§ 12–120
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 12-120 (2026)
Title 12. Miscellaneous Institutions and Activities
Subtitle 1. Check Cashing Services
§ 12–120LinkCopy Citation
(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.