Check cashing fees

(a) No check cashing service licensed under Section 36a-581 of the Connecticut General Statutes shall charge or collect in fees, charges or otherwise for cashing a check, draft or money order drawn on a depository institution, a sum exceeding two percent of the item. (b) Each licensee shall give to the individual cashing a check, draft or money order a receipt which shall, at minimum, include the following: (1) Date on which the check, draft or money order is cashed; (2) Name of the payee of the check, draft or money order; (3) Face amount of the check, draft or money order; and (4) The fee collected for cashing the check, draft or money order.