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SENATE DOCKET, NO. 113         FILED ON: 1/11/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 133

 

The Commonwealth of Massachusetts

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PRESENTED BY:

Michael J. Rodrigues

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
              Court assembled:

              The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to check cashing fees.

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PETITION OF:

 

Name:

District/Address:

Michael J. Rodrigues

First Bristol and Plymouth

Cory Atkins

14th Middlesex


SENATE DOCKET, NO. 113        FILED ON: 1/11/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 133

By Mr. Rodrigues, a petition (accompanied by bill, Senate, No. 133) of Michael J. Rodrigues and Cory Atkins for legislation relative to check cashing fees.  Consumer Protection and Professional Licensure. 

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 126 OF 2011-2012.]


The Commonwealth of Massachusetts
 

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In the Year Two Thousand Thirteen

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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 2010 Official Edition, is hereby amended by inserting after section 48, the following:-

              Section 48A.  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. 

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