69V-560.7042 Check Cashing Database Transaction Requirements.

1. (1) Each check cashing transaction for which the payment instrument cashed is in excess of $1,000 shall be submitted to the check cashing database and receive a transaction confirmation number evidencing the transaction as recorded in the check cashing database prior to a check casher giving currency (or a payment instrument if a Part II licensees).
2. (2) Each check casher must also submit to the check cashing database multiple payment instruments accepted from any one person on any given day which when aggregated total in excess of $1,000. Payment instruments cashed pursuant to this paragraph must be entered into the check cashing database within two (2) business days of the date on which the aggregate transactions occurred.
3. (3) The check casher may void or cancel a check cashing transaction within one calendar year from the date of the transaction.
4. (4) The check casher may amend a check cashing transaction within forty-five (45) calendar days from the date of the transaction.

Rulemaking Authority 560.105, 560.310 FS. Law Implemented 560.310 FS. History–New 10-12-15, Amended 11-28-19.