New York policy
S6659: Increases penalties for individuals or companies who engage in the business of cashing checks, drafts or money orders for consideration without a license
NY Senate · Sponsor Joseph A. Griffo
- Jurisdiction
- New York State
- Applies to
- New York State (proposed)
- Effective
- January 7, 2026
What it requires
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.
ny-statesenatelegislationbill
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