Disclosure of Fees and Rates

Disclosure of Fees and Rates. Pursuant to §75-67-515(4) Miss. Code Ann., a Licensee shall display a sign disclosing the maximum fees allowed to be charged for cashing checks. The sign must be at least 20”x 20” and the print must be large and bold in order to allow customers to easily read the information. Such sign must be displayed in a conspicuous place and in easy view of all persons who enter the place of business. The following is an example of the required sign: The following is a list of maximum fees allowable for services that may be offered at this check cashing business: 1. Government checks: 3% of the face amount of the check or five dollars ($5.00), whichever is greater 2. Personal checks: 10% of the face amount of the check or five dollars ($5.00), whichever is greater 3. All other checks or money orders: 5% of the face amount of the check or five dollars ($5.00), whichever is greater 4. Delayed deposit transaction: $20.00 per $100.00 advanced for checks $250.00 and under $21.95 per $100.00 advanced for checks over $250.00 Amount Advanced Fee Face Amount of Check $100.00 $20.00 $120.00 $200.00 $40.00 $240.00 $300.00 $65.85 $365.85 $400.00 $87.80 $487.80 Mississippi law prohibits this check cashing business from accepting a fee to renew or extend any delayed deposit transaction. Therefore, a delayed deposit check must be deposited or the check face value paid in full prior to entering into another delayed deposit transaction. This check cashing business is licensed and regulated by the Mississippi Department of Banking and Consumer Finance. If you have any unresolved problem with a transaction at this location, you are entitled to assistance. Please call or write: Mississippi Department of Banking and Consumer Finance, P.O. Drawer 23729, Jackson, MS 39225-3729; Phone 1-800-844-2499. Any of the above information that is not currently posted may be posted on a separate sign using the dimensions described above. Licensee is only required to post fees for the type of services offered.