FL H0145

Exempts private schools from surcharge prohibitions when charging convenience fees for credit card tuition payments, provided fees do not exceed the credit card company's actual charges to the institution.

Prohibits consumer finance loan licensees from paying compensation, inducement, or rewards to persons for referring loan applications if such amounts are charged directly or indirectly to the borrower.

Establishes that Florida's funds transfer law applies to remittance transfers under the federal Electronic Fund Transfer Act, with federal law governing any inconsistencies.

Reduces mortgage cancellation timeline from 60 days to 45 days after satisfaction, except for open-end mortgages which may be canceled within 45 days upon written borrower notice of intent to close.

Effective date: July 1, 2016, with remittance transfer provisions applying to all transfers initiated on or after that date.