Delaware Code Title 5 Sec. 2702 – Application of chapter
The provisions of this chapter shall not apply:
(1) When checks, drafts or money orders are cashed without a consideration or charge;
(2) When checks, drafts or money orders are cashed by any person as an incident to the conduct of any other lawful business where not more than 10 cents is charged for cashing each check, draft or money order;
(3) To any national bank, federal reserve bank, federal savings bank, federal credit union or other person authorized by the laws of the United States to engage in the business of cashing checks, drafts or money orders in this State, or to any person doing business under or pursuant to the banking laws of this State, except a licensee under this chapter.
Code 1935, § ?2408I; 46 Del. Laws, c. 287, § ?1; 5 Del. C. 1953, § ?2702; 72 Del. Laws, c. 286, § ?3;
Terms Used In Delaware Code Title 5 Sec. 2702
- Licensee: means a licensed casher of checks, drafts or money orders. See Delaware Code Title 5 Sec. 2701
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302
- United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302