The proposed amendment to Rule 69V-560.302, F.A.C., requires applicants for renewal of Money Service Business (MSB) licensure to submit a nonrefundable fee, on or after October 1, 2013, of $12.00 for each person currently listed in the records of ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

RULE NO.:RULE TITLE:

69V-560.302Renewal Fees, Deadlines, and Requirements

PURPOSE AND EFFECT: The proposed amendment to Rule 69V-560.302, F.A.C., requires applicants for renewal of Money Service Business (MSB) licensure to submit a nonrefundable fee, on or after October 1, 2013, of $12.00 for each person currently listed in the records of the Office in question 5G of the application for licensure as a MSB, OFR-560-01, to cover the cost of fingerprint retention. Failure to remit the $12.00 fingerprint retention fee and the renewal fee prescribed in Section 560.141(2), F.S., by the license expiration date will automatically result in the license becoming expired. The proposed amendment also requires licensees to submit live-scan processing fingerprints to a live-scan vendor approved by the Florida Department of Law Enforcement for each person currently listed in the records of the Office in question 5G of the Application for Licensure as a Money Service Business, OFR-560-01, as required by Section 560.141(7), F.S.. The proposed amendment allows the Office of Financial Regulation to request additional information and documentation regarding the criminal background results and such information must be received by the Office within 45 days from the date of request.

SUBJECT AREA TO BE ADDRESSED: Consumer Finance – Renewal Fees, Deadlines, and Requirements.

RULEMAKING AUTHORITY: 560.105 FS.

LAW IMPLEMENTED: 560.143 FS.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE REGISTER.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Gregory C. Oaks, [phone], [e-mail]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS NOT AVAILABLE.