Kentucky Statutes 286.9-030 – Exemptions from applicability of this subtitle
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The provisions of this subtitle shall not apply to:
(1) Any bank, trust company, savings and loan association, savings bank, credit union, consumer loan company, or industrial loan corporation which is chartered, licensed, or organized under the laws of this Commonwealth or under federal law and authorized to do business in this Commonwealth;
(2) Any person who cashes checks without receiving, directly or indirectly, any consideration or fee therefor;
(3) Any person principally engaged in the retail sale of goods or services who, either as an incident to or independently of a retail sale, may from time to time cash checks for a fee or other consideration;
(4) The United States and any department, agency, or instrumentality thereof; and
(5) A state or any agency, department, or political subdivision of a state.
Effective: January 1, 2010
History: Amended 2009 Ky. Acts ch. 98, sec. 21, effective January 1, 2010. — Amended 1998 Ky. Acts ch. 601, sec. 3, effective April 14, 1998. — Created 1992
Ky. Acts ch. 213, sec. 3, effective July 14, 1992; and ch. 341, sec. 3, effective July
14, 1992.
Formerly codified as KRS § 368.030.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.
(1) Any bank, trust company, savings and loan association, savings bank, credit union, consumer loan company, or industrial loan corporation which is chartered, licensed, or organized under the laws of this Commonwealth or under federal law and authorized to do business in this Commonwealth;
Terms Used In Kentucky Statutes 286.9-030
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Consideration: means any premium or fee charged of any kind for the sale of goods or services in excess of the cash price of the goods or services. See Kentucky Statutes 286.9-010
- Department: means the Department of Financial Institutions. See Kentucky Statutes 286.1-010
- Federal: refers to the United States. See Kentucky Statutes 446.010
- Person: means a natural person, or any type or form of corporation, company, partnership, proprietorship, association, or other legal entity. See Kentucky Statutes 286.1-010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
(2) Any person who cashes checks without receiving, directly or indirectly, any consideration or fee therefor;
(3) Any person principally engaged in the retail sale of goods or services who, either as an incident to or independently of a retail sale, may from time to time cash checks for a fee or other consideration;
(4) The United States and any department, agency, or instrumentality thereof; and
(5) A state or any agency, department, or political subdivision of a state.
Effective: January 1, 2010
History: Amended 2009 Ky. Acts ch. 98, sec. 21, effective January 1, 2010. — Amended 1998 Ky. Acts ch. 601, sec. 3, effective April 14, 1998. — Created 1992
Ky. Acts ch. 213, sec. 3, effective July 14, 1992; and ch. 341, sec. 3, effective July
14, 1992.
Formerly codified as KRS § 368.030.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286, and KRS references within this statute have been adjusted to conform with the 2006 renumbering of that code.