16271088, 69V-560.1000 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 16271088

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

MONEY TRANSMITTERS

Overview

RULE:

69V-560.1000	Disciplinary Guidelines
69V-560.1012	Adoption of Forms
69V-560.1013	Electronic Filing of Forms and Fees
69V-560.102	Application or Appointment Procedures and Requirements
69V-560.103	Definitions
69V-560.302	Renewal Fees, Deadlines, and Requirements
69V-560.504	Reimbursement Rates for Examinations Conducted by the Office
69V-560.505	Reimbursement Rates for Examinations Conducted by a Third Party
69V-560.602	Quarterly Reports
69V-560.606	Annual Filing of Financial Audit Reports by Part II Licensees
69V-560.608	Currency Transaction Report Filings
69V-560.609	Suspicious Activity Report Filings
69V-560.610	Report of International Transportation of Currency or Monetary Instruments
69V-560.702	Payment Instrument Sellers
69V-560.703	Money Transmitters
69V-560.704	Records to Be Maintained by Check Cashers
69V-560.7041	Check Cashing Database Access
69V-560.7042	Check Cashing Database Access Transaction Requirements
69V-560.7043	Check Cashing Database Availability
69V-560.705	Foreign Currency Exchangers
69V-560.804	Payment Method

PURPOSE:

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:

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

LAW:

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

PRINT PUBLISH DATE:

7/28/2015 Vol. 41/145

RELATED STATUTES
AND LAWS:

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, 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

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://www.flrules.org/gateway/ruleno.asp?id=69V-560.1000&PDate=7/28/2015&Section=1

REFERENCE MATERIALS:

No reference(s).

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