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FL H1217
Bill
Status
Failed
5/3/2019
Primary Sponsor
Lawrence McClure
Click for details
AI Summary
- Amends Florida Statutes section 560.304 to reduce the aggregate face value exemption for check-cashing services from $7,500 to $2,000 per person per day
- Exemption from licensure applies when payment instruments cashed are incidental to retail sales of goods or services
- Requires that compensation for cashing payment instruments does not exceed 5 percent of total gross income from retail sales at each location during the preceding 60 days
- Effective date is July 1, 2019
Legislative Description
Check-Cashing Services
Last Action
Died in Insurance and Banking Subcommittee
5/3/2019
Committee Referrals
Insurance And Banking Subcommittee3/8/2019
Full Bill Text
No bill text available