Florida Statutes Part IV - Deferred Presentment (Ss. 560.402-560.408)

• 560.402 - Definitions.
  For the purposes of this part, the term:(1) “Affiliate” means a person who, directly or indirectly, through one or more intermediaries controls, is controlled by, or...
• 560.403 - Declaration Of Intent.
  Except for financial institutions as defined in s. 655.005, a person may not engage in a deferred presentment transaction unless the person is licensed as...
• 560.404 - Requirements For Deferred Presentment Transactions.
  (1) Each deferred presentment transaction must be documented in a written agreement signed by the deferred presentment provider and the drawer.(2) The deferred presentment transaction agreement must...
• 560.4041 - Database For Deferred Presentment Providers; Public Records Exemption.
  Information that identifies a drawer or a deferred presentment provider contained in the database authorized under s. 560.404 is confidential and exempt from s. 119.07(1)...
• 560.405 - Deposit; Redemption.
  (1) The deferred presentment provider or its affiliate may not present the drawer’s check before the end of the deferment period, as reflected in the deferred...
• 560.406 - Worthless Checks.
  (1) If a check is returned to a deferred presentment provider from a payor financial institution due to lack of funds, a closed account, or a...
• 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...

Last modified: September 23, 2016