Section 7-1-706. Check-cashing fees; limitation of fees

   (a) No licensed casher of checks shall:

   (1) Charge check-cashing fees, except as otherwise provided in this Code section, in excess of 5 percent of the face amount of the check or draft or $5.00, whichever is greater;

   (2) Charge check-cashing fees in excess of 3 percent of the face amount of the check or draft or $5.00, whichever is greater, if such check or draft is the payment of any kind of state public assistance or federal social security benefit payable to the bearer of such check or draft; or

   (3) Charge check-cashing fees for personal checks or money orders in excess of 10 percent of the face amount of the personal check or money order or $5.00, whichever is greater.

(b) No registered casher of checks shall charge check-cashing fees, except as otherwise provided in this Code section, in excess of 2 percent of the face amount of the check or draft or $2.00, whichever is greater.

Code 1981, § 7-1-706, enacted by Ga. L. 1990, p. 739, § 1; Ga. L. 2007, p. 502, § 30/SB 70.