Rhode Island General Laws/Title 19/Chapter 19-14.4/Section 19-14.4-4

R.I. Gen. Laws § 19-14.4-4. Fees for services. [Effective until January 1, 2027.]

No licensee shall:

(1) Charge check-cashing fees in excess of three percent (3%) of the face amount of the check, or five dollars ($5.00), whichever is greater, if the check is the payment of any kind of state public assistance or federal social security benefit;

(2) Charge check-cashing fees for personal checks in excess of ten percent (10%) of the face amount of the personal check or five dollars ($5.00), whichever is greater;

(3) Charge check-cashing fees in excess of five percent (5%) of the face amount of the check or five dollars ($5.00), whichever is greater, for all other checks; or

(4) Charge deferred deposit transaction fees in excess of ten percent (10%) of the amount of funds advanced.

History

P.L. 1995, ch. 82, § 56; P.L. 2001, ch. 371, § 3; P.L. 2005, ch. 230, § 1; P.L. 2005, ch. 235, § 1; P.L. 2010, ch. 204, § 1.

§ 19-14.4-4. Fees for services. [Effective January 1, 2027.]

No licensee shall:

(1) Charge check-cashing fees in excess of three percent (3%) of the face amount of the check, or five dollars ($5.00), whichever is greater, if the check is the payment of any kind of state public assistance or federal social security benefit;

(2) Charge check-cashing fees for personal checks in excess of ten percent (10%) of the face amount of the personal check or five dollars ($5.00), whichever is greater; or

(3) Charge check-cashing fees in excess of five percent (5%) of the face amount of the check or five dollars ($5.00), whichever is greater, for all other checks.

(4) [Deleted by P.L. 2025, ch. 373, § 4 and P.L. 2025, ch. 391, § 4.]

P.L. 1995, ch. 82, § 56; P.L. 2001, ch. 371, § 3; P.L. 2005, ch. 230, § 1; P.L. 2005, ch. 235, § 1; P.L. 2010, ch. 204, § 1; P.L. 2025, ch. 373, § 4, effective January 1, 2027; P.L. 2025, ch. 391, § 4, effective January 1, 2027.

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