§ 28-8-5-1 — Application of chapter

Indiana § 28-8-5-1

• Jurisdiction: Indiana
• Art. 8: FINANCIAL SERVICES
• Ch. 5: Cashing Checks

Text

(a) This chapter does not apply to a financial
institution organized under IC 28 or federal law.
(b) This chapter does not apply to a person principally engaged in
the bona fide retail sale of goods or services if:
(1) the person, either incidental to or independent of a retail sale
of goods or services, from time to time cashes checks; and
(2) the consideration (as defined in section 3 of this chapter)
charged for cashing checks does not exceed five dollars ($5).

Legislative History

As added by P.L.42-1993, SEC.86. Amended by P.L.122-1994, SEC.104; P.L.213-2007, SEC.85; P.L.217-2007, SEC.83; P.L.89-2011, SEC.62.