House Bill 0661

    Florida House of Representatives - 2000                 HB 661

        By Representative Starks






  1                      A bill to be entitled

  2         An act relating to check cashing; amending s.

  3         560.309, F.S.; providing additional rules for

  4         certain check cashing activities and check

  5         cashers; providing an effective date.

  6

  7  Be It Enacted by the Legislature of the State of Florida:

  8

  9         Section 1.  Subsection (5) is added to section 560.309,

10  Florida Statutes, to read:

11         560.309  Rules.--

12         (5)  Check cashing consists solely of providing cash

13  for checks pursuant to the definition of "cashing" under s.

14  560.302. A check casher may not charge a customer for holding

15  a cashed check and may not seek criminal prosecution for the

16  failure of a customer to have funds in the customer's checking

17  account to cover the amount of a check on a business day

18  subsequent to the date the check is cashed.  Any agreement

19  made by any person to be subsequently reimbursed by a customer

20  either for holding a cashed check or for the amount of a check

21  that is cashed, either directly or through the depositing of a

22  held cashed check, is a loan of money and is governed by the

23  laws regulating the lending of money rather than by this

24  chapter.

25         Section 2.  This act shall take effect October 1, 2000.

26

27            *****************************************

28                          HOUSE SUMMARY

29
      Specifies additional rules for check cashing and check
30    cashers.

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