# Financial Institutions (GFI)

## Title 12. Miscellaneous Institutions and Activities

### Subtitle 1. Check Cashing Services

#### Section 12-120

(a) Except as provided in Sec. 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.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)