6.2-2105 - (Effective October 1, 2010) Fees posted; endorsement of items cashed.
§ 6.2-2105. (Effective October 1, 2010) Fees posted; endorsement of itemscashed.
A. A registrant shall conspicuously post and at all times display, in everylocation at which it conducts the business of a check casher, a noticestating the fees charged for cashing items. A registrant shall further filewith the Commissioner a statement of the fees currently charged at every suchlocation.
B. Items cashed by registrants shall be deposited or presented for payment bythe second business day from the date the item is cashed for the customer. Aregistrant shall endorse every item presented by the registrant for paymentin the actual name under which the registrant is doing business.
C. A registrant shall post in every location at which it conducts thebusiness of a check casher the Commission's toll-free telephone number andinformation on how to file a complaint pursuant to regulations adopted by theCommission.
D. A registrant shall provide each customer cashing an item with a receiptshowing the name or trade name of the registrant, the transaction date, theamount of the check, the fee charged, and the cash given.
(1995, c. 221, § 6.1-437; 2010, c. 794.)