TouchPay Holdings, LLC dba GTL Financial Services.; On 9/11/2018, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from TouchPay Holdings, LLC. The petition seeks a declaratory statement ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Florida Office of Financial Regulation has received the petition for declaratory statement from TouchPay Holdings, LLC dba GTL Financial Services. The petition seeks the agency’s opinion as to the applicability of Chapter 560, Florida Statutes, as it applies to the petitioner.

On 9/11/2018, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from TouchPay Holdings, LLC. The petition seeks a declaratory statement from the Office “that, for purposes of subsection 560. 210(1), Florida Statutes, (1) any cash that is in transit from a Florida correctional facility to Petitioner and any cash that is held in any Petitioner-owned kiosk at a Florida correctional facility is cash and are therefore permissible investments, (ii) credit card receivables payable to Petitioner (i.e., money owed to Petitioner for transferring funds to an inmate) are permissible investments, and (iii) surety bonds held by Petitioner are permissible investments.”

A copy 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].

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