Code of Virginia § 6.2-2102. Exempt persons.

120 words·~1 min read·/va/title-6-2/chapter-21/6-2-2102

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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 .