560.303 – License required.
560.303 License required.— (1) A person may not engage in, or in any manner advertise engagement in, the business of cashing payment instruments or exchanging foreign currency without being licensed under this part. (2) A person licensed under this part may not engage directly in the activities that require a license under part II of this chapter but […]
560.1401 – Licensing standards.
560.1401 Licensing standards.—To qualify for licensure as a money services business under this chapter, an applicant must: (1) Demonstrate to the office the character and general fitness necessary to command the confidence of the public and warrant the belief that the money services business or deferred presentment provider shall be operated lawfully and fairly. (2) Be legally authorized […]
560.304 – Exemption from licensure.
560.304 Exemption from licensure.—The requirement for licensure under this part does not apply to a person cashing payment instruments that have an aggregate face value of less than $2,000 per person per day and that are incidental to the retail sale of goods or services whose compensation for cashing payment instruments at each site does not […]
560.141 – License application.
560.141 License application.— (1) To apply for a license as a money services business under this chapter, the applicant must submit: (a) An application to the office on forms prescribed by rule which includes the following information: 1. The legal name and address of the applicant, including any fictitious or trade names used by the applicant in the conduct […]
560.309 – Conduct of business.
560.309 Conduct of business.— (1) A licensee may transact business under this part only under the legal name under which the person is licensed. The use of a fictitious name is allowed if the fictitious name has been registered with the Department of State and disclosed to the office as part of an initial license application, or […]
560.142 – License renewal.
560.142 License renewal.— (1) A license may be renewed for a subsequent 2-year period by furnishing such application as required by rule, together with the payment of a nonrefundable renewal fee as provided under s. 560.143, on or before the license expiration date, or for the remainder of any such period without proration following the date of […]
560.143 – Fees.
560.143 Fees.— (1) LICENSE APPLICATION FEES.—The applicable non-refundable fees must accompany an application for licensure: (a) Part II……….$375. (b) Part III……….$188. (c) Per branch office……….$38. (d) For each location of an authorizedvendor……….$38. (e) Declaration as a deferred presentmentprovider……….$1,000. (f) Fingerprint retention fees as prescribed by rule. (g) License application fees for branch offices and authorized vendors are limited to $20,000 when such fees are […]
560.144 – Deposit of fees and assessments.
560.144 Deposit of fees and assessments.—License application fees, license renewal fees, late payment penalties, civil penalties, administrative fines, and other fees, costs, or penalties provided for in this chapter shall be paid directly to the office, which shall deposit such proceeds into the Regulatory Trust Fund and use the proceeds to pay the costs of the […]
560.203 – Exemptions from licensure.
560.203 Exemptions from licensure.—Authorized vendors of a licensee acting within the scope of authority conferred by the licensee are exempt from licensure but are otherwise subject to the provisions of this chapter. History.—s. 2, ch. 94-238; s. 2, ch. 94-354; s. 29, ch. 2008-177.
560.118 – Reports.
560.118 Reports.— (1) Annual financial audit reports must be filed with the office pursuant to this chapter or related rules. The licensee shall directly bear the cost of the audit. (2) Each licensee must submit quarterly reports to the office in a format and include information as specified by rule. The rule may require the report to contain […]