The Florida Senate

560.206  Investigation of applicants.--Upon the filing of a properly completed application, accompanied by the nonrefundable application fee and other required documents, the office shall investigate to ascertain whether the qualifications and requirements prescribed by this part have been met. If the office finds that the applicant meets such qualifications and requirements, the office shall issue the applicant a registration to engage in the business of selling payment instruments and transmitting funds in this state. Any registration issued under this part shall remain effective through April 30 of the second year following the date of issuance of the registration, not to exceed 24 months, unless during such period the registration is surrendered, suspended, or revoked.

History.--s. 2, ch. 94-238; s. 2, ch. 94-354; s. 8, ch. 2001-119; s. 712, ch. 2003-261.