Credit Union "Payment Center"; The petition sought a declaratory statement from the Office on whether Petitioner's proposed business activities (of offering a remittance service, without, charging a fee) fall within Florida’s money transmitting ...

 

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 Credit Union “Payment Center” on March 8, 2016. The following is a summary of the agency’s disposition of the petition:

The petition sought a declaratory statement from the Office on whether Petitioner’s proposed business activities (of offering a remittance service, without, charging a fee) fall within Florida’s money transmitting licensing statute Chapter 560, Florida Statutes. (560.204) On May 26, 2016, the Office issued a Final Order. Based on the facts as provided in the Petition, neither Petitioner nor its employees are required to obtain licensure under Chapter 560, Florida Statutes.

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:

https://real.flofr.com/ConsumerServices/SearchLegalDocuments/LDSearch.aspx#/searchLegalDocuments.