CHECK CASHERS REGISTRATION
Summary
Repeals the Check Cashing Act and creates the Check Cashers Act. Contains a statement of purpose. Defines "merchant" as a person, firm, association, partnership, or corporation primarily engaged in the business of selling tangible personal property at retail, and defines other terms. Provides that a merchant may engage in the check cashing business for a fee only if it is incidental to the merchant's main business. Contains provisions concerning applicability, permitted fees, proceeds, deposits, reporting requirements, forged checks, records, enforcement and remedies, judicial review, and waivers. Provides that the Department may make and enforce such reasonable rules, regulations, directions, orders, decisions, and findings as the execution and enforcement of the Act require. Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that any person who knowingly violates the Check Cashers Act commits an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Makes conforming changes in the Payday Loan Reform Act. Contains a severability provision. Effective 180 days after becoming law.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2012
Committee Review
Floor Vote
Governor
Introduced Feb 10, 2012
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
17
Key actions
3
Committee
6
Amendments
2
May 2, 2012
Committee
Re-referred to Assignments
upper
Mar 8, 2012
Upper · Passed
Do Pass as Amended Financial Institutions; 008-004-000
upper
Mar 8, 2012
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Mar 6, 2012
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
upper
Mar 1, 2012
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Mar 1, 2012
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Emil Jones, III
upper
Feb 24, 2012
Committee
Assigned to Financial Institutions
upper
Feb 10, 2012
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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