Section 503. Fees and charges.
(a) Allowable fees.--The licensee or any person subject to any provision of this act may collect the following fees for cashing a check:
(1) A sum not exceeding 1.5% of the face amount of a government check or 0.5% of the face amount of a government assistance check, provided the payee submits valid identification in the form of a driver's license, an identification card issued by the Department of Transportation or the equivalent.
(2) A sum not exceeding 3% of the face amount of a payroll check.
(3) A sum not exceeding 10% of the face amount of a personal check.
((a) amended June 17, 2016, P.L.339, No.45)
(b) New customer fee.--Notwithstanding anything in this section to the contrary, the licensee or any person subject to any provision of this act may charge an initial fee not to exceed $10 to a new customer to cover the cost of investigating the customer's credit.
(c) Receipt of transaction.--The licensee or any person subject to any provision of this act shall provide a receipt of the transaction.
(d) Other goods and services.--
(1) The licensee or any person subject to any provision of this act shall not require consumers to purchase other goods or services in order to cash a check.
(2) Nothing in this section shall prevent a licensee or any person subject to this act from offering additional goods and services.
(e) Definitions.--As used in this section, the following words and phrases shall have the meanings given to them in this subsection unless the context clearly indicates otherwise:
"Government assistance check." A check issued by the Federal Government or State government on a continuing periodic basis by a government agency for the payment to the recipient payee of Federal or State assistance, Social Security, workers' compensation, unemployment compensation, railroad retirement benefits, veterans benefits or housing assistance.
"Government check." A check issued by the Federal Government, State government or local government other than a government assistance check.
((e) amended June 17, 2016, P.L.339, No.45)
(503 amended Dec. 9, 2002, P.L.1546, No.200)