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
$2,000per person per day and that are incidental to 18 the retail sale of goods or services, if the person’s whose19 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.