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December 21, 2024 Clear | 16°F
The 193rd General Court of the Commonwealth of Massachusetts

Section 6C: Traveler's checks and other written instruments; records; penalty

Section 6C. (a) Any person that sells in the commonwealth certified checks, drafts, cashier's checks, treasurer's checks, registered checks, traveler's checks, money orders, or other similar written instruments on which such person is directly liable, or that provides such certified checks, drafts, cashier's checks, treasurer's checks, registered checks, traveler's checks, money orders, or similar written instruments to others, for sale in the commonwealth shall maintain a record indicating those traveler's checks, money orders, or similar written instruments that are purchased from it in the commonwealth.

(b) The records required by this section must be retained for a period of five years from the date the report is filed.

(c) Any person that willfully fails to comply with this section shall be liable to the commonwealth for a civil penalty of five hundred dollars for each day of failure to comply, which penalty may be recovered in an action brought by the treasurer.