Florida Administrative Code (Last Updated: March 13, 2024) |
69. Department of Financial Services |
69V. Finance |
69V-560. Money Transmitters |
Effective on Tuesday, January 13, 2009
1For purposes of determining whether a person is engaged in the business of check cashing for which registration is required the following formula will be applied:
27Compensation for Check Cashing/Foreign Currency Exchange
33_________________________________________________________________
34Gross Income + Compensation for Check
40Cashing/Foreign Currency Exchange
43“Gross Income” means Gross Revenue (Sales) – Cost of Goods Sold.
54Specific Authority 56560.105 FS. 58Law Implemented 56061.304(2) FS. History–New 9-14-04, Amended 1-13-09.