The purpose and effect is to create a new rule to conform to and implement Chapter No. 2023-130, Laws of Florida, which was signed into law on May 24, 2023 and went into effect on July 1, 2023. The law prohibits check cashers ....

Document Information

Comments Open:: 1/12/2024
Summary:: The new rule will define the time period during which the 200 percent limitation applies and will specify who is exempt from the 200 percent limitation.
Purpose:: The purpose and effect is to create a new rule to conform to and implement Chapter No. 2023-130, Laws of Florida, which was signed into law on May 24, 2023 and went into effect on July 1, 2023. The law prohibits check cashers from cashing corporate checks for payees where the aggregate face amount of all such checks exceeds 200 percent of a payee’s payroll amount as reported in its workers' compensation policy during the policy coverage period.
Rulemaking Authority:: 560.105
Law:: 560.309
Related Rules: (1): 69V-560.7044. Limit on Cashing Corporate Checks