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August 19, 2019
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The Florida Statutes

The 2019 Florida Statutes

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS
Chapter 560
MONEY SERVICES BUSINESSES
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F.S. 560.408
560.408 Legislative intent; report.It is the intent of the Legislature to provide for the regulation of deferred presentment transactions. It is further the intent of the Legislature to prevent fraud, abuse, and other unlawful activity associated with deferred presentment transactions in part by:
(1) Providing for sufficient regulatory authority and resources to monitor deferred presentment transactions.
(2) Preventing rollovers.
(3) Regulating the allowable fees charged in connection with a deferred presentment transaction.
History.s. 13, ch. 2001-119; s. 730, ch. 2003-261; s. 111, ch. 2005-2.