Ask Reggi Your Question Now
Can you summarize FLCL 560.141?
GENERAL PROVISIONS (ss. 560.103-560.144) > License application.
Short Summary
This legal document outlines the requirements for applying for a license as a money services business under the Florida Statutes. The applicant must submit an application form with various information, including their legal name, address, formation details, control person details, organizational structure, history of operations, and other specified information. The applicant must also pay a nonrefundable application fee and provide fingerprints for each person listed in the application. However, publicly traded corporations and those exempted under s. 560.104(1) are not required to submit fingerprints. The applicant must also provide a copy of their written anti-money laundering program and any additional information needed to resolve deficiencies in the application. If the applicant meets the qualifications and requirements, the office will issue a license for a maximum duration of 2 years. The expiration date of the license depends on whether it was issued under part II or part III of the chapter. The document does not specify the penalties for non-compliance or violation of its provisions.
Whom does it apply to?
Applicants seeking a license as a money services business under this chapter
What does it govern?
License application for money services businesses
What are exemptions?
Publicly traded corporations and those exempted under s. 560.104(1) are not required to submit fingerprints
What are the Penalties?
Not specified
Jurisdiction
Florida