Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-434 Exempt persons

§ 6.1-434. Exempt persons

This chapter shall not apply to any person not holding itself out to be a check cashing service, which is principally engaged in the bona fide retail sale of goods or services, who either as an incident to or independently of such retail sale or service, from time to time cashes items for a fee or other consideration, where not more than two dollars or two percent of the amount of the item, whichever is greater, is charged for the service, nor to any person authorized to engage in business as a bank, savings institution, or credit union under the laws of the United States, any state or territory of the United States, or the District of Columbia.

(1995, c. 221.)

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Last modified: April 2, 2009