286.11-007 Exemptions.
This subtitle does not apply to:
(1) The United States or any department, agency, or instrumentality thereof;
(2) The United States Post Office or a contractor acting on behalf of the United States
Post Office;
(3) A state or any agency, department, or political subdivision of a state;
(4) A financial institution or its subsidiaries, affiliates, and service corporations, or any
office of an international banking corporation, branch of a foreign bank, or
corporation organized pursuant to the Bank Service Corporation Act, 12 U.S.C.
secs. 181 to 1867, or a corporation organized under the Edge Act, 12 U.S.C. secs.
611 to 633; or
(5) The provision of electronic transfer of government benefits for any federal, state, or
county governmental agency as defined in Federal Reserve Board Regulation E, by
a contractor for and on behalf of the United States or any department, agency, or
instrumentality thereof, or any state or any political subdivisions thereof.
Effective: April 24, 2006
History: Created 2006 Ky. Acts ch. 247, sec. 4, effective April 24, 2006.
Legislative Research Commission Note (7/12/2006). This section was created in 2006
Ky. Acts ch. 247 as a new section of KRS Chapter 366A. Sec. 38 of that same bill
also required that all sections of KRS Chapters 287, 288, 290, 291, 294, 366, 366A,
and 368 be renumbered as sections of a single KRS chapter entitled the "Kentucky
Financial Services Code." Therefore, the Statute Reviser, acting under KRS 7.136(1),
has codified this section as a new section of KRS Chapter 286.
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