Maximum Rate – Issuance of Money Orders

Section 130 Section 130.40  Maximum Rate – Issuance of Money Orders a)         The Maximum Rate.  The maximum rate to be charged by community and ambulatory currency exchanges for issuing any money order shall not exceed an amount equal to 1% of the face amount of the money order plus a service charge of $.75. b)         Prohibition.  No community or ambulatory currency exchange may charge a fee for issuing any money order in excess of the maximum rate set forth in subsection (a).