Maryland Statutes
Subtitle 1 - Check Cashing Services
Section 12-120 - Maximum Fees; Membership Fee

(a)    Except as provided in § 15-802(b) of the Commercial Law Article and subsection (b) of this section, a licensee may not charge any other fee, including late fees or other service fees, for accepting or cashing a payment instrument in excess of the greater of:
        (1)    2% of the face amount of the payment instrument or $3, if the payment instrument is issued by the federal government or a state or local government;
        (2)    10% of the face amount of a payment instrument or $5, if the payment instrument is a personal check; or
        (3)    4% of the face amount of the payment instrument or $5, for any other payment instrument.
    (b)    A licensee may charge a customer a one-time membership fee not to exceed $5.

Structure Maryland Statutes

Maryland Statutes

Financial Institutions

Title 12 - Miscellaneous Institutions and Activities

Subtitle 1 - Check Cashing Services

Section 12-101 - Definitions

Section 12-102 - Applicability of Subtitle -- in General

Section 12-103 - Applicability of Subtitle -- Exempt Entities

Section 12-104 - Regulations

Section 12-104.1 - Credit of Revenue From Licensing and Payment of Fines and Penalties Into Various Funds

Section 12-105 - Licensing -- in General

Section 12-105.1 - Check Cashing Services by Annually Registered Business -- Requirements

Section 12-106 - Licensing -- Qualifications

Section 12-107 - Licensing -- Fingerprints; Criminal History Records Check

Section 12-107.1 - Confidentiality of Information

Section 12-108 - Licensing -- Applications

Section 12-109 - Licensing -- Application Investigation; Approval or Denial

Section 12-110 - Licensing -- Contents and Scope; More Than One License

Section 12-110.1 - Surrender of License

Section 12-111 - Licensing -- Term, Expiration, and Renewal

Section 12-112 - Licensing -- Transfer and Display

Section 12-113 - Change of Location

Section 12-114 - Books and Records -- Retention

Section 12-115 - Books and Records -- Investigation of Records

Section 12-116 - Endorsement of Payment Instrument

Section 12-117 - Compliance With Federal and State Laws

Section 12-118 - Posting of Fees

Section 12-119 - Payment of Instrument; Forms of Customer Identification

Section 12-120 - Maximum Fees; Membership Fee

Section 12-121 - Cease and Desist Orders

Section 12-122 - Suspension and Revocation of License

Section 12-123 - Notice and Hearing Requirements

Section 12-124 - Report of Alleged Criminal Violation

Section 12-125 - Criminal Penalties

Section 12-126 - Civil Penalties

Section 12-127 - Action for Damages or Injunctive Relief; Award Amounts