2011 Kentucky Revised Statutes Subtitle 9. Deferred Deposit Service Business and Check Cashing 286.9.030 Exemptions from applicability of this subtitle.
KY Rev Stat § 286.9.030 (1996 through Reg Sess) What's This?
286.9-030 Exemptions from applicability of this subtitle.
The provisions of this subtitle shall not apply to:
(1) Any bank, trust company, savings and loan association, savings bank, credit union,
consumer loan company, or industrial loan corporation which is chartered, licensed,
or organized under the laws of this Commonwealth or under federal law and
authorized to do business in this Commonwealth;
(2) Any person who cashes checks without receiving, directly or indirectly, any
consideration or fee therefor;
(3) Any person principally engaged in the retail sale of goods or services who, either as
an incident to or independently of a retail sale, may from time to time cash checks
for a fee or other consideration;
(4) The United States and any department, agency, or instrumentality thereof; and
(5) A state or any agency, department, or political subdivision of a state.
Effective: January 1, 2010
History: Amended 2009 Ky. Acts ch. 98, sec. 21, effective January 1, 2010. -Amended 1998 Ky. Acts ch. 601, sec. 3, effective April 14, 1998. -- Created 1992
Ky. Acts ch. 213, sec. 3, effective July 14, 1992; and ch. 341, sec. 3, effective July
14, 1992.
Formerly codified as KRS 368.030.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts
ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the
Kentucky Financial Services Code, KRS Chapter 286, and KRS references within
this statute have been adjusted to conform with the 2006 renumbering of that code.
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