Florida Senate - 2018                                    SB 1126
       
       
        
       By Senator Brandes
       
       
       
       
       
       24-01281B-18                                          20181126__
    1                        A bill to be entitled                      
    2         An act relating to the licensure of check cashers and
    3         foreign currency exchangers; amending s. 560.304,
    4         F.S.; revising the limit on the aggregate face value
    5         of certain payment instruments cashed by a certain
    6         person within a specified timeframe before the person
    7         is required to be licensed under part III of ch. 560,
    8         F.S.; providing an effective date.
    9          
   10  Be It Enacted by the Legislature of the State of Florida:
   11  
   12         Section 1. Section 560.304, Florida Statutes, is amended to
   13  read:
   14         560.304 Exemption from licensure.—The requirement for
   15  licensure under this part does not apply to a person cashing
   16  payment instruments that have an aggregate face value of less
   17  than $7,500 $2,000 per person per day and that are incidental to
   18  the retail sale of goods or services, if the person’s whose
   19  compensation for cashing payment instruments at each site does
   20  not exceed 5 percent of the total gross income from the retail
   21  sale of goods or services by such person during the last 60
   22  days.
   23         Section 2. This act shall take effect July 1, 2018.