Section 3. Exemptions.--No license shall be required for any of the following:
(1) Banks, bank and trust companies, credit unions, savings banks and trust companies organized under the laws of this Commonwealth; similar banking institutions organized under the laws of the United States or of any other state; similar credit unions organized under the laws of the United States or another state; and savings and loan associations and building and loan associations organized under the laws of another state or of the United States; or their affiliates or agents. ((1) amended June 27, 2025, P.L.9, No.7)
(2) Agents of a person licensed under this act.
(3) Agents of a Federal, State or local government agency, to the extent that such agents are disbursing government benefits.
(4) Agents that receive payments from individuals on behalf of persons that are creditors, public utilities or providers of goods or services.
(3 amended Nov. 3, 2016, P.L.1002, No.129)
Compiler's Note: Section 16 of Act 129 of 2016, which amended section 3, provided that the amendment shall not apply to a transaction which was conducted prior to the effective date of section 16.