Section 9-T. Unsolicited mail-loan checks

1. For purposes of this section,
  the following terms shall have the following meanings:
    (a) "lending institution" shall mean a licensed lender or a  state  or
  federally  chartered bank, trust company, savings bank, savings and loan
  association or credit union.
    (b) "mail-loan check" shall mean a check, made out to and mailed to  a
  person by a lending institution, which, when cashed or deposited by such
  person,  obligates  such person to repay to such lending institution the
  amount of the proceeds of such check according to terms mailed  to  such
  recipient with such check.
    2. Any lending institution which issues mail-loan checks shall:
    (a)  include  on  the  face  of  each check issued to a non-customer a
  written  statement,  in  legible  type  reading  "ONE  FORM   OF   VALID
  PHOTOGRAPHIC  ID NEEDED TO CASH OR DEPOSIT"; provided, however, that any
  entity cashing or accepting a mail-loan check for  deposit  may  require
  more than one form of identification;
    (b)  make  no  reference  on  the outside of the envelope containing a
  mail-loan check that indicates that a  check  is  enclosed  within  such
  envelope;
    (c) provide that all mail-loan checks shall be non-transferable; and
    (d)  include  an  expiration  date  of not more than six months on the
  mail-loan check.
    3. Any lending institution which mails a mail-loan check in  violation
  of  the  provisions  of this section shall be liable for a civil penalty
  not to exceed five hundred dollars for each such violation.