Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69V - Finance › Chapter 69V-85 - RETAIL INSTALLMENT SALES ACT - GENERAL RULES › Section 69V-85.003 - Branch Application Forms, Fees, Procedures and Requirements

Current through Reg. 50, No. 138; July 16, 2024
(1) Every licensee under Chapter 520, F.S.,
				that conducts business in a branch office shall apply for a license to operate
				a branch office using Form OFR-520-02, Application for Branch Office License,
				revised 12/20/2007, which is hereby incorporated by reference and available on
				the Office's website at
www.flofr.gov
and by
				mail from the Office of Financial Regulation, 200 East Gaines Street,
				Tallahassee, Florida 32399-0376. Any office or location shall be deemed to be a
				branch office if the name or advertising of a licensee is displayed in such a
				manner as to reasonably lead the public to believe that such business may be
				conducted at such office, location, or advertised address. If a motor vehicle
				retail installment seller licensed under Section
				520.03, F.S., has more than one
				location in the same county, only one license is required for that
				county.
(2) The statutory,
				non-refundable application fee for an initial branch office license required by
				Sections 520.03,
				520.32,
				520.52 and
				520.63, F.S., as applicable,
				shall be the fee for the biennial period beginning January 1 of each
				odd-numbered year or any part thereof.
(3) Request for Additional Information. Any
				request for additional information will be made by the Office of Financial
				Regulation within thirty (30) calendar days after receipt of the application by
				the Office of Financial Regulation. The additional information must be received
				by the Office of Financial Regulation within forty-five (45) calendar days
				after the date of the request. The Office will grant a request for an
				additional forty-five (45) days to submit the additional information. The
				Office will not grant a request after the original forty-five (45) day deadline
				has passed. Failure to provide timely all additional information shall result
				in the application being deemed abandoned, which will result in the application
				being removed from further consideration by the Office and closed.
(4) Amendments to Pending Applications. If
				the information contained in any application form for branch office license, or
				any amendment thereto, becomes inaccurate for any reason, the applicant shall
				file an amendment correcting such information within thirty (30) days after the
				change on Form OFR-520-02. An applicant may amend the application as to those
				factors generally within the control or selection of the applicant once, as a
				matter of course, at any time within thirty (30) days from receipt of the
				application by the Office. Otherwise, the application may be amended only with
				prior written permission from the Office of Financial Regulation. Requests to
				make changes that are material to the application shall be deemed by the Office
				of Financial Regulation to be grounds for denial, and a new application,
				accompanied by the appropriate filing fee, shall be required. Material changes
				include the substitution or addition of an ultimate equitable owner of 10% or
				greater interest, a chief executive officer, a chief financial officer, a chief
				operations officer, a chief legal officer, a chief compliance officer, a
				control person, a member, a partner, or a joint venturer. Form OFR-520-02 is
				incorporated by reference in subsection
				69V-85.003(1),
				F.A.C.
(5) Withdrawal of
				Application. An applicant may request withdrawal of an application prior to a
				determination of the application being made by the Office of Financial
				Regulation by submitting a written request that the application be withdrawn.
				Withdrawals will be deemed effective upon receipt by the Office.
(6) Refunds. If the application is withdrawn
				or denied, all fees are non-refundable.
(7) Upon approval of an application, a
				license will be issued for the remainder of the biennial licensure
				period.
Rulemaking Authority
					 520.03(2),
					 520.32(2),
					 520.52(2),
					 520.63(2),
					 520.994(5) FS. Law Implemented 520.03(2), 520.32(2), 520.52(2), 520.63(2)
					 FS.
New 12-20-07, Amended
					 1-18-21.