NY A02546

Renames "mobile units" to "limited stations" and expands the definition of financial services offered by licensed check cashers to include money transmission, bill payment services, prepaid debit cards, and mass transit fare cards.

Establishes a two-tier licensing system with "primary licenses" for original check-cashing businesses and "supplemental licenses" for branch locations, streamlining the application process for existing licensees seeking to open additional locations.

Increases the maximum check amount that can be cashed from $15,000 to $20,000, removes the three-tenths mile distance restriction for limited stations, and allows checks to be cashed without regard to imprinted dates as long as they are deposited within one business day.

Requires licensees to pay customers the full face amount of instruments tendered for cashing on the same date presented, less permitted charges, and clarifies digital advertising disclosure requirements.

Amends the criminal conviction standards for licensing denial to specify that only felony convictions or crimes constituting felonies in New York disqualify applicants, with provisions expiring June 30, 2024.