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A dedication that deferred presentment transactions aren’t loans doesn’t end the inquiry.

A dedication that deferred presentment transactions aren’t loans doesn’t end the inquiry.

A dedication that deferred presentment transactions aren’t loans doesn’t end the inquiry.

The Florida Check Cashiers Association (FCCA), evidently worried about agreements with clients to defer deposits of checks, required an opinion which was given because of the Department on February :

It will be the place of this FCCA that user shops may cash checks for clients and defer the deposit of these checks for an acceptable time period, mutually decided amongst the shop and also the consumer, provided the fee charged for cashing these checks shall perhaps not surpass the statutory cost allowable when it comes to certain sort of check cashed. The solution shall be known as deferred deposit. Since Chapter 560, Florida Statutes, doesn’t clearly prohibit the style of deferred deposits and since all the conditions of Chapter 560, Florida Statutes, is honored, we see no explanation to object to your providing of this above described services. Again, this analysis is situated upon the fact the deposit that is deferred will likely to be provided and handled pursuant towards the conditions of Chapter 560, Florida Statutes, and particularly in the cost caps included within Section , Florida Statutes. We additionally observe that deferred deposit deals had been considered by the 2001 legislature. Daha fazla hakkındaA dedication that deferred presentment transactions aren’t loans doesn’t end the inquiry. oku