Fla. Stat. § 560.408

Current through Chapter 226 of the 2024 Legislative Session

Section 560.408 - Legislative intent; report

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:

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

(2) Preventing rollovers.

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

Fla. Stat. § 560.408

s.13, ch. 2001-119; s.730, ch. 2003-261; s.111, ch. 2005-2.