2021 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
§ 6-1203 - Exemptions
6-1203. Exemptions
A. This chapter does not apply to:
1. The United States or any department or agency of the United States.
2. This state, including any political subdivision of this state.
B. This chapter does not apply to the following if engaged in the regular course of their respective businesses, except that article 2 of this chapter applies to:
1. A bank, financial institution holding company, credit union, savings and loan association or savings bank, whether organized under the laws of any state or the United States if the term " money transmitter" is used.
2. A person, to the extent that the person provides money transmitter services for an entity described in paragraph 1 of this subsection and if both of the following are met:
(a) The agency relationship between the person that is providing the money transmitter services and the entity described in paragraph 1 of this subsection is established through a written agreement.
(b) The entity described in paragraph 1 of this subsection remains responsible for providing the money transmitter services to its customers.
3. A person who engages in check cashing or foreign money exchange and engages in other activity regulated under this chapter only as an authorized delegate of a licensee acting within the scope of the contract between the authorized delegate and the licensee.
4. A person who is licensed pursuant to chapter 5, 6, 7 or 8 of this title, chapter 9, article 2 of this title or title 32, chapter 9.
