Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-560 - MONEY TRANSMITTERS › Section 69V-560.201 - Amendments, Change of Name, Change of Entity and Change in Control or Ownership

Current through Reg. 50, No. 138; July 16, 2024
(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., that proposes to change the information contained in any initial
				application form or any amendment thereto, must file an amendment pursuant to
				Section 560.126, F.S., not later than
				thirty (30) days after the effective date of the change by submitting an
				Application for Licensure as Money Services Business, Form OFR-560-01, through
				the Office's REAL System in accordance with Rule
				69V-560.1013, F.A.C.
(3) Each person licensed under Chapter 560,
				F.S., that proposes to change any personnel listed in question 5G of Form
				OFR-560-01 that does not result in a change of controlling interest in the
				licensee, shall file an amendment on or before the effective date of the change
				or within two (2) business days after the date the licensee first received
				notice of the change. Persons not currently on file with the Office that have
				not complied with Section
				560.141(1)(c),
				F.S., must comply with the fingerprinting requirements contained
				therein.
(4) Where a person or
				group of persons directly or indirectly or acting by or through one or more
				persons, proposes to acquire a controlling interest in a money services
				business licensee, such person or group shall file with the Office, no later
				than thirty (30) days prior to the date of such acquisition, a new application
				pursuant to Rule 69V-560.102, F.A.C., together
				with all required exhibits and fees. Additionally, the applicant shall file
				with the Office, at the time the new application is filed, a notice of
				termination of licensure of the acquired entity on Form OFR-560-01, effective
				upon disposition of the new application by the Office.
(5) A licensee required to file a new
				application as a result of an acquisition of a controlling interest pursuant to
				Section 560.126(3)(a),
				F.S., must also file new location forms (Form OFR-560-02) and applicable fees
				up to a maximum of $20,000 for all existing locations on file with the Office
				at the time of filing the new application in subsection (4) of this rule and a
				Declaration of Intent to Engage in Deferred Presentment Transactions (Form
				OFR-560-03) and applicable fee if currently engaged in deferred presentment
				transactions.
(6) The Office shall
				waive the requirement for a licensee to file a new application pursuant to
				Section 560.126(3)(a),
				F.S.:
(a) When a person or group of persons
				proposing to purchase or acquire a controlling interest in a licensee has
				previously complied with the applicable provisions of Section
				560.141, F.S., concerning a
				money services business currently licensed with the Office, provided that such
				person is currently affiliated with the money services business; or
(b) When the acquirer is currently licensed
				with the Office as a money services business.