Mass. Gen. Laws ch. 169A, § 2
License; rules and regulations
Massachusetts · Massachusetts General Laws Chapter 169A — Licensing of Check Cashers · Status: effective
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- Mass. Gen. Laws ch. 169A, § 2, License; rules and regulations, Massachusetts, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1556887
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Full text
Section 2. No person or entity shall engage in cashing checks, drafts or money orders for a consideration in excess of one dollar per item without first obtaining a license from the commissioner. Nothing in this chapter shall be construed to apply to a bank, as defined in section one of chapter one hundred and sixty-seven, a national banking association, a federally chartered credit union, a federal savings and loan association or a federal savings bank. The commissioner shall establish rules and regulations, which may include an adequate capitalization requirement, for each place of business or mobile unit of a licensee to aid in the administration and enforcement of this chapter.