N.J. Admin. Code § 3:24-5.1

Current through Register Vol. 56, No. 21, November 4, 2024

Section 3:24-5.1 - Check cashing procedure

(a) In addition to the requirements of N.J.S.A. 17:15A-44c, e and j, each licensee shall:

1. Pay to each customer tendering a check, draft or money order to be cashed, the entire face amount of the instrument in cash less any charges permitted by law, on the same date upon which the instrument is presented;

2. Indicate on each check, draft or money order cashed at the time of cashing, the date on which the item was cashed; and

3. Give each person presenting a check, draft or money order for cashing upon completion of each transaction an itemized receipt indicating the name of the check casher, the teller number indicating which teller completed the transaction, the amount of the check cashed, the amount of the fee charged to cash the check and the amount of cash given to the person cashing the check.

N.J. Admin. Code § 3:24-5.1

Amended by R.2000 d.177, effective 5/1/2000.
See: 32 New Jersey Register 344(a), 32 New Jersey Register 1513(b).