Test Drive Our New Site! We have some improvements in the works that we're excited for you to experience. Click here to try our new, faster, mobile friendly beta site. We will be maintaining our current version of the site thru the end of 2024, so you can switch back as our improvements continue.
Legislation Quick Search
04/19/2024 05:35 AM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20130&cosponId=10363
Share:
Home / House Co-Sponsorship Memoranda

House Co-Sponsorship Memoranda

Subscribe to PaLegis Notifications
NEW!

Subscribe to receive notifications of new Co-Sponsorship Memos circulated

By Member | By Date | Keyword Search


House of Representatives
Session of 2013 - 2014 Regular Session

MEMORANDUM

Posted: December 28, 2012 10:21 AM
From: Representative Dan Moul
To: All House members
Subject: Check Cashing Fees – Former 1181
 

In the near future, I will be reintroducing legislation that aims to end the predatory practice of charging a fee to cash checks currently in place at many financial institutions. As you may know, some financial institutions throughout the Commonwealth currently charge a fee to non-account holders for cashing checks, even when they are the issuers of the check. Unfortunately, the individuals being assessed this fee are often the elderly and those who are least able to afford such a charge. As someone who has worked on behalf of the underprivileged for several years, I find this practice rapacious, immoral, and unethical and one that must be stopped.

This bill amends the Uniform Commercial Code (the code which establishes the legal principles under which businesses are to interact) to prohibit the imposition of a charge or fee as a condition of acceptance if that fee reduces the effective face value of the negotiable instrument (check). In other words, this would not prohibit the financial institution from imposing a fee; it would prohibit the imposition of the fee on the person to whom the check is made out.

DM/ssb



Introduced as HB313