Public Chapter 35

HOUSE BILL NO. 316

By Representatives Rhinehart, Chumney, Ulysses Jones, Kent, Bowers

Substituted for: Senate Bill No. 219

By Senator Cohen

AN ACT to amend Tennessee Code Annotated, Section 57-3-404(e), to authorize licensed retailers of alcoholic beverages to engage in the practice of cashing checks for a fee as an ancillary part of the business of selling alcoholic beverages.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:

SECTION 1. Tennessee Code Annotated, Section 57-3-404(e), is amended by adding the following language:

Nothing herein shall prohibit a licensee from cashing a check and other negotiable instrument, for a fee, when such service is made available only to a person over the age of twenty-one (21) years of age, and when such service is conducted only on the premises of the licensee.

Provided, however, no fee greater than three percent (3%) of the check shall be charged by any licensee or employee thereof. Provided, further, no postdated check may be cashed by a licensee or an employee thereof under the provisions of this section or any other law.

Provided, further, that any establishment assessing the charge above, may not require a purchse of alcohol or products relating to alcohol as a condition for cashing a check.

SECTION 2. This act shall take effect upon becoming a law, the public welfare requiring it.