Indiana § 28-8-5-17 Check cashing fee limitations

Indiana Statutes

§ 28-8-5-17 — Check cashing fee limitations

Indiana·Art. 8 FINANCIAL SERVICES·Ch. 5 Cashing Checks

(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:

(1)person;

(2)person's spouse; or

(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.

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(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:
(1) person;
(2) person's spouse; or
(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.

Indiana § 28-8-5-17 (Check cashing fee limitations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.