(a) This subchapter shall apply to any person engaged in the check cashing business as such term is defined in § 2581 of this title.\n(b) In addition to the persons or entities excluded in § 2582(b) of this title, the following persons or entities shall not be subject to the provisions of this subchapter:\n(1) Persons or entities that cash checks free of charge.\n(2) Persons or entities for who check cashing is an activity which is inherent or related to a lawful main business or commercial activity.\n(3) Persons or entities that hold a license issued by the OCFI to engage in the money transmitting business.\nHistory —Sept. 21, 2010, No. 136, § 4.1, eff. 60 days after Sept. 21, 2010.
Puerto Rico Legal Code