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Memorandum to Honorable Mayor and Councilmembers <br />February 26, 2008 <br />Page 2 <br />• "post a list of valid identification which is acceptable" to qualify for the lower, 3% <br />maximum fee (a "California driver's license, a California identification card, or a valid <br />United States military identification card"); <br />• if the check casher provides its own identification card, it can charge a "fee of no more <br />than ten dollars ($10) to set up an initial account" and issue this card; <br />• "post a complete, detailed, and unambiguous schedule of all fees" for cashing checks, <br />issuing money orders, and issuing its own identification card; <br />• make these postings "clear, legible, and in letters not less than one-half inch in height. <br />The information shall be posted in a conspicuous location in the unobstructed view of the <br />public"; <br />• obtain from the California Department of Justice an annual permit to operate as check <br />casher, which includes fingerprinting; the permit must be denied if the "applicant has a <br />felony conviction involving dishonesty, fraud, or deceit, if the crime is substantially <br />related to the qualifications, functions, or duties of a person engaged in the business of <br />check cashing." The Department of Justice has issued six pages of regulations covering <br />the issuance, denial and revocation of check casher permits (11 California Code of <br />Regulations section 990 et seq. ); and <br />prohibits the check casher to ask his customers to waive any of the protections of State <br />law by providing that any attempt to waive these protections is against public policy, void <br />and unenforceable. <br />75A-24 <br />