§ 6.2-2102 Exempt persons
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
This law was first created in 1995. The record of its establishment is cataloged in chapter 221 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2010, chapter 794.
1995, c. 221, § 6.1-434; 2010, c. 794.