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.
History.—s. 13, ch. 2001-119; s. 730, ch. 2003-261; s. 111, ch. 2005-2.
Section: Previous 560.402 560.403 560.404 560.4041 560.405 560.406 560.408Last modified: September 23, 2016