Arizona Laws 44-1362. Check cashing; receipts; notices; government payment instruments; enforcement
A. A check casher may charge a fee for cashing a payment instrument, and the check casher shall give a receipt to the customer for each transaction.
Terms Used In Arizona Laws 44-1362
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Check casher: means any person who engages in the business of cashing payment instruments more than ten times in any calendar year and who receives compensation of at least five hundred dollars during any thirty day period for cashing payment instruments. See Arizona Laws 44-1361
- Payment instrument: means any check, draft, money order, traveler's check in record form, stored value instrument or other instrument for the transmission or payment of money, whether negotiable, and in record form. See Arizona Laws 44-1361
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
B. A check casher shall display in a conspicuous location in the check casher’s principal place of business and each branch office a complete and legible notice that is in English and Spanish and that includes both of the following:
1. A schedule of all fees for both of the following:
(a) Cashing each type of payment instrument.
(b) Issuing an identification card.
2. A list of any identification that is acceptable in lieu of the identification card provided by the check casher.
C. A check casher shall not charge a fee that is more than three per cent of the face amount of the payment instrument or five dollars, whichever is more, for cashing any payment instrument issued by an agency of the United States or of this state or any political subdivision of the United States or of this state.
D. A check casher operating within the office of a labor pool, or the owner or operator of a labor pool, shall not charge a day laborer for cashing a check that is issued by the labor pool.
E. Any act or practice in violation of this article is an unlawful act or practice under section 44-1522. The attorney general may investigate and take appropriate action as prescribed in chapter 10, article 7 of this title.