MA H2819

Bill

Creating a maximum allowable check-cashing rate

Introduced
01/23/2017

In Committee
07/20/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th 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 create a maximum allowable check-cashing rate in Massachusetts. It amends the state's laws to limit the fees that licensed check-cashers can charge for exchanging various types of checks, including government, payroll, and personal checks. The bill sets specific percentage-based and flat-rate fee caps, and also limits the initial account setup fee that can be charged. Additionally, the bill increases the maximum fine for violating the check-cashing regulations from $500 to $1,000.

Committee Categories

Labor and Employment

Sponsors (19)

Kay Khan (D)*, Brian Ashe (D), Mike Connolly (D), Daniel Cullinane (D), Marjorie Decker (D), Michelle DuBois (D), Jamie Eldridge (D), Tricia Farley-Bouvier (D), Ken Gordon (D), Jonathan Hecht (D), Dan Hunt (D), Mary Keefe (D), Mike Moore (D), Denise Provost (D), Byron Rushing (D), Danny Ryan (D), Angelo Scaccia (D), Frank Smizik (D), Chris Walsh (D),

Last Action

No further action taken (on 01/01/2019)

Official Document

https://malegislature.gov/Bills/190/H2819

(12 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H2819
Bill	https://malegislature.gov/Bills/190/H2819.pdf

Bill	Bill Name	Last Action	Type
H1301	Relative to elevator inspection fee waiver for non-profits	No further action taken	Similar To
H1728	Relating to consumer protections in the sale and usage of propane gas	Accompanied a study order, see H4651	Similar To
H218	Relative to certificate of organization fees	Accompanied a study order, see H4584	Similar To
H4229	Removing fees for security freezes and disclosures of consumer credit reports	New draft substituted, see H4232	Similar To
H4241	Removing fees for security freezes and disclosures of consumer credit reports	Committee recommended ought to pass with an amendment, substituting therefor a new draft, see H4806	Similar To
H880	Regulating fees for the registration of attorneys	Accompanied a study order, see H4874	Similar To
H925	Authorizing sheriffs to impose fees	Accompanied a study order, see H4874	Similar To
H979	Relative to the modification of late fees	Accompanied a study order, see H4874	Similar To
S1338	Relative to equitable firearm license fees	Accompanied a study order, see S2292	Similar To
S147	Relative to check cashing fees	Hearing scheduled for 10/17/2017 from 01:00 PM-04:00 PM in B-2	Similar To
S1703	Reducing the costs for small businesses	Accompanied a study order, see H4481	Similar To
S2337	Ensuring access to state IDs for low-income people	Accompanied a study order, see S2436	Similar To

Bill > H2819

MA H2819

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (19)

Last Action

Official Document

bill text

bill summary

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