There Is a Newer Version of the Florida Statutes
  1. 2025 Florida Stat.
  2. 2024 Florida Stat.
  3. 2023 Florida Stat.
  4. 2002 Florida Stat. (here)
  5. View All Versions
View Our Newest Version Here

2002 Florida Code
TITLE XXXIII REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS
Chapter 560 MONEY TRANSMITTERS' CODE  
PART IV DEFERRED PRESENTMENT (ss. 560.401-560.408)
560.408   Legislative intent; report.

560.408  Legislative intent; report.--

(1)  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:

(a)  Providing for sufficient regulatory authority and resources to monitor deferred presentment transactions.

(b)  Preventing rollovers.

(c)  Regulating the allowable fees charged in connection with a deferred presentment transaction.

(2)  The Comptroller shall submit a report to the President of the Senate and the Speaker of the House of Representatives on January 1, 2003, and January 1, 2004, containing findings and conclusions concerning the effectiveness of this act in preventing fraud, abuse, and other unlawful activity associated with deferred presentment transactions. The report may contain legislative recommendations addressing the prevention of fraud, abuse, and other unlawful activity associated with deferred presentment transactions. Prior to filing the report, the Comptroller shall consult with the Attorney General for the purpose of including any recommendations or concerns expressed by the Attorney General.

History.--s. 13, ch. 2001-119.

Disclaimer: These codes may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.