Bill Text - HB1502 (2010)

Relative to costs associated with cashing payroll checks.


Revision: Dec. 10, 2009, midnight

HB 1502 – AS INTRODUCED

2010 SESSION

10-2561

06/05

HOUSE BILL 1502

AN ACT relative to costs associated with cashing payroll checks.

SPONSORS: Rep. R. Holden, Hills 7

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill requires an employer to instruct a financial institution that charges a fee for cashing a payroll check drawn on that institution to charge such fee to the employer’s account.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

10-2561

06/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Ten

AN ACT relative to costs associated with cashing payroll checks.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Payment of Wages; Check Cashing Fee. Amend RSA 275:43, I(e) to read as follows:

(e) With checks on a financial institution convenient to the place of employment where suitable arrangements are made for the cashing of such checks by employees for the full amount of the wages due[; provided, however, that]. If any fee is imposed by a financial institution for cashing a payroll check drawn on that institution the employer shall instruct the financial institution to charge such amount to the employer’s account. If an employer elects to pay employees as specified in subparagraphs (b), (c), or (d), the employer shall offer employees the option of being paid as specified in subparagraph (e), and further provided that all wages in the nature of health and welfare fund or pension fund contributions required pursuant to a health and welfare fund trust agreement, pension fund trust agreement, collective bargaining agreement, or other agreement adopted for the benefit of employees and agreed to by the employer shall be paid by every such employer within 30 days of the date of demand for such payment, the payment to be made to the administrator or other designated official of the applicable health and welfare or pension trust fund.

2 Effective Date. This act shall take effect 60 days after its passage.

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