PRINTER'S NO. 1821
No. 1496 Session of 1997
INTRODUCED BY JAROLIN, TIGUE, READSHAW, JAMES, ROBINSON,
BELARDI, SERAFINI, HUTCHINSON, YOUNGBLOOD, ITKIN, PISTELLA,
STABACK AND TRELLO, MAY 14, 1997
REFERRED TO COMMITTEE ON COMMERCE AND ECONOMIC DEVELOPMENT,
MAY 14, 1997
AN ACT
1 Amending the act of November 30, 1965 (P.L.847, No.356),
2 entitled "An act relating to and regulating the business of
3 banking and the exercise by corporations of fiduciary powers;
4 affecting persons engaged in the business of banking and
5 corporations exercising fiduciary powers and affiliates of
6 such persons; affecting the shareholders of such persons and
7 the directors, trustees, officers, attorneys and employes of
8 such persons and of the affiliates of such persons; affecting
9 national banks located in the Commonwealth; affecting persons
10 dealing with persons engaged in the business of banking,
11 corporations exercising fiduciary powers and national banks;
12 conferring powers and imposing duties on the Banking Board,
13 on certain departments and officers of the Commonwealth and
14 on courts, prothonotaries, clerks and recorders of deeds;
15 providing penalties; and repealing certain acts and parts of
16 acts," requiring institutions to cash certain checks with
17 required identification with a limited fee.
18 The General Assembly of the Commonwealth of Pennsylvania
19 hereby enacts as follows:
20 Section 1. The act of November 30, 1965 (P.L.847, No.356),
21 known as the Banking Code of 1965, is amended by adding a
22 section to read:
23 Section 612. Check Cashing
24 (a) Every institution shall negotiate or cash any Federal or
1 Commonwealth check when presented proper identification as
2 established in subsection (b).
3 (b) For the purpose of this section, proper identification
4 shall be one of the following:
5 (i) a valid United States passport;
6 (ii) a valid Pennsylvania photo driver's license; or
7 (iii) a valid Pennsylvania photo identification issued
8 by the Department of Transportation.
9 (c) The fee for cashing a check as provided for in
10 subsection (a) shall not exceed one dollar ($1.00).
11 Section 2. This act shall take effect in 60 days.
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