209 CMR, § 45.06 - Schedule of Fees for Check Cashers

(1) A licensed check casher shall complete and maintain a Check Cashing Fee Schedule in a format substantially similar to the model form set forth in 209 CMR 45.99: Appendix A.

(a) A licensed check casher may, at its discretion, employ any reasonable format and graphic design or add or delete columns as necessary in the model form Check Cashing Fee Schedule set forth in 209 CMR 45.99: Appendix A; and

(b) The Check Cashing Fee Schedule must clearly convey the required fee information.

(2) A licensed check casher shall post the current Check Cashing Fee Schedule in each of its places of business.

(a) All such postings shall be clear and conspicuous; and

(b) All such postings shall be within the immediate area in which the check, draft, or money order will be cashed.

(3) A licensed check casher shall provide in writing, without charge, a copy or copies of the Check Cashing Fee Schedule upon the request of any person, and such person shall be able to retain such copy or copies.

(4) A licensed check casher is encouraged to make best efforts to communicate the fees and charges which may be assessed for cashing a check, draft, or money order in languages which meet the needs of non-English speaking customers in the service area of the licensee. Efforts that comply with 209 CMR 45.00 include, but shall not be limited to:

(a) Using multi-lingual staff; and

(b) Providing copies of its fee schedule in languages other than English.

Notes

209 CMR, § 45.06

Amended by Mass Register Issue 1321, eff. 9/9/2016. Amended by Mass Register Issue 1324, eff. 9/9/2016.