reglab/housing_qa huggingface dataset:
FL Stat § 560.1235 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part I - General Provisions (Ss. 560.103-560.144)|560.1235 - Anti-money laundering requirements.

560.1235 Anti-money laundering requirements.—(1) A licensee and authorized vendor must comply with all state and federal laws and rules relating to the detection and prevention of money laundering, including, as applicable, s. 560.123, and 31 C.F.R. ss. 1010.306, 1010.311, 1010.312, 1010.313, 1010.340, 1010.410, 1010.415, 1022.320, 1022.380, and 1022.410.(2) A licensee and authorized vendor must maintain an anti-money laundering program in accordance with 31 C.F.R. s. 1022.210. The program must be reviewed and updated as necessary to ensure that the program continues to be effective in detecting and deterring money laundering activities.(3) A licensee must comply with United States Treasury Interpretive Release 2004-1.History.—s. 18, ch. 2008-177; s. 3, ch. 2014-81.
FL Stat § 560.124 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part I - General Provisions (Ss. 560.103-560.144)|560.124 - Sharing of information.

560.124 Sharing of information.—Any person may provide to a money services business, authorized vendor, law enforcement agency, prosecutorial agency, or appropriate regulator, or any money services business, authorized vendor, law enforcement agency, prosecutorial agency, or appropriate regulator may provide to any person, information about any person’s known or suspected involvement in a violation of any state, federal, or foreign law, rule, or regulation relating to the business of a money services business or deferred presentment provider which has been reported to state, federal, or foreign authorities, and is not liable in any civil action for providing such information.History.—s. 1, ch. 94-238; s. 1, ch. 94-354; s. 19, ch. 2008-177; s. 68, ch. 2009-21.
FL Stat § 560.127 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part I - General Provisions (Ss. 560.103-560.144)|560.127 - Control of a money services business.

560.127 Control of a money services business.—A person has a controlling interest in a money services business if the person:(1) Possesses the power, directly or indirectly, to direct the management or policies of the money services business, whether through ownership, by contract, or otherwise;(2) Directly or indirectly may vote 25 percent or more of a class of a voting security or sell or direct the sale of 25 percent or more of a class of voting securities; or(3) In the case of a partnership, may receive upon dissolution or has contributed 25 percent or more of the capital.History.—s. 1, ch. 94-238; s. 1, ch. 94-354; s. 707, ch. 2003-261; s. 57, ch. 2006-213; s. 22, ch. 2008-177.
FL Stat § 560.128 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part I - General Provisions (Ss. 560.103-560.144)|560.128 - Customer contacts; license display.

560.128 Customer contacts; license display.—(1) A money services business and authorized vendor must provide each customer with a toll-free telephone number for the purpose of contacting the money services business or authorized vendor or, in lieu of a toll-free telephone number, the address and telephone number of the office may be provided.(2) The commission may by rule require a licensee to display its license at each location where the licensee engages in the activities authorized by the license.History.—s. 1, ch. 94-238; s. 1, ch. 94-354; s. 5, ch. 97-59; s. 708, ch. 2003-261; s. 23, ch. 2008-177.
FL Stat § 560.1401 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part I - General Provisions (Ss. 560.103-560.144)|560.1401 - Licensing standards.

560.1401 Licensing standards.—To qualify for licensure as a money services business under this chapter, an applicant must:(1) Demonstrate to the office the character and general fitness necessary to command the confidence of the public and warrant the belief that the money services business or deferred presentment provider shall be operated lawfully and fairly.(2) Be legally authorized to do business in this state.(3) Be registered as a money services business with the Financial Crimes Enforcement Network as required by 31 C.F.R. s. 1022.380, if applicable.(4) Have an anti-money laundering program in place which meets the requirements of 31 C.F.R. s. 1022.210.(5) Provide the office with all the information required under this chapter and related rules.History.—s. 25, ch. 2008-177; s. 5, ch. 2014-81.
FL Stat § 560.142 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part I - General Provisions (Ss. 560.103-560.144)|560.142 - License renewal.

560.142 License renewal.—(1) A license may be renewed for a subsequent 2-year period by furnishing such application as required by rule, together with the payment of a nonrefundable renewal fee as provided under s. 560.143, on or before the license expiration date, or for the remainder of any such period without proration following the date of license expiration.(2) In addition to the renewal fee, each part II licensee must pay a 2-year nonrefundable renewal fee as provided in s. 560.143 for each authorized vendor or location operating within this state.(3) A licensee who has on file with the office a declaration of intent to engage in deferred presentment transactions may renew a declaration upon license renewal by submitting a nonrefundable deferred presentment provider renewal fee as provided in s. 560.143.(4) If a license or declaration of intent to engage in deferred presentment transactions expires, the license or declaration of intent may be reinstated only if a renewal application or declaration of intent, all required renewal fees, and any applicable late fees are received by the office within 60 days after expiration. If not submitted within 60 days, the license or declaration of intent expires and a new license application or declaration of intent must be filed with the office pursuant to this chapter.(5) The commission may adopt rules to administer this section.History.—s. 27, ch. 2008-177; s. 70, ch. 2009-21.
FL Stat § 560.143 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part I - General Provisions (Ss. 560.103-560.144)|560.143 - Fees.

560.143 Fees.—(1) LICENSE APPLICATION FEES.—The applicable non-refundable fees must accompany an application for licensure:(a) Part II..........$375.(b) Part III..........$188.(c) Per branch office..........$38.(d) For each location of an authorizedvendor..........$38.(e) Declaration as a deferred presentmentprovider..........$1,000.(f) Fingerprint retention fees as prescribed by rule.(g) License application fees for branch offices and authorized vendors are limited to $20,000 when such fees are assessed as a result of a change in controlling interest as defined in s. 560.127.(2) LICENSE RENEWAL FEES.—The applicable non-refundable license renewal fees must accompany a renewal of licensure:(a) Part II..........$750.(b) Part III..........$375.(c) Per branch office..........$38.(d) For each location of an authorizedvendor..........$38.(e) Declaration as a deferred presentmentprovider..........$1,000.(f) Renewal fees for branch offices and authorized vendors are limited to $20,000 biennially.(g) Fingerprint retention fees as prescribed by rule.(3) LATE LICENSE RENEWAL FEES.—(a) Part II..........$500.(b) Part III..........$250.(c) Declaration as a deferred presentmentprovider..........$500.History.—s. 28, ch. 2008-177; s. 71, ch. 2009-21; s. 3, ch. 2009-185; s. 5, ch. 2013-201.
FL Stat § 560.144 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part I - General Provisions (Ss. 560.103-560.144)|560.144 - Deposit of fees and assessments.

560.144 Deposit of fees and assessments.—License application fees, license renewal fees, late payment penalties, civil penalties, administrative fines, and other fees, costs, or penalties provided for in this chapter shall be paid directly to the office, which shall deposit such proceeds into the Regulatory Trust Fund and use the proceeds to pay the costs of the office as necessary to carry out its responsibilities under this chapter.History.—s. 1, ch. 94-238; s. 1, ch. 94-354; s. 5, ch. 2001-119; s. 702, ch. 2003-261; s. 15, ch. 2008-177.Note.—Former s. 560.119.
FL Stat § 560.203 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part II - Payment Instruments and Funds Transmission (Ss. 560.203-560.213)|560.203 - Exemptions from licensure.

560.203 Exemptions from licensure.—Authorized vendors of a licensee acting within the scope of authority conferred by the licensee are exempt from licensure but are otherwise subject to the provisions of this chapter.History.—s. 2, ch. 94-238; s. 2, ch. 94-354; s. 29, ch. 2008-177.
FL Stat § 560.204 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part II - Payment Instruments and Funds Transmission (Ss. 560.203-560.213)|560.204 - License required.

560.204 License required.—(1) Unless exempted, a person may not engage in, or in any manner advertise that they engage in, the selling or issuing of payment instruments or in the activity of a money transmitter, for compensation, without first obtaining a license under this part. For purposes of this section, “compensation” includes profit or loss on the exchange of currency.(2) A licensee under this part may also engage in the activities authorized under part III of this chapter without the imposition of any additional licensing fees.History.—s. 2, ch. 94-238; s. 2, ch. 94-354; s. 6, ch. 2001-119; s. 30, ch. 2008-177.
FL Stat § 560.205 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part II - Payment Instruments and Funds Transmission (Ss. 560.203-560.213)|560.205 - Additional license application requirements.

560.205 Additional license application requirements.—In addition to the license application requirements under part I of this chapter, an applicant seeking a license under this part must also submit to the office:(1) A sample authorized vendor contract, if applicable.(2) A sample form of payment instrument, if applicable.(3) Documents demonstrating that the net worth and bonding requirements specified in s. 560.209 have been fulfilled.(4) A copy of the applicant’s financial audit report for the most recent fiscal year. If the applicant is a wholly owned subsidiary of another corporation, the financial audit report on the parent corporation’s financial statements shall satisfy this requirement.History.—s. 2, ch. 94-238; s. 2, ch. 94-354; s. 6, ch. 97-59; s. 10, ch. 2000-360; s. 7, ch. 2001-119; s. 711, ch. 2003-261; s. 58, ch. 2006-213; s. 31, ch. 2008-177.
FL Stat § 560.208 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part II - Payment Instruments and Funds Transmission (Ss. 560.203-560.213)|560.208 - Conduct of business.

560.208 Conduct of business.—In addition to the requirements specified in s. 560.1401, a licensee under this part:(1) May conduct its business at one or more locations within this state through branches or by means of authorized vendors, as designated by the licensee, including the conduct of business through electronic transfer, such as by the telephone or the Internet.(2) Notwithstanding and without violating s. 501.0117, may charge a different price for a money transmitter service based on the mode of transmission used in the transaction as long as the price charged for a service paid for with a credit card is not more than the price charged when the service is paid for with currency or other similar means accepted within the same mode of transmission.(3) Is responsible for the acts of its authorized vendors in accordance with the terms of its written contract with the vendor.(4) Shall place assets that are the property of a customer in a segregated account in a federally insured financial institution and shall maintain separate accounts for operating capital and the clearing of customer funds.(5) Shall, in the normal course of business, ensure that money transmitted is available to the designated recipient within 10 business days after receipt.(6) Shall immediately upon receipt of currency or payment instrument provide a confirmation or sequence number to the customer verbally, by paper, or electronically.History.—s. 2, ch. 94-238; s. 2, ch. 94-354; s. 10, ch. 2001-119; s. 714, ch. 2003-261; s. 5, ch. 2004-85; s. 32, ch. 2008-177.
FL Stat § 560.2085 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part II - Payment Instruments and Funds Transmission (Ss. 560.203-560.213)|560.2085 - Authorized vendors.

560.2085 Authorized vendors.—A licensee under this part shall:(1) Within 60 days after an authorized vendor commences business, file with the office such information as prescribed by rule together with the nonrefundable location fee as provided by s. 560.143. This requirement applies to vendors who are also terminated within the 60-day period.(2) Enter into a written contract, signed by the licensee and the authorized vendor, which:(a) Sets forth the nature and scope of the relationship between the licensee and the authorized vendor, including the respective rights and responsibilities of the parties; and(b) Includes contract provisions that require the authorized vendor to:1. Report to the licensee, immediately upon discovery, the theft or loss of currency received for a transmission or payment instrument;2. Display a notice to the public, in such form as prescribed by rule, that the vendor is the authorized vendor of the licensee;3. Remit all amounts owed to the licensee for all transmissions accepted and all payment instruments sold in accordance with the contract between the licensee and the authorized vendor;4. Hold in trust all currency or payment instruments received for transmissions or for the purchase of payment instruments from the time of receipt by the licensee or authorized vendor until the time the transmission obligation is completed;5. Not commingle the money received for transmissions accepted or payment instruments sold on behalf of the licensee with the money or property of the authorized vendor, except for making change in the ordinary course of the vendor’s business, and ensure that the money is accounted for at the end of the business day;6. Consent to examination or investigation by the office;7. Adhere to the applicable state and federal laws and rules pertaining to a money services business; and8. Provide such other information or disclosure as may be required by rule.(3) Develop and implement written policies and procedures to monitor compliance with applicable state and federal law by its authorized vendors.History.—s. 33, ch. 2008-177; s. 4, ch. 2009-185.
FL Stat § 560.210 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part II - Payment Instruments and Funds Transmission (Ss. 560.203-560.213)|560.210 - Permissible investments.

560.210 Permissible investments.—(1) A licensee must at all times possess permissible investments with an aggregate market value, calculated in accordance with generally accepted accounting principles, of at least the aggregate face amount of all outstanding money transmissions and payment instruments issued or sold by the licensee or an authorized vendor in the United States. As used in this section, permissible investments include:(a) Cash.(b) Certificates of deposit or other deposit liabilities of a domestic or foreign financial institution.(c) Bankers’ acceptances eligible for purchase by member banks of the Federal Reserve System.(d) An investment bearing a rating of one of the three highest grades as defined by a nationally recognized rating service of such securities.(e) Investment securities that are obligations of the United States, its agencies or instrumentalities, or obligations that are guaranteed fully as to principal and interest by the United States, or any obligations of any state or municipality, or any political subdivision thereof.(f) Shares in a money market mutual fund.(g) A demand borrowing agreement or agreements made to a corporation or a subsidiary of a corporation whose capital stock is listed on a national exchange.(h) Receivables that are due to a licensee from the licensee’s authorized vendors except those that are more than 90 days past due or are doubtful of collection.(i) Any other investment approved by rule.(2) Notwithstanding any other provision of this part, the office, with respect to any particular licensee or all licensees, may limit the extent to which any class of permissible investments may be considered a permissible investment, except for cash and certificates of deposit.(3) The office may waive the permissible investments requirement if the dollar value of a licensee’s outstanding payment instruments and money transmitted do not exceed the bond or collateral deposit posted by the licensee under s. 560.209.History.—s. 2, ch. 94-238; s. 2, ch. 94-354; s. 716, ch. 2003-261; s. 60, ch. 2006-213; s. 35, ch. 2008-177.
FL Stat § 560.211 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part II - Payment Instruments and Funds Transmission (Ss. 560.203-560.213)|560.211 - Required records.

560.211 Required records.—(1) In addition to the record retention requirements under s. 560.1105, each licensee under this part must make, keep, and preserve the following books, accounts, records, and documents for 5 years:(a) A daily record of payment instruments sold and money transmitted.(b) A general ledger containing all asset, liability, capital, income, and expense accounts, which shall be posted at least monthly.(c) Daily settlement records received from authorized vendors.(d) Monthly financial institution statements and reconciliation records.(e) Records of outstanding payment instruments and money transmitted.(f) Records of each payment instrument paid and money transmission delivered.(g) A list of the names and addresses of all of the licensee’s authorized vendors.(h) Records that document the establishment, monitoring, and termination of relationships with authorized vendors and foreign affiliates.(i) Any additional records, as prescribed by rule, designed to detect and prevent money laundering.(2) Any person who willfully fails to comply with this section commits a felony of the third degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084.History.—s. 2, ch. 94-238; s. 2, ch. 94-354; s. 11, ch. 2000-360; s. 717, ch. 2003-261; s. 61, ch. 2006-213; s. 36, ch. 2008-177.
FL Stat § 560.212 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part II - Payment Instruments and Funds Transmission (Ss. 560.203-560.213)|560.212 - Financial liability.

560.212 Financial liability.—A licensee under this part is liable for the payment of all money transmitted and payment instruments that it sells, in whatever form and whether directly or through an authorized vendor, as the maker, drawer, or principal thereof, regardless of whether such item is negotiable or nonnegotiable.History.—s. 2, ch. 94-238; s. 2, ch. 94-354; s. 37, ch. 2008-177.
FL Stat § 560.213 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part II - Payment Instruments and Funds Transmission (Ss. 560.203-560.213)|560.213 - Payment instrument information.

560.213 Payment instrument information.—Each payment instrument sold or issued by a licensee, directly or through an authorized vendor, must bear the name of the licensee, and any other information as may be required by rule, clearly imprinted thereon.History.—s. 2, ch. 94-238; s. 2, ch. 94-354; s. 38, ch. 2008-177.
FL Stat § 560.303 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part III - Check Cashing and Foreign Currency Exchange (Ss. 560.303-560.312)|560.303 - License required.

560.303 License required.—(1) A person may not engage in, or in any manner advertise engagement in, the business of cashing payment instruments or exchanging foreign currency without being licensed under this part.(2) A person licensed under this part may not engage directly in the activities that require a license under part II of this chapter but may be an authorized vendor for a person licensed under part II.(3) A person exempt from licensure under this part engaging in the business of cashing payment instruments or the exchanging of foreign currency may not charge fees in excess of those provided in s. 560.309.History.—s. 3, ch. 94-238; s. 3, ch. 94-354; s. 39, ch. 2008-177.
FL Stat § 560.304 (2021)
2021 Florida Statutes|Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations|Chapter 560 - Money Services Businesses|Part III - Check Cashing and Foreign Currency Exchange (Ss. 560.303-560.312)|560.304 - Exemption from licensure.

560.304 Exemption from licensure.—The requirement for licensure under this part does not apply to a person cashing payment instruments that have an aggregate face value of less than $2,000 per person per day and that are incidental to the retail sale of goods or services whose compensation for cashing payment instruments at each site does not exceed 5 percent of the total gross income from the retail sale of goods or services by such person during the last 60 days.History.—s. 3, ch. 94-238; s. 3, ch. 94-354; s. 40, ch. 2008-177.