209 CMR, § 45.08

Current through Register 1531, September 27, 2024

Section 45.08 - Transaction Receipts for Check Cashers

A licensed check casher shall provide each person cashing a check, draft, or money order with a receipt of each transaction stating thereon:

(1) the name, license type, and number of the licensee;

(2) the amount of each check, draft, or money order to be cashed, which may be aggregated if the fee for each transaction is the same;

(3) the fee charged for each check, draft, or money order;

(4) the total amount received by the customer for each check, draft, or money order cashed;

(5) the date of the transaction; and

(6) the following statement:

If you have experienced any problems or difficulties with your transaction(s), please contact [Licensee's complaint contact info]. If they are unable to assist you, or you would like to file a consumer complaint against the licensee, please contact the Massachusetts Division of Banks Consumer Assistance Unit at 617-956-1500 ext 501, or visit the Division of Banks website at www.mass.gov/dob.

209 CMR, § 45.08

Amended by Mass Register Issue 1321, eff. 9/9/2016.

Amended by Mass Register Issue 1408, eff. 1/10/2020.