§ 31.45.020. Application of chapter
(1) This chapter does not apply to:
(a) Any financial institution or trust company authorized to do business in Washington;
(b) The cashing of checks, drafts, or money orders by any person who cashes checks, drafts, or money orders as a convenience, as a minor part of its customary business, and not for profit;
(c) The issuance or sale of checks, drafts, or money orders by any corporation, partnership, or association that has a net worth of not less than three million dollars as shown by audited financial statements; and
(d) The issuance or sale of checks, drafts, money orders, or other commercial paper serving the same purpose by any agent of a corporation, partnership, or association described in (c) of this subsection.
(2) Upon application to the director, the director may exempt a person from any or all provisions of this chapter upon a finding by the director that although not otherwise exempt under this section, the applicant is not primarily engaged in the business of cashing or selling checks and a total or partial exemption would not be detrimental to the public.
[2003 c 86 § 2; 1994 c 92 § 275; 1991 c 355 § 2.]
Sections: Previous 31.45.010 31.45.020 31.45.030 31.45.040 31.45.050 31.45.060 31.45.070 31.45.073 31.45.077 31.45.079 31.45.080 31.45.082 31.45.084 31.45.086 31.45.088 NextLast modified: April 7, 2009