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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-23-103.1, 1999

Certain depository institutions and some check-cashing transactions are exempt from this chapter’s requirements.

Source excerpt

check cashingfinancial exemptionsretail saleretail salestransaction fee
Jurisdiction
United States — Utah
Status
In force
Official identity
Year 1999
Dates
Enacted 1999
More statute details
Dates
Enacted 1999
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01

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“Certain depository institutions and some check-cashing transactions are exempt from this chapter’s requirements.”

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02

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    Enacted 1999. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Exemptions.

Certain depository institutions and some check-cashing transactions are exempt from this chapter’s requirements.

Section 7-23-103.1

Subsection 7-23-103.1(3)

an institution directly or indirectly owned or controlled by one or more: depository institutions; or depository institution holding companies; or

Section 7-23-103.1(3)

Subsection 7-23-103.1(4)(b)

for consideration that does not exceed the greater of: 1% of the amount of the check; or $1.

Section 7-23-103.1(4)(b)

04

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In force source record

Source record from le.utah.gov · Enacted 1999

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Showing 11 of 11 provisions

Provision 11

Part 7-23-1

part 7-23-1 General Provisions

§ 7-23-103.1Exemptions.Provision

Source excerpt

Certain depository institutions and some check-cashing transactions are exempt from this chapter’s requirements.

Exemptions. The following are not subject to the requirements of this chapter: a depository institution; a depository institution holding company; an institution directly or indirectly owned or controlled by one or more: depository institutions; or depository institution holding companies; or a person that cashes a check in a transaction: that is incidental to a retail sale of goods or services; and for consideration that does not exceed the greater of: 1% of the amount of the check; or $1.
Section 7-23-103.1Verify source
§ 7-23-103.1(1)Subsection 7-23-103.1(1)Provision

Source excerpt

Refers to a depository institution.

a depository institution;
Section 7-23-103.1(1)Verify source
§ 7-23-103.1(2)Subsection 7-23-103.1(2)Provision

Source excerpt

a depository institution holding company;

a depository institution holding company;
Section 7-23-103.1(2)Verify source
§ 7-23-103.1(3)Subsection 7-23-103.1(3)Provision

Source excerpt

an institution directly or indirectly owned or controlled by one or more: depository institutions; or depository institution holding companies; or

an institution directly or indirectly owned or controlled by one or more: depository institutions; or depository institution holding companies; or
Section 7-23-103.1(3)Verify source
§ 7-23-103.1(3)(a)Subsection 7-23-103.1(3)(a)Provision

Source excerpt

depository institutions; or

depository institutions; or
Section 7-23-103.1(3)(a)Verify source
§ 7-23-103.1(3)(b)Subsection 7-23-103.1(3)(b)Provision

Source excerpt

depository institution holding companies; or

depository institution holding companies; or
Section 7-23-103.1(3)(b)Verify source
§ 7-23-103.1(4)Subsection 7-23-103.1(4)Provision

Source excerpt

This provision describes a person cashing a check in a transaction incidental to a retail sale of goods or services, where the consideration does not exceed the greater of 1% of the check amount or $1.

a person that cashes a check in a transaction: that is incidental to a retail sale of goods or services; and for consideration that does not exceed the greater of: 1% of the amount of the check; or $1.
Section 7-23-103.1(4)Verify source
§ 7-23-103.1(4)(a)Subsection 7-23-103.1(4)(a)Provision

Source excerpt

that is incidental to a retail sale of goods or services; and

that is incidental to a retail sale of goods or services; and
Section 7-23-103.1(4)(a)Verify source
§ 7-23-103.1(4)(b)Subsection 7-23-103.1(4)(b)Provision

Source excerpt

for consideration that does not exceed the greater of: 1% of the amount of the check; or $1.

for consideration that does not exceed the greater of: 1% of the amount of the check; or $1.
Section 7-23-103.1(4)(b)Verify source
§ 7-23-103.1(4)(b)(i)Subsection 7-23-103.1(4)(b)(i)Provision

Source excerpt

Sets an amount at 1% of the check amount.

1% of the amount of the check; or
Section 7-23-103.1(4)(b)(i)Verify source
§ 7-23-103.1(4)(b)(ii)Subsection 7-23-103.1(4)(b)(ii)Provision

Source excerpt

$1.

$1.
Section 7-23-103.1(4)(b)(ii)Verify source

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