Published on: 16457425. Disciplinary Guidelines, Adoption of Forms, Electronic Filing of Forms and Fees, Application or Appointment Procedures and Requirements, Definitions, Renewal Fees, Deadlines, and Requirements, Reimbursement Rates for Examinations Conducted by the Office, Reimbursement Rates for Examinations Conducted by a Third Party, Quarterly Reports, Annual Filing of Financial Audit Reports by Part II Licensees, Currency Transaction Report Filings, Suspicious Activity Report Filings, Report of International Transportation of Currency or Monetary Instruments, Payment Instrument Sellers, Money Transmitters, Foreign Currency Exchangers
Published on: 16349658. Adoption of Forms, Reimbursement Rates for Examinations Conducted by a Third Party, Currency Transaction Report Filings, Suspicious Activity Report Filings, Payment Instrument Sellers, Money Transmitters, Records to Be Maintained by Check Cashers
Published on: 16281661. The purpose and effect of the amended rule is to remove the disciplinary guidelines as found in the rule text 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 the section specifying the mitigating and aggravating factors the Office shall consider in determining appropriate penalties, to adopt new forms, to readopt old forms and revise names of old forms, to update rule text to clarify the Division’s name and zip code, to delete and amend definition language, to update Florida Department of Law Enforcement’s Livescan website link, to remove provisions allowing for extra calculated time for dates falling on the weekend or legal holidays, to revise and clarify reimbursement rates for examinations, to clarify the records required to be maintained related to inbound and outbound transmissions, to update citations to federal laws and rules, to clarify the documents required to be maintained in customer files, to delete certain definitions found in 69V-560.704, to define the phrase “its own commercial account” as referenced in section 560.309(3), F.S., to clarify termination of electronic log requirements, to specify information required to be submitted into the check cashing database, to update and clarify current statutory citations in rule text, to provide the current rulemaking authority for the rules, and to remove obsolete statutory references in the law implemented section of rule text.
Published on: 16271088. The purpose and effect of the amended rule are 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 the section specifying the mitigating and aggravating factors the Office shall consider in determining appropriate penalties, to delete and amend definition language, to remove provisions allowing for extra calculated time for dates falling on the weekend or legal holidays, to amend reimbursement rates for examinations, to clarify the records required to be maintained related to inbound and outbound transmissions, to update citations to federal laws and rules, to clarify the documents required to be maintained in customer files, to specify documents required to be submitted into the check cashing database, to delete the requirement for an electronic check cashing log, to specify access to the check cashing database, to specify check cashing database transaction requirements, to specify check cashing database availability, and to delete requirements related to payment method.
Published on: 6478550. This is the Final Public Hearing on the adoption of proposed Rules 69V-560.101, .1012, .1013, .102, .103, .104, .105, .107, .108, .201, .302, .401, .402, .403, .501, .504, .505, .601, .602, .606, .608, .609, .610, .701, .702, .703, .704, .705, .706, .707, .801, .802, .804, .805, .901, .902, .903, .904, .905, .906, .907, .908, .909, .910, .911, .912, and .913, Florida Administrative Code, published on September 26, 2008, in Vol. 34, No. 39, of the Florida Administrative Weekly. A Notice of Change for these rules is published in this edition of the Florida Administrative Weekly. These rules relate to the regulation of money services businesses. During the regular 2008 legislative session, the Florida Legislature passed Senate Bill 2158, relating to money services businesses. The bill was signed into law on June 17, 2008, and will take effect on January 1, 2009. This law makes significant changes to Chapter 560, Florida Statutes. The new law imposes additional regulatory requirements on money services businesses including money transmitters, payment instrument sellers, foreign currency exchangers, check cashers, and deferred presentment providers. The proposed rules reflect and implement the statutory changes.; December 9, 2008, 9:00 a.m., during a regular meeting of the Financial Services Commission.; Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida
Published on: 6449935. Scope, Adoption of Forms, Electronic Filing of Forms and Fees, Application Forms, Procedures and Requirements, Definitions, Application Fees, Regulatory Standards for Evaluating Applications, Registration of Locations and Authorized Vendors, Declaration of Intent to Engage in Deferred Presentment Transactions, Requirements, Renewal Fees, Deadlines, and Requirements, Scope, Bond, Net Worth, Scope, Reimbursement Rates for Examinations Conducted by the Office, Reimbursement Rates for Examinations Conducted by a Third Party, Definitions, Quarterly Reports, Annual Filing of Financial Statements by Part II Registrants, Currency Transaction Report Filings, Suspicious Activity Report Filings, Report of International Transportation of Currency or Monetary Instruments, General, Payment Instrument Sellers, Funds Transmitters, Records to Be Maintained by Check Cashers, Foreign Currency Exchangers, Records to be Maintained by Authorized Vendors, Records to be Maintained by Deferred Presentment Providers, Verification Fee, Minimum Disclosure, Payment Method, Gross Income Test, Scope, Definitions, Deferred Presentment Transactions, Transaction Agreement Disclosures and Requirements, Transaction Fees, Consumer Credit Counseling Services, Database Access, Database Transaction Requirements, Database Availability, Database Transaction Fees, Database Dispute Resolution for Customers, Database Confidentiality, Termination of Deferred Presentment Activity; Database Maintenance
Published on: 6134782. During the regular 2008 legislative session, the Florida Legislature passed Senate Bill 2158, relating to money services businesses. The bill was signed into law on June 17, 2008, and will take effect on January 1, 2009. This law makes significant changes to Chapter 560, Florida Statutes. The new law imposes additional regulatory requirements on money services businesses including money transmitters, payment instrument sellers, foreign currency exchangers, check cashers, and deferred presentment providers. The proposed rules reflect and implement the statutory changes.