This chapter shall not apply to:
1. Any person who:
a. Does not hold itself out to be a check cashing service;
b. Is principally engaged in the bona fide retail sale of goods or services;
c. Either as an incident to or independently of such a retail sale from time to time cashes items; and
d. Charges a fee or other consideration for the service that does not exceed the greater of $2 or two percent of the amount of the item; or
2. Any person authorized to engage in business as a bank, savings institution, or credit union under the laws of the United States or any state.
1995, c. 221, § 6.1-434; 2010, c. 794.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
§ 6.2-2101. Registration requirement; offices
§ 6.2-2103. Registration fees; reports
§ 6.2-2105. Fees posted; endorsement of items cashed
§ 6.2-2107. Prohibited practices
§ 6.2-2107.1. Recordkeeping requirements
§ 6.2-2108. Civil penalties; civil action
§ 6.2-2109. Criminal penalties