BILL · 2015–16 SESSION

SB 5612: Check cashing fees

Restricting check cashing fees.

Summary

  • When a check is presented for payment at the financial institution who maintains the account the check is drawn on, the financial institution must cash the check at face value and may not charge the payee a fee for payment. This requirement does not prohibit a bank from requiring reasonable verification of the payee's identify before payment.

From the Senate Bill Report (Orig.) (SB 5612), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 26, 2015
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Don Benton (R-17)
Introduced
January 26, 2015 in the Senate
Last action
March 10, 2016

AN ACT Relating to check cashing fees;

Sponsors

Prime sponsor: Don Benton (R-17)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. First reading, referred to Financial Institutions & Insurance.

SB 5612 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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