22124068, 69V-560.1000 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 22124068

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

MONEY TRANSMITTERS

Overview

RULE:

69V-560.1000	Disciplinary Guidelines
69V-560.1012	Adoption of Forms
69V-560.1013	Electronic Filing of Forms and Fees
69V-560.102	Application or Appointment Procedures and Requirements
69V-560.103	Definitions
69V-560.107	Application for Branch Office and Appointment of Authorized Vendors
69V-560.201	Amendments, Change of Name, Change of Entity and Change in Control or Ownership
69V-560.302	Renewal Fees, Deadlines, and Requirements
69V-560.403	Net Worth (Repealed)
69V-560.504	Reimbursement Rates for Examinations Conducted by the Office
69V-560.602	Quarterly Reports
69V-560.606	Annual Filing of Financial Audit Reports by Part II Licensees
69V-560.608	Currency Transaction Report Filings
69V-560.609	Suspicious Activity Report Filings
69V-560.702	Payment Instrument Sellers
69V-560.703	Money Transmitters
69V-560.704	Records to Be Maintained by Check Cashers
69V-560.7041	Check Cashing Database Access
69V-560.7042	Check Cashing Database Access Transaction Requirements
69V-560.7043	Check Cashing Database Availability
69V-560.707	Records to be Maintained by Deferred Presentment Providers
69V-560.902	Definitions
69V-560.903	Deferred Presentment Transactions
69V-560.904	Deferred Presentment Transaction Agreement Disclosures and Requirements
69V-560.905	Deferred Presentment Transaction Fees
69V-560.907	Deferred Presentment Database Access
69V-560.908	Deferred Presentment Database Transaction Requirements
69V-560.909	Deferred Presentment Database Availability
69V-560.910	Deferred Presentment Database Transaction Fees
69V-560.911	Deferred Presentment Database Dispute Resolution for Customers
69V-560.912	Deferred Presentment Database Confidentiality
69V-560.913	Termination of Deferred Presentment Activity and Transaction Maintenance

PURPOSE:

The purpose and effect of the amended rules is to remove the disciplinary guidelines as found in the rule and to transfer the disciplinary guidelines provisions to a form incorporated into the rule entitled "Office of Financial Regulation, Division of Consumer Finance, Disciplinary Guidelines for Money Services Businesses," to amend mitigating and aggravating factors, to amend citations to incorporated materials, to provide an exemption from online filing requirements for technological or financial hardships, to specify fingerprint exemptions for certain individuals, to provide an additional 45 days for submission of additional application information, to deem certain applications abandoned, to delete and amend definitions, to specify who must file Form 560-02, to specify when Form 560-02 must be filed, to specify when application amendments must be filed, to clarify the license renewal process, to repeal the net worth provisions, to establish a set rate for exam fees, to clarify quarterly report requirements, to correct inaccurate terminology, to clarify record keeping requirements, to amend existing rules and propose new rules to conform to and implement Chapter No. 218-26, Laws of Florida, which was signed into law on March 19, 2018. The legislation requires the Financial Service Commission to implement, by rule, certain provisions related to deferred presentment installment transactions.

SUBJECT:

Consumer Finance

RULEMAKING AUTHORITY:

215.405, 560.105, 560.1091, 560.1092, 560.1105, 560.1141, 560.118, 560.123, 560.126, 560.141, 560.142, 560.143, 560.205, 560.2085, 560.209, 560.211, 560.310, 560.403, 560.404.

LAW:

215.405, 560.103, 560.105, 141 560.109, 560.1091, 560.1092, 560.118, 560.126, 560.127, 560.140, 560. 560.1105, 560.111, 560.114, 560.1141, 560.118, 560.123, 560.1235, 560.125, 560.126, 560.128, 560.1401, 560.142, 560.143, 560.204, 560.205, 560.208, 560.2085, 560.208, 560.2085, 560.209, 560.210, 560.211, 560.213, 560.303, 560.309, 560.310, 560.402, 560.403, 560.404, 560.4041, 560.405, 560.406, 943.053.

PRINT PUBLISH DATE:

7/12/2019 Vol. 45/135

RELATED STATUTES
AND LAWS:

215.405, 560.105, 560.1091, 560.1092, 560.1105, 560.1141, 560.118, 560.123, 560.126, 560.141, 560.142, 560.143, 560.205, 560.2085, 560.209, 560.211, 560.310, 560.403, 560.404., 215.405, 560.103, 560.105, 141 560.109, 560.1091, 560.1092, 560.118, 560.126, 560.127, 560.140, 560. 560.1105, 560.111, 560.114, 560.1141, 560.118, 560.123, 560.1235, 560.125, 560.126, 560.128, 560.1401, 560.142, 560.143, 560.204, 560.205, 560.208, 560.2085, 560.208, 560.2085, 560.209, 560.210, 560.211, 560.213, 560.303, 560.309, 560.310, 560.402, 560.403, 560.404, 560.4041, 560.405, 560.406, 943.053.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=69V-560.1000&PDate=7/12/2019&Section=1

REFERENCE MATERIALS:

No reference(s).

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