Bill > H1311

This bill revises the exemption from licensure for check cashing services in Florida. The key provisions are: (1) increasing the aggregate face value of payment instruments that may be cashed without a license from $2,000 to $7,500 per person per day, and (2) clarifying that the 5% compensation limit on cashing payment instruments applies to each location of the business, rather than the overall business. The bill is intended to provide more flexibility for businesses engaged in check cashing services that are incidental to the retail sale of goods or services.

Business and Industry

http://www.flsenate.gov/Session/Bill/2018/1311