The purpose and effect of the amended rule are to remove the disciplinary guidelines as found in the rule and to transfer the disciplinary guidelines provisions to a form incorporated into the rule entitled "Office of Financial Regulation, Division ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

RULE NOS.:RULE TITLES:

69V-560.1000Disciplinary Guidelines

69V-560.1012Adoption of Forms

69V-560.1013Electronic Filing of Forms and Fees

69V-560.102Application or Appointment Procedures and Requirements

69V-560.103Definitions

69V-560.302Renewal Fees, Deadlines, and Requirements

69V-560.504Reimbursement Rates for Examinations Conducted by the Office

69V-560.505Reimbursement Rates for Examinations Conducted by a Third Party

69V-560.602Quarterly Reports

69V-560.606Annual Filing of Financial Audit Reports by Part II Licensees

69V-560.608Currency Transaction Report Filings

69V-560.609Suspicious Activity Report Filings

69V-560.610Report of International Transportation of Currency or Monetary Instruments

69V-560.702Payment Instrument Sellers

69V-560.703Money Transmitters

69V-560.704Records to Be Maintained by Check Cashers

69V-560.7041Check Cashing Database Access

69V-560.7042Check Cashing Database Access Transaction Requirements

69V-560.7043Check Cashing Database Availability

69V-560.705Foreign Currency Exchangers

69V-560.804Payment Method

PURPOSE AND EFFECT: The purpose and effect of the amended rule are to remove the disciplinary guidelines as found in the rule and to transfer the disciplinary guidelines provisions to a form incorporated into the rule entitled "Office of Financial Regulation, Division of Consumer Finance, Disciplinary Guidelines for Money Services Businesses," to amend the section specifying the mitigating and aggravating factors the Office shall consider in determining appropriate penalties, to delete and amend definition language, to remove provisions allowing for extra calculated time for dates falling on the weekend or legal holidays, to amend reimbursement rates for examinations, to clarify the records required to be maintained related to inbound and outbound transmissions, to update citations to federal laws and rules, to clarify the documents required to be maintained in customer files, to specify documents required to be submitted into the check cashing database, to delete the requirement for an electronic check cashing log, to specify access to the check cashing database, to specify check cashing database transaction requirements, to specify check cashing database availability, and to delete requirements related to payment method.

SUBJECT AREA TO BE ADDRESSED: Consumer Finance.

RULEMAKING AUTHORITY: 215.405, 560.105, 560.1091, 560.1092, 560.118, 560.123, 560.126, 560.141, 560.1141, 560.2085, 560.205, 560.209, 560.309, 560.310, 560.403, 560.404 FS.

LAW IMPLEMENTED: 215.405, 560.103, 560.105, 560.109, 560.1091, 560.1092, 560.1105, 560.111, 560.114, 560.1141, 560.118, 560.123, 560.1235, 560.125, 560.126, 560.128, 560.1401, 560.141, 560.142, 560.143, 560.204, 560.205, 560.208, 560.2085, 560.209, 560.210, 560.211, 560.213, 560.302, 560.303, 560.309, 560.310, 560.403, 560.404, 560.405, 560.406, 943.053 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: Sheila Harley, [phone], [e-mail]

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