RCW 31.45.020
203 words·~1 min read·
/wa/title-31/chapter-31-45/31-45-020·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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 s 2 ; 1994 c 92 s 275 ; 1991 c 355 s 2 .]