HCS HB 921 -- STATE PAYROLL CHECKS

SPONSOR:  Smith (Curls)

COMMITTEE ACTION:  Voted "do pass" by the Committee on Civil and
Administrative Law by a vote of 12 to 1.

This substitute requires banks, savings and loans, and credit
unions to cash state payroll checks, whether or not the employee
has an account there.  When the employee does not have an
account, the institution may charge a check cashing fee of up to
$5.  Institutions that violate the provisions of the substitute
would be subject to administrative penalties of up to $5,000 per
violation.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that some state employees do not
make enough money to maintain a bank account.  Some banks do not
cash payroll checks unless the person has an account with that
bank.  It is unfair to make people go to a check cashing place
to cash their paychecks.

Testifying for the bill was Representative Curls.

OPPONENTS:  There was no opposition voiced to the committee.

Richard Smreker, Senior Legislative Analyst

Missouri House of Representatives
Last Updated November 26, 2001 at 11:46 am