Florida Statutes Part I - General Provisions (Ss. 560.103-560.144)
- 560.103 - Definitions.
As used in this chapter, the term:(1) “Affiliated party” means a director, officer, responsible person, employee, or foreign affiliate of a money services business, or a...
- 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,...
- 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...
- 560.107 - Liability.
No person acting, or who has acted, in good faith reliance upon a rule, order, or declaratory statement issued by the commission or the office...
- 560.109 - Examinations And Investigations.
The office may conduct examinations and investigations, within or outside this state to determine whether a person has violated any provision of this chapter and...
- 560.1091 - Contracted Examinations.
The office may contract with third parties to conduct examinations under this chapter.(1) The person or firm selected by the office may not have a conflict...
- 560.1092 - Examination Expenses.
(1) Each licensee examined shall pay to the office the expenses of the examination at the rates adopted by the commission by rule. Such expenses shall...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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....
- 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...
- 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...
- 560.121 - Access To Records; Record Retention; Penalties.
(1) Orders of courts or of administrative law judges for the production of confidential records or information must provide for inspection in camera by the court...
- 560.123 - Florida Control Of Money Laundering In Money Services Business Act.
(1) This section may be cited as the “Florida Control of Money Laundering in Money Services Business Act.”(2) The purpose of this section is to require the...
- 560.1235 - Anti-money Laundering Requirements.
(1) A licensee and authorized vendor must comply with all state and federal laws and rules relating to the detection and prevention of money laundering, including,...
- 560.124 - Sharing Of Information.
Any person may provide to a money services business, authorized vendor, law enforcement agency, prosecutorial agency, or appropriate regulator, or any money services business, authorized...
- 560.125 - Unlicensed Activity; Penalties.
(1) A person may not engage in the business of a money services business or deferred presentment provider in this state unless the person is licensed...
- 560.126 - Required Notice By Licensee.
(1) A licensee must provide the office with a written notice sent by registered mail within 30 days after the occurrence or knowledge of, whichever period...
- 560.127 - Control Of A Money Services Business.
A person has a controlling interest in a money services business if the person:(1) Possesses the power, directly or indirectly, to direct the management or policies...
- 560.128 - Customer Contacts; License Display.
(1) A money services business and authorized vendor must provide each customer with a toll-free telephone number for the purpose of contacting the money services business...
- 560.129 - Confidentiality.
(1) Except as otherwise provided in this section, all information concerning an investigation or examination conducted by the office pursuant to this chapter, including any customer...
- 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...
- 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...
- 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...
- 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...
- 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...
Last modified: September 23, 2016