summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to the honoring and cashing of checks. Financial Services.
AI Summary
This bill amends Chapter 167 of the General Laws to require banks doing business in the Commonwealth, except for internet banks and national banks, to honor and cash checks drawn on the bank, up to $2,500, presented by any person, regardless of whether they have an account at the bank, and without charging a fee. The bill sets out three conditions that must be met: the person providing adequate identification, the bank having no reason to suspect the check is forged, and the check amount not exceeding $2,500. Failure to comply with these provisions would result in a fine of up to $500 per violation.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see S2496 (on 04/30/2018)
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/190/S521 |
| Bill | https://malegislature.gov/Bills/190/S521.pdf |
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