Section 28-8-5-17 - Check cashing fee limitations(a) Except as otherwise provided in this chapter, a licensee may not charge check cashing fees in excess of: (1) the greater of ten dollars ($10) or ten percent (10%) of the face amount of a check, in the case of a personal check; or(2) the greater of five dollars ($5) or five percent (5%) of the face amount of a check, in the case of all other checks.(b) Except as provided in this chapter, a licensee or the licensee's agent may not accept multiple checks from a: (3) person's agent; drawn on the person's account with the intent that the licensee may collect multiple or increased fees for cashing the checks.
As added by P.L. 42-1993, SEC.86. Amended by P.L. 80-1998, SEC.23; P.L. 213-2007, SEC.88; P.L. 217-2007, SEC.86.