Consumer Credit Counseling Service of Puerto Rico, Inc.,; The petition seeked a declaratory statement from the Office on whether Petitioner’s business activities (to help debtors create a plan for payment and/or adjustment of their debts, and to ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that on September 10, 2015 the Office of Financial Regulation has declined to rule on the petition for declaratory statement filed by Consumer Credit Counseling Service of Puerto Rico, Inc., on June 16, 2015. The following is a summary of the agency's declination of the petition:

The petition sought a declaratory statement from the Office on whether Petitioner’s business activities (to help debtors create a plan for payment and/or adjustment of their debts, and to obtain the agreement of creditors to accept payment under that plan) fall within Florida’s money transmitting licensing statute Chapter 560, Florida Statutes. A declaratory statement is not available to Petitioner because Petitioner is seeking approval of acts which have already occurred or are ongoing. Petitioner currently operates in Florida and performs the aforementioned activities. Any further analysis is unnecessary and the Office therefore makes no determination regarding the merits of Petitioner's arguments. Based on the foregoing Findings of Fact and Conclusions of Law, Petitioner, Consumer Credit Counseling Service of Puerto Rico, Inc., request for Declaratory Statement is hereby denied.

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].

Please refer all comments to: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone].