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Difference between revisions of "Miscellaneous Consumer Protection Legal Information (11:VIII)"
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Miscellaneous Consumer Protection Legal Information (11:VIII) (view source)
Revision as of 18:13, 14 August 2020
, 18:13, 14 August 2020→J. Cheque Cashing Fees for Government Issued Cheques
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== J. Cheque Cashing Fees for Government Issued Cheques == | == J. Cheque Cashing Fees for Government Issued Cheques == | ||
The BCPCA sets out a restriction on the amount allowed to be charged to a person in fees for cashing a government issued cheque, such as a cheque issued under the ''Employment and Assistance Act'' for income assistance (BPCPA s 112.13). Specifically, under the ''Government Cheque Cashing Fees Regulation'' BC Reg 127/2018 [GCCFR], a person may not charge a cheque cashing fee of more than $2 plus 1% of the value of the cheque up to a maximum of $10 total (GCCFR s 3). | The BCPCA sets out a restriction on the amount allowed to be charged to a person in fees for cashing a government-issued cheque, such as a cheque issued under the ''Employment and Assistance Act'' for income assistance (''BPCPA'' s 112.13). Specifically, under the ''Government Cheque Cashing Fees Regulation'' BC Reg 127/2018 [GCCFR], a person may not charge a cheque cashing fee of more than $2 plus 1% of the value of the cheque up to a maximum of $10 total (GCCFR s 3). | ||