N.J. Admin. Code § 3:24-4.2

Current through Register Vol. 56, No. 16, August 19, 2024

Section 3:24-4.2 - Posting of fees; signs

(a) The licensee shall post and at all times display in a conspicuous place on the premises the license and also the schedule of fees to be charged, which fees shall not exceed the maximums permitted pursuant to 3:24-4.1. The Department shall determine the number of signs which shall be posted and shall designate those areas in the check cashing facility where these signs will be displayed, depending upon the size of the office and its physical layout. These signs shall be in both the English language and Spanish language except where the Department deems it necessary that a different or additional language be used.

(b) Each sign shall be printed on heavy cardboard or other durable material, with printed information in a minimum of 22 point type with appropriate headings of at least 24 point bold type. These signs shall read as follows:

STATE LICENSED CHECK CASHER MAXIMUM
AND MINIMUM FEES YOU CAN BE CHARGED
2.21% OF YOUR CHECK
Example:
New Jersey check	$ 300.00
Maximum fee	6.63	2.21%
Cash to you	$ 293.37
The minimum fee is $ 1.00.

CHECKS PAYABLE TO PERSON UNDER
TEMPORARY ASSISTANCE FOR NEEDY
FAMILIES (TANF) 1% OF YOUR CHECK
Example:
TANF check	$ 300.00
Maximum fee	3.00	1%
Cash to you	$ 297.00
The minimum fee is $ .90.

SUPPLEMENTAL SECURITY INCOME CHECKS
(Sub XVI) 1 1/2% OF YOUR CHECK
Example:
SSI check	$ 300.00
Maximum fee	4.50	1 1/2 %
Cash to you	$ 295.50
The minimum fee is $ .90.

SOCIAL SECURITY
OLD AGE AND SURVIVORS CHECKS
(Sub II) 1 1/2 % OF YOUR CHECK
Example:
SS check	$ 300.00
Maximum fee	4.50	1 1/2 %
Cash to you	$ 295.50
The minimum fee is $ .90.

N.J. Admin. Code § 3:24-4.2

Amended by R.2000 d.177, effective 5/1/2000.
See: 32 N.J.R. 344(a), 32 N.J.R. 1513(b).
In (a), inserted ", which fees shall not exceed the maximums permitted pursuant to N.J.S.A. 17:15A-43" at the end of the first sentence; and in (b), added a sign relating to Social Security Old Age and Survivors checks.
Amended by R.2010 d.140, effective 7/6/2010.
See: 41 N.J.R. 4583(a), 42 N.J.R. 1355(a).
In (a), substituted " N.J.A.C. 3:24-4.1" for " N.J.S.A. 17:15A-43"; in the first table under (b), in the heading, inserted "AND MINIMUM" and substituted "2.21" for "2", and in the table, substituted "6.63" for "6.00", "2.21" for "2" and "$ 293.37" for "$ 294.00" and inserted "The minimum fee is $ 1.00"; in the next three tables, inserted "The minimum fee is $.90."; in the heading of the second table, substituted "TEMPORARY ASSISTANCE FOR NEEDY FAMILIES (TANF)" for "AID TO FAMILIES WITH DEPENDENT CHILDREN (AFDC)", and in the second table, substituted "TANF" for "AFDC".