7-23-103.1. Exemptions.
The following are not subject to the requirements of this chapter:
(1) a depository institution;
(2) a depository institution holding company;
(3) an institution directly or indirectly owned or controlled by one or more: depository institutions; or depository institution holding companies; or
(4) 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.