29336018, 69V-560.903 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 29336018

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

MONEY TRANSMITTERS

Overview

RULE:

69V-560.903	Deferred Presentment Transactions
69V-560.905	Deferred Presentment Transaction Fees
69V-560.908	Deferred Presentment Database Transaction Requirements

PURPOSE:

The purpose and effect is to amend provisions in existing rules related to deferred presentment transactions.

SUMMARY:

The rules are being amended to allow for an additional deferred presentment transaction repayment method, allow for an additional deferred presentment transaction termination method, shorten the time required for notification of a returned check, shorten the time required before the automatic closure of a deferred presentment transaction, prohibit certain deferred presentment transaction payment methods, expand the example list of unauthorized fees, and require the update of certain information in the deferred presentment database.

RULEMAKING AUTHORITY:

560.105, 560.404, FS

LAW:

560.404, 560.4041, 560.405

PRINT PUBLISH DATE:

4/2/2025 Vol. 51/64

COMMENTS:

From 4/2/2025 To 4/23/2025 (21 Days)

REFERENCE MATERIALS:

No reference(s).

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