summary
Introduced
12/06/2017
12/06/2017
In Committee
12/18/2017
12/18/2017
Crossed Over
Passed
Dead
03/10/2018
03/10/2018
Introduced Session
2018 Regular Session
Bill Summary
Providing an exemption from licensure under part III of ch. 560, F.S., for persons authorized by the Office of Financial Regulation to cash, subject to certain limitations, certain payment instruments within a specified aggregate face value range; requiring the office to authorize the person to cash such instruments without such licensure if specified conditions are met, etc.
AI Summary
This bill provides an exemption from licensure for persons authorized by the Office of Financial Regulation to cash certain payment instruments with an aggregate face value between $2,000 and $7,500 per person per day, as long as certain conditions are met. These conditions include submitting data on checks over $2,000 to support financial crime and workers' compensation investigations, providing records requested by the office, establishing monthly and yearly limits on the aggregate value of cashed instruments, and not cashing corporate instruments. The bill also allows the commission to adopt rules to administer this new exemption.
Committee Categories
Business and Industry
Sponsors (1)
Other Sponsors (1)
Banking and Insurance (S)
Last Action
Died in Rules (on 03/10/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.flsenate.gov/Session/Bill/2018/1126 |
| BillText | http://www.flsenate.gov/Session/Bill/2018/1126/BillText/c1/HTML |
| Bill | http://www.flsenate.gov/Session/Bill/2018/1126/BillText/c1/PDF |
| Senate Committee Amendment #228994 | http://www.flsenate.gov/Session/Bill/2018/1126/Amendment/228994/HTML |
| BillText | http://www.flsenate.gov/Session/Bill/2018/1126/BillText/Filed/HTML |
| Bill | http://www.flsenate.gov/Session/Bill/2018/1126/BillText/Filed/PDF |
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