HOUSE DOCKET, NO. 2985        FILED ON: 1/14/2009

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 296

The Commonwealth of Massachusetts

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In the Year Two Thousand Nine

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An Act relative to check cashing fees ..

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Chapter 167 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by inserting after section 48, the following:-

Section 49.  Every bank doing business in the commonwealth, which for the purposes of this section shall include any bank as defined in section one and shall include any national bank, national banking association, federal savings bank, federal savings and loan association, and federal credit union, shall be prohibited from charging any fee to a consumer for the purposes of cashing or processing a check that has been drawn on said bank. Each individual violation shall be subject to a fine not to exceed $100.