Tennessee Statutes
§ 45-18-103 — Application
Tennessee·Title 45
This chapter does not apply to:
(1)Any bank, trust company, credit union, building and loan association, savings bank or mutual bank organized under the laws of any state or the United States;
(2)Persons who offer a check cashing service without receiving, directly or indirectly, any consideration or fee; and (3) Persons engaged in the cashing of payment instruments that is incidental to the retail sale of goods or services, whose compensation for cashing payment instruments at each site does not exceed five percent (5%) of the gross receipts from the retail sale of goods or services by the person during the person's most recently completed fiscal year.
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Legislative History
Acts 1997 , ch. 309, §3; 2007 , ch. 80, § 1.
Nearby Sections
15
§ 45-1-101
Short title§ 45-1-103
General definitions§ 45-1-104
Department to execute laws§ 45-1-106
Salary of commissioner§ 45-1-107
Powers and duties of commissioner§ 45-1-109
Oaths of office§ 45-1-111
Limitation of personal liability§ 45-1-112
Official seal§ 45-1-113
Office facilities§ 45-1-116
Examiners - Employment and duties