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FL H1311
Bill
Status
Failed
3/10/2018
Primary Sponsor
Lawrence McClure
Click for details
AI Summary
- Amends section 560.304, Florida Statutes, to revise the exemption from licensure requirements for check cashing services
- Reduces the aggregate face value threshold for payment instruments that may be cashed without a license from $7,500 to $2,000 per person per day
- Maintains requirement that cashing payment instruments must be incidental to the retail sale of goods or services
- Maintains requirement that compensation for cashing payment instruments cannot exceed 5 percent of total gross income from retail sales during the last 60 days
- Takes effect July 1, 2018
Legislative Description
Check Cashing Services
Last Action
Died in Insurance and Banking Subcommittee
3/10/2018
Committee Referrals
Insurance And Banking Subcommittee1/12/2018
Full Bill Text
No bill text available