(815 ILCS 315/2) (from Ch. 121 1/2, par. 1902)
Sec. 2.
A merchant may offer check cashing services, in the course of
such business and only as an incident thereto, and may charge fees
for each check cashed provided that the check cashing services are
incidental to the main business of the merchant. However, check cashing
services shall not include any transaction where a customer presents a
check for the exact amount of any purchase. The fees charged shall
not exceed the greater of $.50 or 1% of the face value of the check cashed.
No license shall be required as a condition for providing such
services. This Act does not affect the applicability of Sections 2 and 29
of "An Act in relation to the definition, licensing and regulation of
community currency exchanges and ambulatory currency exchanges, and the
operators and employees thereof, and to make an appropriation therefor, and
to provide penalties and remedies for the violation thereof", approved June
30, 1943, as amended, to any activity of a merchant which is not expressly
authorized by this Act.
(Source: P.A. 85-997.)
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