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Ind. Code § 28-8-5-1

Application of chapter

Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective

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Ind. Code § 28-8-5-1, Application of chapter, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1666735
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Sec. 1. (a) This chapter does not apply to a financial institution organized under IC 28 or federal law. (b) This chapter does not apply to a person principally engaged in the bona fide retail sale of goods or services if: (1) the person, either incidental to or independent of a retail sale of goods or services, from time to time cashes checks; and (2) the consideration (as defined in section 3 of this chapter) charged for cashing checks does not exceed five dollars ($5).