| << Previous Section (7-23-102) | Next Section (7-23-104.1) >> |
Financial Institutions Act | |
Check Cashing and Deferred Deposit Lending Registration Act | |
Section 103.1 | Exemptions. |
|
7-23-103.1. Exemptions. The following are not subject to the requirements of this chapter: (1) a depository institution; (2) a depository institution holding company; (3) an institution directly or indirectly owned or controlled by one or more: (a) depository institutions; or (b) depository institution holding companies; or (4) a person that cashes a check in a transaction: (a) that is incidental to a retail sale of goods or services; and (b) for consideration that does not exceed the greater of: (i) 1% of the amount of the check; or (ii) $1.
Renumbered and Amended by Chapter 96, 2008 General Session |
| << Previous Section (7-23-102) | Next Section (7-23-104.1) >> |