2010 Code of Virginia
Title 6.2 - FINANCIAL INSTITUTIONS AND SERVICES.
Chapter 21 - Check Cashers (6.2-2100 thru 6.2-2111)
6.2-2102 - (Effective October 1, 2010) Exempt persons.
§ 6.2-2102. (Effective October 1, 2010) Exempt persons.
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.)
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