Selected Opinions of the Division of Banks related to check cashers and sellers

Through these opinions the Division of Banks (DOB) offers perspective on current issues and questions in the financial services industry.

Selected Opinions regarding check cashers

• Summary of Selected Opinion 00-050
  • Pay day loans by an out-of-state check casher - Q2 2000
• Summary of Selected Opinion 99-137
  • Agreement to delay presentment of customer's personal check - Q4 1999
• Summary of Selected Opinion 97-267
  • Licensing requirements for automated check cashing machines
• Summary of Selected Opinion 97-175
  • Check cashers' operations - Q3 1997
• Summary of Selected Opinion 97-101
  • Approval and licensing requirements for check cashing ATM's - Q3 1997

Selected Opinions regarding check sellers

• 2024
  • Opinion 24-003
    • Licensing requirements for payroll and employee benefit services, as described – November 19, 2024
• 2020
  • Opinion 020-006
    • Licensing requirements for a foreign transmittal agency to issue funds to consumers by paper check, as described  – February 16, 2021
  • Opinion 020-004
    • Licensing requirements for interactive games using distributed ledger technology – November 3, 2020
• Summary of Selected Opinions 97-261 (98-031)
  • License requirements for sale of electronic traveler's checks

Past opinions of the DOB

You can get copies of past opinions by submitting a Public Records Request to the DOB's Record Access Officer

The DOB's Regulations, found in the Code of Massachusetts Regulations (CMR - agency code number 209), are available through the State House Bookstore.