CODE OF VIRGINIA

EXEMPT PERSONS (§ 6.2-2102)

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.

HISTORY: 1995, c. 221, § 6.1-434; 2010, c. 794.