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The Florida Senate

2011 Florida Statutes

F.S. 560.310
560.310 Records of check cashers and foreign currency exchangers.
(1) In addition to the record retention requirements specified in s. 560.1105, a licensee engaged in check cashing must maintain the following:
(a) Customer files, as prescribed by rule, on all customers who cash corporate or third-party payment instruments exceeding $1,000.
(b) For any payment instrument accepted having a face value of $1,000 or more:
1. A copy of the personal identification that bears a photograph of the customer used as identification and presented by the customer. Acceptable personal identification is limited to a valid driver’s license; a state identification card issued by any state of the United States or its territories or the District of Columbia, and showing a photograph and signature; a United States Government Resident Alien Identification Card; a passport; or a United States Military identification card.
2. A thumbprint of the customer taken by the licensee.
(c) A payment instrument log that must be maintained electronically as prescribed by rule. For purposes of this paragraph, multiple payment instruments accepted from any one person on any given day which total $1,000 or more must be aggregated and reported on the log.
(2) A licensee under this part may engage the services of a third party that is not a depository institution for the maintenance and storage of records required by this section if all the requirements of this section are met.
History.s. 3, ch. 94-238; s. 3, ch. 94-354; s. 13, ch. 2000-360; s. 724, ch. 2003-261; s. 65, ch. 2006-213; s. 42, ch. 2008-177.