20-108.009. Treatment of Persons Protected Under the Bankruptcy Act

(1) The Commission shall not deny a license application nor place conditions upon the license of any applicant solely because such applicant, or another person with whom the applicant has been associated, is or has been a debtor under the Bankruptcy Reform Act of 1978 (Pub.L. 95-598, 92 Stat. 2549, November 6, 1978). However, nothing herein shall prohibit the Commission from the consideration of other factors, such as future financial responsibility or method and manner of doing business.

(2) Where an applicant’s license is conditioned upon doing business on a “cash only” basis, a bond or a certificate of deposit in excess of the schedule in subsection 20-108.004(1), F.A.C., shall not be required unless the Commission has reason to believe that the applicant may violate such condition of his license. In making such determination, the Commission shall consider applicant’s reputation as shown by past and current activities, including his method and manner of doing business.

Rulemaking Authority 601.10(1), (7), 601.56 FS. Law Implemented 601.03(8), 601.10(1), (5), (7), 601.57, 601.58, 601.60, 601.61(1) FS. History–New 1-11-89, Repromulgated 4-23-95, Amended 1-28-13.