Andy Market Corporation Ordered to Cease Unlicensed Check Cashing

The Massachusetts Division of Banks has issued a Cease Directive to Andy Market Corporation, ordering it to immediately stop engaging in unlicensed check cashing activities. The directive, dated November 25, 2025, with Docket Number 2025-015, identifies Andy Market as having operated as a check casher without the required license, in violation of Massachusetts General Laws chapter 169A and 209 CMR 45.00 et seq. An examination revealed signage advertising check cashing services with a 2% fee and a $25 fee for returned checks, which the owner, Anderson M Lizardo Santana, admitted to not being aware were subject to licensing.

This enforcement action requires Andy Market Corporation to cease all unlicensed check cashing operations immediately. Failure to comply with this directive will likely result in further penalties and legal action from the Division of Banks. The company must also address any outstanding fees or penalties associated with its unlicensed activities. This case serves as a reminder to all entities engaged in financial services that proper licensing is mandatory, and operating without the necessary authorization can lead to significant legal and financial repercussions.