Florida Administrative Code

Any fee designated as a loan processing fee, not to exceed $200.00, on a motor vehicle retail installment contract shall be treated as a prepaid finance charge and disclosed as such pursuant to Section 520.07(2)(b), F.S. The loan processing fee together with other finance charges…

Rulemaking Authority 520.994(5) FS. Law Implemented 520.08 FS. History-New 2-10-98, Formerly 3D-50.080, Repealed 1-18-21.

Rulemaking Authority 520.994(5) FS. Law Implemented 520.07(3) FS. History-New 11-25-99, Formerly 3D-50.085, Repealed 2-15-23.

(1) Pursuant to Section 559.952(10), F.S., disciplinary guidelines applicable to each ground for disciplinary action that may be imposed by the Office against a person for a violation of Section 559.952, F.S., are hereby adopted. The disciplinary guidelines are contained in Offic…

(1) The following forms are incorporated by reference and adopted by this rule for the purposes of Rules 69V-559.1000-.800, F.A.C.: (a) Application for Licensure as a Financial Technology Sandbox Innovator, Form OFR-559-FTS-001, effective 02-2023, and available at http://www.flru…

(1) For purposes of this rule, "REAL System" means the Office of Financial Regulation's Regulatory Enforcement and Licensing System, which is accessible through the Office's website at www.flofr.gov. (2) All forms adopted under paragraphs 69V-559.1012(1)(a) through (1)(d), F.A.C.…

(1) To apply for licensure as a Financial Technology Sandbox Innovator, an applicant must submit: (a) An Application for Licensure as a Financial Technology Sandbox Innovator, Form OFR-559-FTS-001; (b) The initial application fee ($375) required by Section 560.143(1)(a), F.S., if…

(1) Upon review of all application information, if the Office determines that the application is complete, the applicant will be notified by email of the application completion date and the date the Office must approve or deny the license application. (2) Following a determinatio…

(1) A licensee that indicates in Question 1 of its initial application that it intends to offer a product or service under Part II of Chapter 560, F.S., and that commences operations at branch offices or through authorized vendors in this state, shall submit the following for eac…

In accordance with the Section 559.952(5)(g), F.S., and as applicable to the business entity's activities: (1) Each person licensed under Section 559.952, F.S., that proposes to change the information contained in any initial application form, including any document submitted as …

(1) In accordance with Sections 559.952(7)(a) and (b), F.S., a licensee who wishes to apply for one extension for 12 additional months may apply by submitting the following: (a) Financial Technology Sandbox Innovator Extension Request, Form OFR-559-FTS-003, no sooner than 180 day…

In accordance with Section 559.952(6)(c), F.S., the Office may enter into an agreement with a state, federal, or foreign regulatory agency to allow licensees under the Financial Technology Sandbox to make their products or services available in other jurisdictions. The agreement …

(1) In accordance with Section 559.952(8), F.S., after the first 180 days of licensure and every 180 days thereafter, so long as the license is active, each licensee shall submit a complete and accurate Bi-Annual Report to the Office by filing a Form OFR-559-FTS-004, Bi-Annual Re…

(1) A licensee offering products or services under Chapter 560, F.S., must maintain a minimum net worth at all times. The minimum net worth amount is determined based on the maximum number of consumers as authorized by the Office to receive the innovative financial product or ser…

(1) In accordance with Section 559.952(7)(c), F.S., written notification to consumers regarding the conclusion of the initial or extended sandbox period must be provided in the following manner: a. Electronic notification via email or text messages, provided the email address or …

(1) Pursuant to Section 560.1141, F.S., disciplinary guidelines applicable to each ground for disciplinary action that may be imposed by the Office against a person for a violation of Chapter 560 F.S., are hereby adopted. The disciplinary guidelines are contained in Office of Fin…

Rulemaking Authority 560.105(3) FS. Law Implemented 560.204, 560.303(1), 560.403 FS. History-New 9-24-97, Amended 11-4-01, Formerly 3C-560.101, Repealed 1-13-09.

(1) The following forms are incorporated by reference and readopted by this rule for the purposes of Rules 69V-560.102-.913, F.A.C.: (a) Application for Licensure as a Money Services Business, Form OFR-560-01, effective 07-01-2026, and available at http://flrules.org/Gateway/refe…

(1) For purposes of this rule, "REAL System" means the Office of Financial Regulation's Regulatory Enforcement and Licensing System, which is accessible through the Office's website at www.flofr.gov. (2) All forms adopted under paragraphs 69V-560.1012(1)(a) through (1)(d), (1)(g)…

(1) Applications for money service business licenses must be made in accordance with the provisions of Sections 560.1401, 560.141, 560.143, and 560.1115, F.S. Further, application for a money services business license involving payment instrument sales or money transmission must …

(1) Definitions. For purposes of this rule: (a) "Relevant persons" means each control person of the money services business applicant. If the applicant is a natural person, he or she is the relevant person under this rule. (b) "Trigger date" means the date on which an applicant w…

For the purposes of this chapter, the following definitions shall apply: (1) "FinCEN" means the Financial Crimes Enforcement Network of the United States Treasury Department. (2) "Holiday" means such days as are designated by Section 110.117, F.S. (3) "Quarter" and "quarterly" me…

Rulemaking Authority 560.105(3) FS. Law Implemented 560.205(2), 560.306, 560.307, 560.403 FS. History-New 9-24-97, Amended 11-4-01, Formerly 3C-560.104, Amended 7-15-07, Repealed 1-13-09.

Rulemaking Authority 560.105(3) FS. Law Implemented 560.109, 560.114, 560.205, 560.206, 560.306 FS. History-New 9-24-97, Amended 11-4-01, Formerly 3C-560.105, Amended 7-15-07, Repealed 1-13-09.

(1) Every licensee that commences operations at branch offices or through authorized vendors in this state shall: (a) File a completed Form OFR-560-02 (Location Notification Form) for each branch office or authorized vendor; (b) Submit the non-refundable fee for each branch offic…

(1) A person who seeks to act as a deferred presentment provider shall: (a) Be licensed pursuant to Part II or Part III of chapter 560, F.S., and must at all times thereafter remain licensed pursuant to part II or Part III; and, (b) Submit a completed Form OFR-560-03 (Declaration…

(1) Written notices required under Section 560.126(1)(a) through (g), F.S., shall be sent by registered mail to: Office of Financial Regulation, Division of Consumer Finance, 200 East Gaines Street, Tallahassee, FL 32399-0376. (2) Each person licensed under Chapter 560, F.S., tha…

Rulemaking Authority 560.105(3) FS. Law Implemented 560.109, 560.114, 560.127, 560.205, 560.206, 560.306 FS. History-New 9-24-97, Amended 11-4-01, Formerly 3C-560.202, Repealed 7-15-07.

Rulemaking Authority 560.105(3) FS. Law Implemented 560.207, 560.308, 560.403 FS. History-New 9-24-97, Amended 11-4-01, Formerly 3C-560.301, Repealed 7-15-07.

(1) Chapter 560, F.S., licenses must be renewed in accordance with the provisions of Sections 560.142 and 560.1115, F.S. (2) If the Office does not receive the renewal fees required in Section 560.143(2), F.S., and Money Services Business Attestation Form, Form OFR-560-10, on or …

Rulemaking Authority 560.105(3) FS. Law Implemented 560.114(1), 560.205(2), (3), 560.207, 560.305, 560.308 FS. History-New 9-24-97, Amended 11-4-01, Formerly 3C-560.303, Amended 9-4-06, Repealed 7-15-07.

Rulemaking Authority 560.105(3) FS. Law Implemented 560.207, 560.308, 560.403 FS. History-New 9-24-97, Amended 11-4-01, Formerly 3C-560.304, Repealed 7-15-07.

Rulemaking Authority 560.105(3) FS. Law Implemented 560.209 FS. History-New 9-24-97, Formerly 3C-560.401, Repealed 1-13-09.

After completing one full year of licensure, each licensee shall annually file Form OFR-560-07, Security Device Calculation Form, which is incorporated by reference in Rule 69V-560.1012, F.A.C., with the Office by January 31st of each calendar year for the preceding calendar year…

Rulemaking Authority 560.105 FS. Law Implemented 560.209 FS. History-New 9-24-97, Formerly 3C-560.403, Amended 1-13-09, Repealed 11-27-19.

Rulemaking Authority 560.105(3) FS. Law Implemented 560.118 FS. History-New 9-24-97, Formerly 3C-560.501, Repealed 1-13-09.

(1) This rule establishes rates for reimbursement to the Office for examination and per diem and travel expenses for examinations of licensees conducted by Office examiners under Sections 560.1091 and 560.1092, F.S. (2) Fees for examiner time shall be calculated at the rate of $2…

(1) This rule establishes rates for reimbursement to the Office for examination and per diem and travel expenses for examinations of licensees conducted by third party contractors under Sections 560.1091 and 560.1092, F.S. Rates will be the direct charges billed to the Office by …

Rulemaking Authority 560.105(3) FS. Law Implemented 560.118(2) FS. History-New 9-24-97, Amended 12-30-98, 11-4-01, Formerly 3C-560.601, Repealed 1-13-09.

(1) Every money services business licensed pursuant to Chapter 560, F.S., shall submit an accurate quarterly report to the Office by filing a completed Form OFR-560-04, Money Services Business Quarterly Report Form, electronically through the Office's REAL System at www.flofr.gov…

Rulemaking Authority 560.105(3), 560.118(2)(b) FS. Law Implemented 560.118(2), 560.123 FS. History-New 9-24-97, Amended 12-30-98, 11-4-01, Formerly 3C-560.603, Repealed 7-15-07.

Rulemaking Authority 560.105(3), 560.118(2)(b) FS. Law Implemented 560.118(2), 560.123, 560.210 FS. History-New 9-24-97, Amended 11-4-01, Formerly 3C-560.604, Repealed 7-15-07.

Rulemaking Authority 560.105(3), 560.118(2)(b) FS. Law Implemented 560.118(2), 560.123, 560.210 FS. History-New 9-24-97, Amended 11-4-01, Formerly 3C-560.605, Amended 7-15-07.

(1) Each licensed money transmitter and payment instrument seller shall annually submit financial audit reports to the Office in accordance with Section 560.209(2), F.S., for the licensee's most recent fiscal year. (2) Annual financial audit reports must be received by the Office…

Rulemaking Authority 560.105(3), 560.118(2) FS. Law Implemented 560.118(2) FS. History-New 11-4-01, Formerly 3C-560.607, Repealed 7-15-07.

Currency Transaction Reports, required by Section 560.123, F.S., must be filed with FinCEN using FinCEN Form 112, which is incorporated by reference in Rule 69V-560.1012, F.A.C. Reports filed in this manner shall be deemed to have also been filed with the Office. Rulemaking Autho…

(1) Pursuant to Section 560.1235(1), F.S., licensees and authorized vendors must comply with all state and federal laws and rules relating to the detection and prevention of money laundering, including, as applicable, 31 C.F.R. s. 1022.320, relating to reports by money services b…