§ 19-14.4-1. Exemptions from licensing. No license to cash checks shall be required of any: (1) Regulated institution, bank, or credit union organized under the laws of the United States, or subject to written notice with a designated Rhode Island agent for service of process in the form prescribed by the director, or the director’s […]
§ 19-14.4-10. Severability. If any provision of this chapter or the application of this chapter to any person or circumstances is held invalid or unconstitutional, the invalidity or unconstitutionality shall not affect other provisions or applications of this chapter that can be given effect without the invalid or unconstitutional provisions or application, and to this […]
§ 19-14.4-2. Public notice of application. (a) Upon the filing of any application in due form, accompanied by the required fee and documents, notice thereof shall be published in a newspaper of general circulation in this state. Each notice shall contain: (1) The name of the applicant; (2) The location of the proposed site; and […]
§ 19-14.4-3. Rules and regulations. (a) The director, or the director’s designee, is authorized, directed, and empowered to promulgate regulations that provide for the safety and security of customers of the licensee, and/or its employees, from robbery or other criminal activities to include, but not be limited to, bulletproof glass and steel partitions, except as […]
§ 19-14.4-4. Fees for services. 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 […]
§ 19-14.4-5. Posting of charges — Endorsement — Receipt. (a) In every location licensed pursuant to this chapter, there shall be at all times posted, in a conspicuous place within the licensed premises, a complete and unambiguous schedule of all fees for cashing checks, deferred deposit transactions expressed as both a dollar amount and an […]
§ 19-14.4-5.1. Customer checks — Deferred deposits. (a) A check casher may defer the deposit of a personal check written by a customer for a term of no less than thirteen (13) days, pursuant to the provisions of this section. The face amount of the check shall not exceed five hundred dollars ($500). (b) Each […]
§ 19-14.4-6. Securities in lieu of bonds. In lieu of the required surety bond or bonds, or of any portion as required by chapter 14, the applicant may deposit with the director, or the director’s designee, or with any financial institutions, credit unions, or national banks in this state that the applicant may designate and […]
§ 19-14.4-7. Dishonor of check — Procedure. Within five (5) business days after being advised by the payor institution that a check has been altered, forged, stolen, obtained through fraudulent or illegal means, negotiated without proper legal authority, or represents the proceeds of illegal activity, the licensee shall notify the police department in the city […]
§ 19-14.4-8. Food stamps — Distribution. Check-cashing licensees may engage in the distribution of food stamps in accordance with the regulations promulgated by the director, or the director’s designee. History of Section.P.L. 1995, ch. 82, § 56.
§ 19-14.4-9. Unlicensed check cashing businesses. The operation of any unlicensed check-cashing businesses, or the unlawful conduct or operation of any licensed check-cashing business, is declared to constitute unfair competition with licensed and legally operated check-cashing businesses doing business in the same community. A licensee operating legally under this chapter in the same community has […]
