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.
560.204 – License required.
560.204 License required.— (1) Unless exempted, a person may not engage in, or in any manner advertise that they engage in, the activity of a payment instrument seller or money transmitter, for compensation, without first obtaining a license under this part. For purposes of this subsection, the term “compensation” includes profit or loss on the exchange of […]
560.205 – Additional license application requirements.
560.205 Additional license application requirements.—In addition to the license application requirements under part I of this chapter, an applicant seeking a license under this part must also submit to the office: (1) A sample authorized vendor contract, if applicable. (2) A sample form of payment instrument, if applicable. (3) Documents demonstrating that the net worth and bonding requirements specified […]
560.208 – Conduct of business.
560.208 Conduct of business.—In addition to the requirements specified in s. 560.1401, a licensee under this part: (1) May conduct its business at one or more locations within this state through branches or by means of authorized vendors, as designated by the licensee, including the conduct of business through electronic transfer, such as by the telephone or […]
560.2085 – Authorized vendors.
560.2085 Authorized vendors.—A licensee under this part shall: (1) Within 60 days after an authorized vendor commences business, file with the office such information as prescribed by rule together with the nonrefundable location fee as provided by s. 560.143. This requirement applies to vendors who are also terminated within the 60-day period. (2) Enter into a written contract, […]
560.105 – Supervisory powers; rulemaking.
560.105 Supervisory powers; rulemaking.— (1) The office shall: (a) Supervise all money services businesses and their authorized vendors. (b) Have access to the books and records of persons the office supervises as necessary to carry out the duties and functions of the office under this chapter. (c) Issue orders and declaratory statements, disseminate information, and otherwise administer and enforce this […]