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Bill > HB276


NM HB276

NM HB276
Check Cashing Service Licensure


summary

Introduced
01/20/2017
In Committee
02/16/2017
Crossed Over
01/28/2017
Passed
02/17/2017
Dead
Signed/Enacted/Adopted
02/17/2017

Introduced Session

2017 Regular Session

Bill Summary

AN ACT RELATING TO FINANCIAL INSTITUTIONS; INCREASING THE THRESHOLD AMOUNT OF REVENUE EARNED FROM CHECK CASHING SERVICES THAT REQUIRES A PERSON TO BE LICENSED PURSUANT TO THE UNIFORM MONEY SERVICES ACT; DECREASING APPLICATION AND LICENSURE FEES.

AI Summary

This bill increases the revenue threshold from $2,500 to an unspecified amount that requires a person to be licensed under the Uniform Money Services Act to engage in check cashing services. Additionally, the bill decreases the application and licensure fees for such services.

Committee Categories

Business and Industry, Military Affairs and Security, Transportation and Infrastructure

Sponsors (4)

Last Action

[LD 32] Signed by the Governor - Chapter 104 (on 02/17/2017)

bill text


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