Maximum Check Cashing Fees

(Transferred from § 36-569)

1. (a) No check cashing service licensed under Section 36a-581 of the Connecticut General Statutes shall charge or collect in fees, charges or otherwise for cashing a check, draft or money order drawn on a depository institution, a sum exceeding two percent of the item.

2. (b) Each licensee shall give to the individual cashing a check, draft or money order a receipt which shall, at minimum, include the following:

   1. (1) Date on which the check, draft or money order is cashed;
   2. (2) Name of the payee of the check, draft or money order;
   3. (3) Face amount of the check, draft or money order; and(4) The fee collected for cashing the check, draft or money order.

(Effective May 17, 1990; TransferredApril 24, 1995)