Gabysa Dollar Discount Corp.,; The petition sought a declaratory statement from the Office for clarification on two issues as it pertains to Petitioner’s circumstances: 1) How is the 5% of total gross income limit calculated under in 560.304, F.S.;...

 

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 Gabysa Dollar Discount Corp., on September 29, 2015. The following is a summary of the agency’s disposition of the petition:

The petition sought a declaratory statement from the Office for clarification on two issues as they pertain to Petitioner’s circumstances: 1) How is the 5% of total gross income limit calculated under in Section 560.304, F.S.; and 2) Are authorized vendors of Money Transmitter Licensees permitted to perform all activities permitted by licensees under Section 560.203, F.S.? On December 10, 2015, the Office issued a Final Order addressing the Petition. Issue (1) The relevant “last 60 days” are those 60 days immediately preceding the date a payment instrument was cashed; and Issue (2) denied (a petition for a declaratory statement which seeks approval of acts which have already occurred is properly denied, see Novick, 816 So. 2d at 1240).

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].