· NY legislature · 2025-2026

Increases penalties for individuals or companies who engage in the business of cashing checks, drafts or money orders for consideration without a license

Increases penalties for individuals or companies who engage in the business of cashing checks, drafts or money orders for consideration without a license; makes such violation a class E felony; provides for a fine of $2,500 for each transaction.

Sponsor

Joe Griffo (R-NY)

Introduced

2025-03-19

Latest action

REFERRED TO BANKS