VendEngine, Inc.,; The petitioner sought a declaratory statement from the Office on whether Petitioner's proposed business model (of providing a technology platform, of which money handling functionality [cash deposits, and credit card deposits for ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Office of Financial Regulation has issued an order disposing of the petition for declaratory statement filed by VendEngine, Inc., on December 30, 2016. The following is a summary of the agency's disposition of the petition:

The petitioner sought a declaratory statement from the Office on whether Petitioner's proposed business model (of providing a technology platform, of which money handling functionality [cash deposits, and credit card deposits for and on behalf of inmates]) falls within the Florida Money Transmitter Statute, Chapter 560, Florida Statutes. On December 30, 2016 the Office issued a Final Order. Petitioner is a substantially affected person. Petitioner is not required to obtain licensure as a money transmitter under Chapter 560, Florida Statutes, for the activities described in its Petition for Declaratory Statement.

A copy of the Order Disposing of the Petition for Declaratory Statement may be obtained by contacting: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail] or online at https://real.flofr.com/ConsumerServices/SearchLegalDocuments/LDSearch.aspx#/searchLegalDocuments.

Please refer all comments to: A copy of the Order Disposing of the Petition for Declaratory Statement may be obtained by contacting: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail]