31-1-704. Scope. (1) This part applies to deferred deposit lenders and to persons who facilitate, enable, or act as a conduit for persons making deferred deposit loans.
     (2) This part does not apply to:
     (a) banks, savings and loan associations, credit unions, or other state or federally regulated financial institutions; or
     (b) retail sellers who cash checks incidental to or independent of a sale and who do not charge more than $2 per check for the service.

     History: En. Sec. 4, Ch. 404, L. 1999.