the fee for setting up an initial customer account at $5. The bill would take effect on December 31, 2020.
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),
Other Sponsors (1)
Joint Committee on Consumer Protection and Professional Licensure (J)
Last Action
Read second and ordered to a third reading (on 02/27/2020)
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/H4308 |
| Bill | https://malegislature.gov/Bills/191/H4308.pdf |
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