560.1105 – Records retention.
560.1105 Records retention.—Each licensee and its authorized vendors must maintain all books, accounts, documents, files, and information necessary for determining compliance with this chapter and related rules for 5 years unless a longer period is required by other state or federal law. (1) The records required under this chapter may be maintained by the licensee at any […]
560.111 – Prohibited acts.
560.111 Prohibited acts.— (1) A money services business, authorized vendor, or affiliated party may not: (a) Receive or possess any property except in payment of a just demand, and, with intent to deceive or defraud, to omit to make or to cause to be made a full and true entry thereof in its books and accounts, or to […]
560.113 – Injunctions; receiverships; restitution.
560.113 Injunctions; receiverships; restitution.— (1) If the office determines that any person has engaged in or is about to engage in any action that is a violation of this chapter or related rules, the office may, in addition to or in lieu of other remedies, bring an action on behalf of the state in the circuit court […]
560.114 – Disciplinary actions; penalties.
560.114 Disciplinary actions; penalties.— (1) The following actions by a money services business, authorized vendor, or affiliated party constitute grounds for the issuance of a cease and desist order; the issuance of a removal order; the denial, suspension, or revocation of a license; or taking any other action within the authority of the office pursuant to this […]
560.1141 – Disciplinary guidelines.
560.1141 Disciplinary guidelines.— (1) The commission shall adopt by rule disciplinary guidelines applicable to each ground for disciplinary action that may be imposed by the office. (2) The disciplinary guidelines shall specify a meaningful range of designated penalties based upon the severity and repetition of specific offenses and that distinguish minor violations from those that endanger the public […]
560.115 – Surrender of license.
560.115 Surrender of license.—A licensee may voluntarily surrender its license at any time by giving written notice to the office. History.—s. 1, ch. 94-238; s. 1, ch. 94-354; s. 698, ch. 2003-261; s. 12, ch. 2008-177.
560.116 – Civil immunity.
560.116 Civil immunity.—Any person having reason to believe that a provision of this chapter is being violated, has been violated, or is about to be violated, may file a complaint with the office setting forth the details of the alleged violation. Such person is immune from civil liability unless the information provided is false and has […]
560.103 – Definitions.
560.103 Definitions.—As used in this chapter, the term: (1) “Affiliated party” means a control person, employee, or foreign affiliate of a money services business, or a person who has a controlling interest in a money services business as provided in s. 560.127. (2) “Appropriate regulator” means a state, federal, or foreign agency that has been granted authority to […]
560.104 – Exemptions.
560.104 Exemptions.—The following entities are exempt from the provisions of this chapter: (1) Banks, credit card banks, credit unions, trust companies, associations, offices of an international banking corporation, Edge Act or agreement corporations, or other financial depository institutions organized under the laws of any state or the United States. (2) The United States or any agency or instrumentality […]