Texas G & S Investments, Inc.; "On 8/3/2017 a Final Order on Petition for Declaratory Statement was issued. The facts provided in the Petition are inadequate for the Office to make a determination whether Petitioner's activities would require a ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Florida Office of Financial Regulation has declined to rule on the petition for declaratory statement filed by Texas G & S Investments, Inc. on May 18, 2017. The following is a summary of the agency’s declination of the petition:

“On 8/3/2017 a Final Order on Petition for Declaratory Statement was issued. The facts provided in the Petition are inadequate for the Office to make a determination whether Petitioner’s activities would require a money services business license. The petition fails to describe in sufficient detail the nature of the transaction between Petitioner, Petitioner’s client, and the Mexican bank. In the absence of additional factual information about Petitioner’s business model, the Office risks issuing an erroneous, or at best ambiguous, statement concerning the applicability of Chapter 560, Florida Statutes, to Petitioner.”

A copy of the Order Declining 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: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail].