Florida Statutes Part II - Payment Instruments And Funds Transmission (Ss. 560.203-560.213)
- 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...
- 560.204 - License Required.
(1) Unless exempted, a person may not engage in, or in any manner advertise that they engage in, the selling or issuing of payment instruments or...
- 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...
- 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...
- 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...
- 560.209 - Net Worth; Corporate Surety Bond; Collateral Deposit In Lieu Of Bond.
(1) A licensee must have a net worth of at least $100,000. A licensee operating in more than one location must have an additional net worth...
- 560.210 - Permissible Investments.
(1) A licensee must at all times possess permissible investments with an aggregate market value, calculated in accordance with generally accepted accounting principles, of at least...
- 560.211 - Required Records.
(1) In addition to the record retention requirements under s. 560.1105, each licensee under this part must make, keep, and preserve the following books, accounts, records,...
- 560.212 - Financial Liability.
A licensee under this part is liable for the payment of all money transmitted and payment instruments that it sells, in whatever form and whether...
- 560.213 - Payment Instrument Information.
Each payment instrument sold or issued by a licensee, directly or through an authorized vendor, must bear the name of the licensee, and any other...
Last modified: September 23, 2016