CS/HB 955

1
A bill to be entitled
2An act relating to money services businesses; changing the
3name of money transmitters to money services businesses;
4requiring licensure rather than registration; amending s.
5560.103, F.S.; revising definitions; defining the terms
6"affiliated party," "branch office," "cashing,"
7"compliance officer," "electronic instrument," "financial
8audit report," "foreign affiliate," "licensee,"
9"location," "monetary value," "net worth," "outstanding
10money transmission," and "stored value"; amending s.
11560.104, F.S.; revising provision providing exemptions
12from ch. 560, F.S.; amending s. 560.105, F.S.; revising
13provisions relating to the powers of the Office of
14Financial Regulation and the Financial Services
15Commission; amending s. 560.109, F.S.; revising provisions
16relating to examinations and investigations conducted by
17the office; requiring that the office periodically examine
18each licensee and each new licensee within 6 months after
19issuing a license; requiring the office to report certain
20violations to a criminal investigatory agency; requiring
21that the office annually report to the Legislature
22information concerning investigations and examinations and
23the total amount of fines assessed and collected;
24requiring records in a language other than English to be
25translated; creating s. 560.1091, F.S.; authorizing the
26office to contract with third parties to conduct
27examinations; authorizing the commission to adopt rules
28relating to who can conduct examinations and the rates
29charged; creating s. 560.1092, F.S.; requiring persons
30examined to pay the expenses of examination as set by rule
31of the commission; providing for the deposit of funds
32collected from licensees; requiring payment for travel
33expenses and living expenses and compensation for persons
34making the examinations from such funds or from funds
35budgeted for such purposes; creating s. 560.110, F.S.;
36providing for record retention by licensees; amending s.
37560.111, F.S.; revising the list of prohibited acts by a
38money services business; amending s. 560.113, F.S.;
39providing for the establishment of a receivership or the
40payment of restitution by a person found to have violated
41ch. 560, F.S.; amending s. 560.114, F.S.; revising grounds
42for the disciplinary actions; creating s. 560.1141, F.S.;
43authorizing the commission to adopt disciplinary
44guidelines for imposing penalties for violations;
45providing for mitigating and aggravating circumstances;
46amending s. 560.115, F.S.; revising provisions relating to
47the voluntary surrender of a license; amending s. 560.116,
48F.S.; revising provisions relating to the granting of
49immunity for providing information about alleged
50violations of ch. 560, F.S.; amending s. 560.118, F.S.;
51revising provisions relating to required reports; deleting
52an exemption from the requirement to file an annual
53financial report; transferring, renumbering, and amending
54s. 560.119, F.S.; revising provisions providing for the
55deposit of fees and assessments; amending s. 560.121,
56F.S.; revising restriction on access to records held by a
57court or the Legislature; amending s. 560.123, F.S.;
58revising provisions relating to the Florida Control of
59Money Laundering in Money Services Business; creating s.
60560.1235, F.S.; requiring a licensee to comply with state
61and federal anti-money laundering laws and rules; amending
62s. 560.124, F.S.; revising provisions relating to sharing
63reported information; amending s. 560.125, F.S.; revising
64provisions relating to unlicensed activity; amending s.
65560.126, F.S.; revising provisions relating to certain
66notice requirements by a licensee; providing for transfer
67of certain appointments and licenses to a new license
68under certain circumstances; amending s. 560.127, F.S.;
69revising provisions relating to the control of a money
70services business; amending s. 560.128, F.S.; revising
71provisions relating to customer contacts and license
72display; amending s. 560.129, F.S.; revising provisions
73relating to the confidentiality of certain records;
74creating s. 560.140, F.S.; providing licensing standards
75for a money services business; creating s. 560.141, F.S.;
76providing for a license application; creating s. 560.142,
77F.S.; providing for license renewal; creating s. 560.143,
78F.S.; providing for license fees; amending s. 560.203,
79F.S.; revising the exemption from licensure for authorized
80vendors of a money services business; amending s. 560.204,
81F.S.; revising provisions relating to the requirement for
82licensure of money transmitters or sellers of payment
83instruments under part II of ch. 560, F.S.; amending s.
84560.205, F.S.; providing additional requirements for a
85license application; amending s. 560.208, F.S.; revising
86provisions relating to the conduct of a licensee; creating
87s. 560.2085, F.S.; providing requirements for authorized
88vendors; amending s. 560.209, F.S.; revising provisions
89relating to a licensee's net worth and the filing of a
90corporate surety bond; requiring a financial audit report;
91increasing the upper limit of the bond; deleting the
92option of waiving the bond; amending s. 560.210, F.S.;
93revising provisions relating to permissible investments;
94amending s. 560.211, F.S.; revising provisions relating to
95required recordkeeping under part II of ch. 560, F.S.;
96amending s. 560.212, F.S.; revising provisions relating to
97licensee liability; amending s. 560.213, F.S.; revising
98provisions relating information that must be printed on a
99payment instrument; amending s. 560.303, F.S.; revising
100provisions relating to the licensure of check cashers
101under part II of ch. 560, F.S.; amending s. 560.304, F.S.;
102revising provisions relating to exemptions from licensure;
103limiting the exemption for the payment of instruments
104below a certain value and incidental to certain retail
105sales; amending s. 560.309, F.S.; revising provisions
106relating to the conduct of check cashers; providing
107additional requirements; amending s. 560.310, F.S.;
108revising requirements for licensee records; specifying the
109maintenance of identification records for certain
110customers; amending s. 560.402, F.S.; revising definitions
111relating to deferred presentment providers; amending s.
112560.403, F.S.; revising provisions relating to the
113licensing requirements for deferred presentment providers;
114amending s. 560.404, F.S.; revising provisions relating to
115deferred presentment transactions; amending s. 560.405,
116F.S.; revising provisions relating to the redemption or
117deposit of a deferred presentment transaction; amending s.
118560.406, F.S.; revising provisions relating to worthless
119checks; amending ss. 499.005, 499.0691, 501.95, 538.03,
120896.101, 896.104, and 921.0022, F.S.; conforming cross-
121references; repealing s. 560.101, F.S., relating to a
122short title; repealing s. 560.102, F.S., relating to
123purpose and application; repealing s. 560.106, F.S.,
124relating to chapter constructions; repealing s. 560.1073,
125F.S., relating to false or misleading statements or
126documents; repealing s. 560.108, F.S., relating to
127administrative enforcement guidelines; repealing s.
128560.112, F.S., relating to disciplinary action procedures;
129repealing s. 560.117, F.S., relating to administrative
130fines; repealing s. 560.200, F.S., relating to a short
131title; repealing s. 560.202, F.S., relating to
132definitions; repealing s. 560.206, F.S., relating to the
133investigation of applicants; repealing s. 560.207, F.S.,
134relating to registration; repealing s. 560.301, F.S.,
135relating to a short title; repealing s. 560.302, F.S.,
136relating to definitions; repealing s. 560.305, F.S.,
137relating to application for registration; repealing s.
138560.306, F.S., relating to standards; repealing s.
139560.307, F.S., relating to fees; repealing s. 560.308,
140F.S., relating to registration; repealing s. 560.401,
141F.S., relating to a short title; repealing s. 560.407,
142F.S., relating to required records; providing an effective
143date.
144
145Be It Enacted by the Legislature of the State of Florida:
146
147     Section 1.  Section 560.103, Florida Statutes, is amended
148to read:
149     560.103  Definitions.--As used in this chapter, the term
150the code, unless the context otherwise requires:
151     (1) "Affiliated party" means a director, officer,
152responsible person, employee, or foreign affiliate of a money
153services business, or a person who has a controlling interest in
154a money services business as provided in s. 560.127.
155     (2)(1)  "Appropriate regulator" means a any state, or
156federal, or foreign agency that, including the commission or
157office, which has been granted state or federal statutory
158authority to enforce state, federal, or foreign laws related to
159a money services business or deferred presentment provider with
160regard to the money transmission function.
161     (3)(2)  "Authorized vendor" means a person designated by a
162money services business licensed under part II of this chapter a
163registrant to act engage in the business of a money transmitter
164on behalf of the licensee the registrant at locations in this
165state pursuant to a written contract with the licensee
166registrant.
167     (4)  "Branch office" means the physical location, other
168than the principal place of business, of a money services
169business operated by a licensee under this chapter.
170     (5)  "Cashing" means providing currency for payment
171instruments except for travelers checks.
172     (6)(3)  "Check casher" means a person who, for
173compensation, sells currency in exchange for payment instruments
174received, except travelers checks and foreign-drawn payment
175instruments.
176     (4)  "Code" means the "Money Transmitters' Code,"
177consisting of:
178     (a)  Part I of this chapter, relating to money transmitters
179generally.
180     (b)  Part II of this chapter, relating to payment
181instruments and funds transmission.
182     (c)  Part III of this chapter, relating to check cashing
183and foreign currency exchange.
184     (d)  Part IV of this chapter, relating to deferred
185presentments.
186     (7)  "Commission" means the Financial Services Commission.
187     (8)  "Compliance officer" means the individual in charge of
188overseeing, managing, and ensuring that a money services
189business is in compliance with all state and federal laws and
190rules relating to money services businesses, as applicable,
191including all money laundering laws and rules.
192     (5)  "Consideration" means and includes any premium charged
193for the sale of goods, or services provided in connection with
194the sale of the goods, which is in excess of the cash price of
195such goods.
196     (9)(6)  "Currency" means the coin and paper money of the
197United States or of any other country which is designated as
198legal tender and which circulates and is customarily used and
199accepted as a medium of exchange in the country of issuance.
200Currency includes United States silver certificates, United
201States notes, and Federal Reserve notes. Currency also includes
202official foreign bank notes that are customarily used and
203accepted as a medium of exchange in a foreign country.
204     (7)  "Commission" means the Financial Services Commission.
205     (10)  "Deferred presentment provider" means a person who is
206licensed under part II or part III of this chapter and has filed
207a declaration of intent with the office to engage in deferred
208presentment transactions as provided under part IV of this
209chapter.
210     (11)  "Electronic instrument" means a card, tangible
211object, or other form of electronic payment for the transmission
212or payment of money or the exchange of monetary value, including
213a stored value card or device that contains a microprocessor
214chip, magnetic stripe, or other means for storing information;
215that is prefunded; and for which the value is decremented upon
216each use.
217     (12)  "Financial audit report" means a report prepared in
218connection with a financial audit that is conducted in
219accordance with generally accepted auditing standards prescribed
220by the American Institute of Certified Public Accountants by a
221certified public accountant licensed to do business in the
222United States, and which must include:
223     (a)  Financial statements, including notes related to the
224financial statements and required supplementary information,
225prepared in conformity with accounting principles generally
226accepted in the United States. The notes must, at a minimum,
227include detailed disclosures regarding receivables that are
228greater than 90 days, if the total amount of such receivables
229represent more than 2 percent of the licensee's total assets.
230     (b)  An expression of opinion regarding whether the
231financial statements are presented in conformity with accounting
232principles generally accepted in the United States, or an
233assertion to the effect that such an opinion cannot be expressed
234and the reasons.
235     (13)  "Foreign affiliate" means a person located outside
236this state who has been designated by a licensee to make
237payments on behalf of the licensee to persons who reside outside
238this state. The term also includes a person located outside of
239this state for whom the licensee has been designated to make
240payments in this state.
241     (8)  "Office" means the Office of Financial Regulation of
242the commission.
243     (14)(9)  "Foreign currency exchanger" means a person who
244exchanges, for compensation, currency of the United States or a
245foreign government to currency of another government.
246     (10)  "Funds transmitter" means a person who engages in the
247receipt of currency or payment instruments for the purpose of
248transmission by any means, including transmissions within this
249country or to or from locations outside this country, by wire,
250facsimile, electronic transfer, courier, or otherwise.
251     (15)  "Licensee" means a person licensed under this
252chapter.
253     (16)  "Location" means a branch office, mobile location, or
254location of an authorized vendor whose business activity is
255regulated under this chapter.
256     (17)  "Monetary value" means a medium of exchange, whether
257or not redeemable in currency.
258     (18)(11)  "Money services business transmitter" means any
259person located in or doing business in this state, from this
260state, or into this state from locations outside this state or
261country who acts as a payment instrument seller, foreign
262currency exchanger, check casher, or money funds transmitter, or
263deferred presentment provider.
264     (19)  "Money transmitter" means a corporation, limited
265liability company, limited liability partnership, or foreign
266entity qualified to do business in this state which receives
267currency, monetary value, or payment instruments for the purpose
268of transmitting the same by any means, including transmission by
269wire, facsimile, electronic transfer, courier, the Internet, or
270through bill payment services or other businesses that
271facilitate such transfer within this country, or to or from this
272country.
273     (12)  "Money transmitter-affiliated party" means any
274director, officer, responsible person, employee, authorized
275vendor, independent contractor of a money transmitter, or a
276person who has filed, is required to file, or is found to
277control a money transmitter pursuant to s. 560.127, or any
278person engaged in any jurisdiction, at any time, in the business
279of money transmission as a controlling shareholder, director,
280officer, or responsible person who becomes involved in a similar
281capacity with a money transmitter registered in this state.
282     (20)  "Net worth" means assets minus liabilities,
283determined in accordance with United States generally accepted
284accounting principles.
285     (21)  "Office" means the Office of Financial Regulation of
286the commission.
287     (22)(13)  "Officer" means an individual, other than a
288director whether or not the individual has an official title or
289receives a salary or other compensation, who participates in, or
290has authority to participate, other than in the capacity of a
291director, in, the major policymaking functions of a the money
292services transmitter business, regardless of whether the
293individual has an official title or receives a salary or other
294compensation.
295     (23)  "Outstanding money transmission" means a money
296transmission to a designated recipient or a refund to a sender
297that has not been completed.
298     (24)(14)  "Outstanding payment instrument instruments"
299means an unpaid payment instrument instruments whose sale has
300been reported to a licensee registrant.
301     (25)(15)  "Payment instrument" means a check, draft,
302warrant, money order, travelers check, electronic instrument, or
303other instrument, or payment of money, or monetary value whether
304or not negotiable. The term Payment instrument does not include
305an instrument that is redeemable by the issuer in merchandise or
306service, a credit card voucher, or a letter of credit.
307     (26)(16)  "Payment instrument seller" means a corporation,
308limited liability company, limited liability partnership, or
309foreign entity qualified to do business in this state which
310person who sells a payment instrument.
311     (27)(17)  "Person" means an any individual, partnership,
312association, trust, corporation, limited liability company, or
313other group, however organized, but does not include a public
314the governments of the United States or this state or any
315department, agency, or instrumentality thereof.
316     (18)  "Registrant" means a person registered by the office
317pursuant to the code.
318     (28)(19)  "Responsible person" means an individual a person
319who is employed by or affiliated with a money services business
320transmitter and who has principal active management authority
321over the business decisions, actions, and activities of the
322money services business transmitter in this state.
323     (29)(20)  "Sells Sell" means to sell, issue, provide, or
324deliver.
325     (30)  "Stored value" means funds or monetary value
326represented in digital electronics format, whether or not
327specially encrypted, and stored or capable of storage on
328electronic media in such a way as to be retrievable and
329transferred electronically.
330     (21)  "Unsafe and unsound practice" means:
331     (a)  Any practice or conduct found by the office to be
332contrary to generally accepted standards applicable to the
333specific money transmitter, or a violation of any prior order of
334an appropriate regulatory agency, which practice, conduct, or
335violation creates the likelihood of material loss, insolvency,
336or dissipation of assets of the money transmitter or otherwise
337materially prejudices the interests of its customers; or
338     (b)  Failure to adhere to the provisions of 31 C.F.R. ss.
339103.20, 103.22, 103.27, 103.28, 103.29, 103.33, 103.37, 103.41,
340and 103.125 as they existed on March 31, 2004.
341
342In making a determination under this subsection, the office must
343consider the size and condition of the money transmitter, the
344magnitude of the loss, the gravity of the violation, and the
345prior conduct of the person or business involved.
346     Section 2.  Section 560.104, Florida Statutes, is amended
347to read:
348     560.104  Exemptions.--The following entities are exempt
349from the provisions of this chapter the code:
350     (1)  Banks, credit card banks, credit unions, trust
351companies, associations, offices of an international banking
352corporation, Edge Act or agreement corporations, or other
353financial depository institutions organized under the laws of
354any state or the United States, provided that they do not sell
355payment instruments through authorized vendors who are not such
356entities.
357     (2)  The United States or any agency or department,
358instrumentality, or agency thereof.
359     (3)  This state or any political subdivision of this state.
360     Section 3.  Section 560.105, Florida Statutes, is amended
361to read:
362     560.105  Supervisory powers; rulemaking.--
363     (1)  Consistent with the purposes of the code, The office
364shall have:
365     (a)  Supervise Supervision over all money services
366businesses transmitters and their authorized vendors.
367     (b)  Have access to the books and records of persons over
368whom the office supervises exercises supervision as is necessary
369to carry out for the performance of the duties and functions of
370the office under this chapter prescribed by the code.
371     (c)  Power to Issue orders and declaratory statements,
372disseminate information, and otherwise administer and enforce
373this chapter and all related rules in order exercise its
374discretion to effectuate the purposes, policies, and provisions
375of this chapter the code.
376     (2)  Consistent with the purposes of the code, The
377commission may adopt rules pursuant to ss. 120.536(1) and 120.54
378to administer this chapter implement the provisions of the code.
379     (a)(3)  The commission may adopt rules pursuant to ss.
380120.536(1) and 120.54 requiring electronic submission of any
381forms, documents, or fees required by this chapter, which must
382code if such rules reasonably accommodate technological or
383financial hardship. The commission may prescribe by rule
384requirements and provide procedures for obtaining an exemption
385due to a technological or financial hardship.
386     (b)  Rules adopted to regulate money services businesses,
387including deferred presentment providers, must be responsive to
388changes in economic conditions, technology, and industry
389practices.
390     Section 4.  Section 560.109, Florida Statutes, is amended
391to read:
392     560.109  Examinations and investigations, subpoenas,
393hearings, and witnesses.--
394     (1)  The office may conduct examinations and make
395investigations or examinations as prescribed in s. 560.118,
396within or outside this state, which it deems necessary in order
397to determine whether a person has violated any provision of this
398chapter and related rules the code, the rules adopted by the
399commission pursuant to the code, or of any practice or conduct
400that creates the likelihood of material loss, insolvency, or
401dissipation of the assets of a money services business or
402otherwise materially prejudices the interests of their customers
40331 C.F.R. ss. 103.20, 103.22, 103.27, 103.28, 103.29, 103.33,
404103.37, 103.41, and 103.125 as they existed on March 31, 2004.
405     (1)  The office may examine each licensee as often as is
406warranted for the protection of customers and in the public
407interest, but at least once every 5 years. A new licensee shall
408be examined within 6 months after the issuance of the license.
409The office shall provide at least 15 days' notice to a money
410services business, its authorized vendor, or license applicant
411before conducting an examination or investigation. However, the
412office may conduct an examination or investigation of a money
413services business, authorized vendor, or affiliated party at any
414time and without advance notice if the office suspects that the
415money services business, authorized vendor, or affiliated party
416has violated or is about to violate any provisions of this
417chapter or any criminal laws of this state or of the United
418States.
419     (2)  The office may conduct a joint or concurrent
420examination with any state or federal regulatory agency and may
421furnish a copy of all examinations to an appropriate regulator
422if the regulator agrees to abide by the confidentiality
423provisions in chapter 119 and this chapter. The office may also
424accept an examination from any appropriate regulator or,
425pursuant to s. 560.1091, from an independent third party that
426has been approved by the office.
427     (3)  Persons subject to this chapter who are examined or
428investigated shall make available to the office all books,
429accounts, documents, files, information, assets, and matters
430that are in their immediate possession or control and that
431relate to the subject of the examination or investigation.
432     (a)  Records not in their immediate possession must be made
433available to the office within 3 days after actual notice is
434served.
435     (b)  Upon notice, the office may require that records
436written in a language other than English be accompanied by a
437certified translation at the expense of the licensee. For
438purposes of this section, the term "certified translation" means
439a document translated by a person who is currently certified as
440a translator by the American Translators Association or other
441organization designated by rule.
442     (4)(2)(a)  In the course of or in connection with any
443examination or an investigation conducted by the office:
444     (a)  An employee of the office holding the title and
445position of a pursuant to the provisions of subsection (1) or an
446investigation or examination in connection with any application
447to the office for the organization or establishment of a money
448transmitter business, or in connection with an examination or
449investigation of a money transmitter or its authorized vendor,
450the office, or any of its officers holding no lesser title and
451position than financial examiner or analyst, financial
452investigator, or attorney at law, or higher may:
453     1.  Administer oaths and affirmations.
454     2.  Take or cause to be taken testimony and depositions.
455     (b)  The office, or any of its employees officers holding a
456title of no lesser title than attorney, or area financial
457manager, or higher may issue, revoke, quash, or modify subpoenas
458and subpoenas duces tecum under the seal of the office or cause
459any such subpoena or subpoena duces tecum to be issued by any
460county court judge or clerk of the circuit court or county court
461to require persons to appear before the office at a reasonable
462time and place to be therein named and to bring such books,
463records, and documents for inspection as may be therein
464designated. Such subpoenas may be served by a representative of
465the office or may be served as otherwise provided for by law for
466the service of subpoenas.
467     (c)  In connection with any such investigation or
468examination, The office may allow permit a person to file a
469statement in writing, under oath, or otherwise as the office
470determines, as to facts and circumstances specified by the
471office.
472     (5)(3)(a)  If a person does not comply In the event of
473noncompliance with a subpoena issued or caused to be issued by
474the office pursuant to this section, the office may petition a
475court of competent jurisdiction the circuit court of the county
476in which the person subpoenaed resides or has its principal
477place of business for an order requiring the subpoenaed person
478to appear and testify and to produce such books, records, and
479documents as are specified in the such subpoena duces tecum. The
480office is entitled to the summary procedure provided in s.
48151.011, and the court shall advance the cause on its calendar.
482     (a)(b)  A copy of the petition shall be served upon the
483person subpoenaed by any person authorized by this section to
484serve subpoenas, who shall make and file with the court an
485affidavit showing the time, place, and date of service.
486     (b)(c)  At a any hearing on the any such petition, the
487person subpoenaed, or any person whose interests are will be
488substantially affected by the investigation, examination, or
489subpoena, may appear and object to the subpoena and to the
490granting of the petition. The court may make any order that
491justice requires in order to protect a party or other person and
492her or his personal and property rights, including, but not
493limited to, protection from annoyance, embarrassment,
494oppression, or undue burden, or expense.
495     (c)(d)  Failure to comply with an order granting, in whole
496or in part, a petition for enforcement of a subpoena is a
497contempt of the court.
498     (6)(4)  Witnesses are entitled to the same fees and mileage
499to which they would be entitled by law for attending as
500witnesses in the circuit court, except that no fees or mileage
501is not allowed for the testimony of a person taken at the
502person's principal office or residence.
503     (7)(5)  Reasonable and necessary costs incurred by the
504office or third parties authorized by the office in connection
505and payable to persons involved with examinations or
506investigations may be assessed against any person subject to
507this chapter on the basis of actual costs incurred. Assessable
508expenses include, but are not limited to,: expenses for:
509interpreters; certified translations of documents into the
510English language required by this chapter or related rules;
511expenses for communications; expenses for legal representation;
512expenses for economic, legal, or other research, analyses, and
513testimony; and fees and expenses for witnesses. The failure to
514reimburse the office is a ground for denial of a license the
515registration application, denial of a license renewal, or for
516revocation of any approval thereof. Except for examinations
517authorized under s. 560.109, No such costs may not shall be
518assessed against a person unless the office determines has
519determined that the person has operated or is operating in
520violation of this chapter the code.
521     (8)  The office shall provide a written report of any
522violation of law that may be a felony to the appropriate
523criminal investigatory agency having jurisdiction with respect
524to such violation.
525     (9)  The office shall prepare and submit an annual report
526to the President of the Senate and the Speaker of the House of
527Representatives beginning January 1, 2009, through January 1,
5282014, which includes:
529     (a)  The total number of examinations and investigations
530that resulted in a referral to a state or federal agency and the
531disposition of each of those referrals by agency.
532     (b)  The total number of initial referrals received from
533another state or federal agency, the total number of
534examinations and investigations opened as a result of referrals,
535and the disposition of each of those cases.
536     (c)  The number of examinations or investigations
537undertaken by the office which were not the result of a referral
538from another state agency or a federal agency.
539     (d)  The total amount of fines assessed and collected by
540the office as a result of an examination or investigation of
541activities regulated under parts II and III of this chapter.
542     Section 5.  Section 560.1091, Florida Statutes, is created
543to read:
544     560.1091  Contracted examinations.--The office may contract
545with third parties to conduct examinations under this chapter.
546     (1)  The person or firm selected by the office may not have
547a conflict of interest that might affect its ability to
548independently perform its responsibilities with respect to an
549examination.
550     (2)  An examination under this section may be conducted by
551an independent certified public accountant, information
552technology specialist, or other specialist specified by rule who
553meets criteria specified by rule. The rules shall also provide
554that:
555     (a)  The rates charged to the licensee examined are
556consistent with rates charged by other firms in similar
557professions and are comparable with the rates charged for
558comparable examinations.
559     (b)  The licensee make payment for the examination pursuant
560to s. 560.1092 and in accordance with the rates and terms
561established by the office and the person or firm performing the
562examination.
563     Section 6.  Section 560.1092, Florida Statutes, is created
564to read:
565     560.1092  Examination expenses.--
566     (1)  Each licensee examined shall pay to the office the
567expenses of the examination at the rates adopted by the
568commission by rule. Such expenses shall include actual travel
569expenses, reasonable living expense allowance, compensation of
570the examiner or other person making the examination, and
571necessary attendant administrative costs of the office directly
572related to the examination. Travel expense and living expense
573allowance are limited to those expenses incurred on account of
574the examination and shall be paid by the examined licensee
575together with compensation upon presentation by the office to
576the licensee of a detailed account of the charges and expenses
577after a detailed statement has been filed by the examiner and
578approved by the office.
579     (2)  All moneys collected from licensees for examinations
580shall be deposited into the Regulatory Trust Fund, and the
581office may make deposits into such fund from moneys appropriated
582for the operation of the office.
583     (3)  Notwithstanding s. 112.061, the office may pay to the
584examiner or person making the examination out of the trust fund
585the actual travel expenses, reasonable living expense allowance,
586and compensation in accordance with the statement filed with the
587office by the examiner or other person, as provided in
588subsection (1) upon approval by the office.
589     (4)  When not examining a licensee, the travel expenses,
590per diem, and compensation for the examiners and other persons
591employed to make examinations, if approved, shall be paid out of
592moneys budgeted for such purpose as regular employees, and
593reimbursement for travel expenses and per diem shall be at rates
594as provided in s. 112.061.
595     Section 7.  Section 560.110, Florida Statutes, is created
596to read:
597     560.110  Records retention.--Each licensee and its
598authorized vendors must maintain all books, accounts, documents,
599files, and information necessary for determining compliance with
600this chapter and related rules for 5 years unless a longer
601period is required by other state or federal law.
602     (1)  The records required under this chapter may be
603maintained by the licensee at any location identified in its
604license application or by amendment to the application. The
605licensee must make such records available to the office for
606examination and investigation in this state within 3 business
607days after receipt of a written request.
608     (2)  The original of any record of a licensee or authorized
609vendor includes a record stored or transmitted by electronic,
610computerized, mechanized, or other information storage or
611retrieval or transmission system or device that can generate,
612regenerate, or transmit the precise data or other information
613comprising the record. An original also includes the visible
614data or other information so generated, regenerated, or
615transmitted if it is legible or can be made legible by
616enlargement or other process.
617     (3)  The commission may adopt rules to administer this
618section and ss. 560.211 and 560.310. In adopting rules, the
619commission shall take into consideration federal regulations,
620rulings, and guidance issued by an appropriate regulator.
621     (4)  Any person who willfully fails to comply with this
622section or ss. 560.211 and 560.310 commits a felony of the third
623degree, punishable as provided in s. 775.082, s. 775.083, or s.
624775.084.
625     Section 8.  Section 560.111, Florida Statutes, is amended
626to read:
627     560.111  Prohibited acts and practices.--
628     (1)  A money services business, authorized vendor, or
629affiliated party may not It is unlawful for any money
630transmitter or money transmitter-affiliated party to:
631     (a)  Receive or possess itself of any property except
632otherwise than in payment of a just demand, and, with intent to
633deceive or defraud, to omit to make or to cause to be made a
634full and true entry thereof in its books and accounts, or to
635concur in omitting to make any material entry thereof.;
636     (b)  Embezzle, abstract, or misapply any money, property,
637or thing of value belonging to the money services business, an
638of the money transmitter or authorized vendor, or customer with
639intent to deceive or defraud. such money transmitter or
640authorized vendor;
641     (c)  Make any false entry in its books, accounts, reports,
642files, or documents any book, report, or statement of such money
643transmitter or authorized vendor with intent to deceive or
644defraud such money transmitter, authorized vendor, or another
645person, or with intent to deceive the office, any appropriate
646regulator other state or federal regulatory agency, or any
647authorized third party representative appointed by the office to
648examine or investigate the affairs of the such money services
649business transmitter or authorized vendor.;
650     (d)  Engage in an act that violates 18 U.S.C. s. 1956, 18
651U.S.C. s. 1957, 18 U.S.C. s. 1960, 31 U.S.C. s. 5324, or any
652other law, rule, or regulation of another state or of the United
653States relating to a money services business, deferred
654presentment provider, the business of money transmission or
655usury which may cause the denial or revocation of a money
656services business or deferred presentment provider transmitter
657license or the equivalent registration in that such
658jurisdiction.;
659     (e)  File with the office, sign as a duly authorized
660representative, or deliver or disclose, by any means, to the
661office or any of its employees any examination report, report of
662condition, report of income and dividends, audit, account,
663statement, file, or document known by it to be fraudulent or
664false as to any material matter.; or
665     (f)  Place among the assets of a money services business
666such money transmitter or authorized vendor any note,
667obligation, or security that the money services business
668transmitter or authorized vendor does not own or is known to be
669that to the person's knowledge is fraudulent or otherwise
670worthless, or for any such person to represent to the office
671that any note, obligation, or security carried as an asset of
672such money transmitter or authorized vendor is the property of
673the money services business transmitter or authorized vendor and
674is genuine if it is known to be such person that such
675representation is false or that such note, obligation, or
676security is fraudulent or otherwise worthless.
677     (2)  A It is unlawful for any person may not to knowingly
678execute, or attempt to execute, a scheme or artifice to defraud
679a money services business transmitter or authorized vendor, or
680to obtain any of the moneys, funds, credits, assets, securities,
681or other property owned by, or under the custody or control of,
682a money services business transmitter or authorized vendor, by
683means of false or fraudulent pretenses, representations, or
684promises.
685     (3)  Any person who violates any provision of this section
686commits a felony of the third degree, punishable as provided in
687s. 775.082, s. 775.083, or s. 775.084.
688     (4)  Any person who willfully violates any provision of s.
689560.403, s. 560.404, s. 560.405, or s. 560.407 commits a felony
690of the third degree, punishable as provided in s. 775.082, s.
691775.083, or s. 775.084.
692     Section 9.  Section 560.113, Florida Statutes, is amended
693to read:
694     560.113  Injunctions; receiverships; restitution.--Whenever
695a violation of the code is threatened or impending and such
696violation will cause substantial injury to any person, the
697circuit court has jurisdiction to hear any complaint filed by
698the office and, upon proper showing, to issue an injunction
699restraining such violation or granting other such appropriate
700relief.
701     (1)  If the office determines that any person has engaged
702in or is about to engage in any action that is a violation of
703this chapter or related rules, the office may, in addition to or
704in lieu of other remedies, bring an action on behalf of the
705state in the circuit court against the person and any other
706person acting in concert with such person to enjoin such person
707from engaging in such act. The office may apply for, and on due
708showing be entitled to have issued, the court's subpoena
709requiring the appearance of the person and her or his employees,
710associated persons, or agents and the production of any
711documents, books, or records that may appear necessary for the
712hearing of the petition, and to testify or give evidence
713concerning the acts complained of.
714     (2)  In addition to, or in lieu of, the enforcement of a
715temporary restraining order, temporary injunction, or permanent
716injunction against the person, the court may, upon application
717of the office, impound and appoint a receiver or administrator
718for the property, assets, and business of the defendant,
719including, but not limited to, any related books, records,
720documents, or papers. The receiver or administrator shall have
721all powers and duties conferred by the court as to the custody,
722collection, administration, winding up, and liquidation of the
723property and business. The court may issue orders and decrees
724staying all pending suits and enjoining any further suits
725affecting the receiver's or administrator's custody or
726possession of the property, assets, and business or may, with
727the consent of the presiding judge of the circuit, require that
728all such suits be assigned to the judge appointing the receiver
729or administrator.
730     (3)  In addition to, or in lieu of, any other remedies
731provided under this chapter, the office may apply to the court
732hearing the matter for an order directing the defendant to make
733restitution of those sums shown by the office to have been
734obtained in violation of this chapter. Such restitution shall,
735at the option of the court, be payable to the administrator or
736receiver appointed under this section or directly to the persons
737whose assets were obtained in violation of this chapter.
738     Section 10.  Section 560.114, Florida Statutes, is amended
739to read:
740     560.114  Disciplinary actions; penalties.--
741     (1)  The following actions by a money services business,
742authorized vendor, or affiliated party transmitter or money
743transmitter-affiliated party are violations of the code and
744constitute grounds for the issuance of a cease and desist order,
745the issuance of a removal order, the denial, of a registration
746application or the suspension, or revocation of a license any
747registration previously issued pursuant to the code, or the
748taking of any other action within the authority of the office
749pursuant to this chapter the code:
750     (a)  Failure to comply with any provision of this chapter
751or related the code, any rule or order adopted pursuant thereto,
752or any written agreement entered into with the office.
753     (b)  Fraud, misrepresentation, deceit, or gross negligence
754in any transaction by a involving money services business
755transmission, regardless of reliance thereon by, or damage to, a
756money transmitter customer.
757     (c)  Fraudulent misrepresentation, circumvention, or
758concealment of any matter that must required to be stated or
759furnished to a money transmitter customer pursuant to this
760chapter the code, regardless of reliance thereon by, or damage
761to, such customer.
762     (d)  False, deceptive, or misleading advertising.
763     (e)  Failure to maintain, preserve, and keep available for
764examination, and produce all books, accounts, files, or other
765documents required by this chapter or related rules or orders
766the code, by any rule or order adopted pursuant to the code, by
76731 C.F.R. ss. 103.20, 103.22, 103.23, 103.27, 103.28, 103.29,
768103.33, 103.37, 103.41, and 103.125 as they existed on March 31,
7692004, or by any agreement entered into with the office.
770     (f)  Refusing to allow Refusal to permit the examination or
771inspection of books, accounts, files, or other documents and
772records in an investigation or examination by the office,
773pursuant to this chapter the provisions of the code, or to
774comply with a subpoena issued by the office.
775     (g)  Failure to pay a judgment recovered in any court in
776this state by a claimant in an action arising out of a money
777transmission transaction within 30 days after the judgment
778becomes final.
779     (h)  Engaging in an act prohibited under or practice
780proscribed by s. 560.111.
781     (i)  Insolvency or operating in an unsafe and unsound
782manner.
783     (j)  Failure by a money services business transmitter to
784remove an affiliated a money transmitter-affiliated party after
785the office has issued and served upon the money services
786business transmitter a final order setting forth a finding that
787the affiliated money transmitter-affiliated party has violated a
788any provision of this chapter the code.
789     (k)  Making a any material misstatement, or
790misrepresentation, or omission or committing any fraud in an
791initial or renewal application for licensure, any amendment to
792such application, or application for the appointment of an
793authorized vendor registration.
794     (l)  Committing any act that results resulting in a license
795an application for registration, or a registration or its
796equivalent, to practice any profession or occupation being
797denied, suspended, revoked, or otherwise acted against by a
798licensing registering authority in any jurisdiction or a finding
799by an appropriate regulatory body of engaging in unlicensed
800activity as a money transmitter within any jurisdiction.
801     (m)  Being the subject of final agency action or its
802equivalent, issued by an appropriate regulator, for engaging in
803unlicensed activity as a money services business or deferred
804presentment provider in any jurisdiction.
805     (n)(m)  Committing any act resulting in a license
806registration or its equivalent, or an application for
807registration, to practice any profession or occupation being
808denied, suspended, revoked, or otherwise acted against by a
809licensing registering authority in any jurisdiction for a
810violation of 18 U.S.C. s. 1956, 18 U.S.C. s. 1957, 18 U.S.C. s.
8111960, 31 U.S.C. s. 5324, or any other law or, rule, or
812regulation of another state or of the United States relating to
813a money services business, deferred presentment provider, the
814business of money transmission or usury that which may cause the
815denial, suspension, or revocation of a money services business
816or deferred presentment provider transmitter license or its
817equivalent or registration in such jurisdiction.
818     (o)(n)  Having been convicted of or found guilty of, or
819entered a plea of having pleaded guilty or nolo contendere to,
820any felony or crime punishable by imprisonment of 1 year or more
821under the law of any state or of the United States which
822involves fraud, moral turpitude, or dishonest dealing,
823regardless of adjudication without regard to whether a judgment
824of conviction has been entered by the court.
825     (p)(o)  Having been convicted of or found guilty of, or
826entered a plea of having pleaded guilty or nolo contendere to, a
827crime under 18 U.S.C. s. 1956 or 31 U.S.C. s. 5324, regardless
828of adjudication without regard to whether a judgment of
829conviction has been entered by the court.
830     (q)(p)  Having been convicted of or found guilty of, or
831entered a plea of having pleaded guilty or nolo contendere to,
832misappropriation, conversion, or unlawful withholding of moneys
833belonging that belong to others, regardless of adjudication and
834were received in the conduct of the business of the money
835transmitter.
836     (r)(q)  Failure to inform the office in writing within 30
83715 days after having pled pleading guilty or nolo contendere to,
838or being convicted or found guilty of, any felony or crime
839punishable by imprisonment of 1 year or more under the law of
840any state or of the United States, or of any crime involving
841fraud, moral turpitude, or dishonest dealing, without regard to
842whether a judgment of conviction has been entered by the court.
843     (s)(r)  Aiding, assisting, procuring, advising, or abetting
844any person in violating a provision of this chapter code or any
845order or rule of the office or commission.
846     (t)(s)  Failure to timely pay any fee, charge, or cost
847imposed or assessed fine under this chapter the code.
848     (u)  Failing to pay a fine assessed by the office within 30
849days after the due date as stated in a final order.
850     (v)(t)  Failure to pay any judgment entered by any court
851within 30 days after the judgment becomes final.
852     (u)  Engaging or holding oneself out to be engaged in the
853business of a money transmitter without the proper registration.
854     (v)  Any action that would be grounds for denial of a
855registration or for revocation, suspension, or restriction of a
856registration previously granted under part III of this chapter.
857     (w)  Failure to pay any fee, charge, or fine under the
858code.
859     (w)(x)  Engaging or advertising engagement in the business
860of a money services business or deferred presentment provider
861transmitter without a license registration, unless the person is
862exempted from licensure the registration requirements of the
863code.
864     (x)(y)  Payment to the office for a license or other fee,
865charge, cost, or fine permit with a check or electronic
866transmission of funds that is dishonored by the applicant's or
867licensee's financial institution.
868     (y)  Violations of 31 C.F.R. ss. 103.20, 103.22, 103.23,
869103.27, 103.28, 103.29, 103.33, 103.37, 103.41, and 103.125, and
870United States Treasury Interpretative Release 2004-1.
871     (z)  Any practice or conduct that creates the likelihood of
872a material loss, insolvency, or dissipation of assets of a money
873services business or otherwise materially prejudices the
874interests of its customers.
875     (2)  The office may immediately suspend the license of any
876money services business if the money services business fails to
877provide to the office, upon written request, any of the records
878required by ss. 560.123, 560.1235, 560.211, and 560.310. The
879suspension may be rescinded if the licensee submits the
880requested records to the office. For purposes of s. 120.60(6),
881failure to provide any of the above-mentioned records
882constitutes immediate and serious danger to the public health,
883safety, and welfare.
884     (3)  The office may deny licensure if the applicant or an
885affiliated party is the subject of a pending criminal
886prosecution or governmental enforcement action in any
887jurisdiction until the conclusion of the prosecution or action.
888     (4)(2)  The office may issue a cease and desist order or
889removal order, suspend or revoke a license any previously issued
890registration, or take any other action within the authority of
891the office against a licensee money transmitter based on any
892fact or condition that exists and that, if it had existed or
893been known to exist at the time of license application the money
894transmitter applied for registration, would have been grounds
895for license denial of registration.
896     (5)(3)  A Each money services business licensed under part
897II of this chapter transmitter is responsible for any act of its
898authorized vendors if the money services business transmitter
899should have known of the act or had if the money transmitter has
900actual knowledge that such act is a violation of this chapter,
901the code and the money services business transmitter willfully
902allowed the such act to continue. Such responsibility is limited
903to conduct engaged in by the authorized vendor pursuant to the
904authority granted to it by the money services business
905transmitter.
906     (6)(4)  If a license registration granted under this
907chapter code expires or is surrendered by the licensee
908registrant during the pendency of an administrative action under
909this code, the proceeding may continue as if the license is
910registration were still in effect.
911     (7)  The office may, in addition to or in lieu of the
912denial, suspension, or revocation of a license, impose a fine of
913at least $1,000 but not more than $10,000 for each violation of
914this chapter.
915     (8)  In addition to any other provision of this chapter,
916the office may impose a fine of up to $1,000 per day for each
917day that a person engages in the business of a money services
918business or deferred presentment provider without being
919licensed.
920     Section 11.  Section 560.1141, Florida Statutes, is created
921to read:
922     560.1141  Disciplinary guidelines.--
923     (1)  The commission shall adopt by rule disciplinary
924guidelines applicable to each ground for disciplinary action
925that may be imposed by the office.
926     (2)  The disciplinary guidelines shall specify a meaningful
927range of designated penalties based upon the severity and
928repetition of specific offenses and that distinguish minor
929violations from those that endanger the public health, safety,
930or welfare; that provide reasonable and meaningful notice to the
931public of likely penalties that may be imposed for proscribed
932conduct; and that ensure that such penalties are imposed in a
933consistent manner by the office.
934     (3)  The commission shall adopt by rule mitigating and
935aggravating circumstances that allow the office to impose a
936penalty other than that provided for in the guidelines, and for
937variations and a range of penalties permitted under such
938circumstances.
939     Section 12.  Section 560.115, Florida Statutes, is amended
940to read:
941     560.115  Surrender of license registration.--A licensee Any
942money transmitter registered pursuant to the code may
943voluntarily surrender its license registration at any time by
944giving written notice to the office.
945     Section 13.  Section 560.116, Florida Statutes, is amended
946to read:
947     560.116  Civil immunity.--Any person having reason to
948believe that a provision of this chapter the code is being
949violated, or has been violated, or is about to be violated, may
950file a complaint with the office setting forth the details of
951the alleged violation. Such person is immune An Immunity from
952civil liability is hereby granted to any person who furnishes
953such information, unless the information provided is false and
954has been provided the person providing the information does so
955with reckless disregard for the truth.
956     Section 14.  Section 560.118, Florida Statutes, is amended
957to read:
958     560.118  Examinations, Reports, and internal audits;
959penalty.--
960     (1)(a)  The office may conduct an examination of a money
961transmitter or authorized vendor by providing not less than 15
962days' advance notice to the money transmitter or authorized
963vendor. However, if the office suspects that the money
964transmitter or authorized vendor has violated any provisions of
965this code or any criminal laws of this state or of the United
966States or is engaging in an unsafe and unsound practice, the
967office may, at any time without advance notice, conduct an
968examination of all affairs, activities, transactions, accounts,
969business records, and assets of any money transmitter or any
970money transmitter-affiliated party for the protection of the
971public. For the purpose of examinations, the office may
972administer oaths and examine a money transmitter or any of its
973affiliated parties concerning their operations and business
974activities and affairs. The office may accept an audit or
975examination from any appropriate regulatory agency or from an
976independent third party with respect to the operations of a
977money transmitter or an authorized vendor. The office may also
978make a joint or concurrent examination with any state or federal
979regulatory agency. The office may furnish a copy of all
980examinations made of such money transmitter or authorized vendor
981to the money transmitter and any appropriate regulatory agency
982provided that such agency agrees to abide by the confidentiality
983provisions as set forth in chapter 119.
984     (b)  Persons subject to this chapter who are examined shall
985make available to the office or its examiners the accounts,
986records, documents, files, information, assets, and matters
987which are in their immediate possession or control and which
988relate to the subject of the examination. Those accounts,
989records, documents, files, information, assets, and matters not
990in their immediate possession shall be made available to the
991office or the office's examiners within 10 days after actual
992notice is served on such persons.
993     (c)  The audit of a money transmitter required under this
994section may be performed by an independent third party that has
995been approved by the office or by a certified public accountant
996authorized to do business in the United States. The examination
997of a money transmitter or authorized vendor required under this
998section may be performed by an independent third party that has
999been approved by the office or by a certified public accountant
1000authorized to do business in the United States. The cost of such
1001an independent examination or audit shall be directly borne by
1002the money transmitter or authorized vendor.
1003     (2)(a)  Annual financial audit reports must that are
1004required to be filed with the office pursuant to this chapter or
1005related rules under the code or any rules adopted thereunder
1006must be audited by an independent third party that has been
1007approved by the office or by a certified public accountant
1008authorized to do business in the United States. The licensee
1009money transmitter or authorized vendor shall directly bear the
1010cost of the audit. This paragraph does not apply to any seller
1011of payment instruments who can prove to the satisfaction of the
1012office that it has a combined total of fewer than 50 employees
1013and authorized vendors or that its annual payment instruments
1014issued from its activities as a payment instrument seller are
1015less than $200,000.
1016     (2)(b)  Each licensee must submit The commission may, by
1017rule, require each money transmitter or authorized vendor to
1018submit quarterly reports to the office in a format and include
1019information as specified by rule. The rule commission may
1020require the that each report to contain a declaration by an
1021officer, or any other responsible person authorized to make such
1022declaration, that the report is true and correct to the best of
1023her or his knowledge and belief. Such report must include such
1024information as the commission by rule requires for that type of
1025money transmitter.
1026     (c)  The office may levy an administrative fine of up to
1027$100 per day for each day the report is past due, unless it is
1028excused for good cause. In excusing any such administrative
1029fine, the office may consider the prior payment history of the
1030money transmitter or authorized vendor.
1031     (3)  Any person who willfully violates this section or
1032fails to comply with any lawful written demand or order of the
1033office made under this section commits a felony of the third
1034degree, punishable as provided in s. 775.082, s. 775.083, or s.
1035775.084.
1036     Section 15.  Section 560.119, Florida Statutes, is
1037transferred, renumbered as section 560.144, Florida Statutes,
1038and amended to read:
1039     560.144 560.119  Deposit of fees and assessments.--License
1040The application fees, license registration renewal fees, late
1041payment penalties, civil penalties, administrative fines, and
1042other fees, costs, or penalties provided for in this chapter the
1043code shall, in all cases, be paid directly to the office, which
1044shall deposit such proceeds into the Regulatory Trust Fund, and
1045use the proceeds to pay the costs of the office as necessary to
1046carry out its responsibilities under this chapter. Each year,
1047the Legislature shall appropriate from the trust fund to the
1048office sufficient moneys to pay the office's costs for
1049administration of the code. The Regulatory Trust Fund is subject
1050to the service charge imposed pursuant to chapter 215.
1051     Section 16.  Section 560.121, Florida Statutes, is amended
1052to read:
1053     560.121  Access to records; record retention; penalties
1054limited restrictions upon public access.--
1055     (1)(a)  Orders of courts or of administrative law judges
1056for the production of confidential records or information must
1057shall provide for inspection in camera by the court or the
1058administrative law judge; and, if after the court or
1059administrative law judge determines has made a determination
1060that the documents requested are relevant or would likely lead
1061to the discovery of admissible evidence, said documents shall be
1062subject to further orders by the court or the administrative law
1063judge must issue further orders to protect the confidentiality
1064of the documents thereof. Any order directing the release of
1065information is shall be immediately reviewable, and a petition
1066by the office for review of the such order shall automatically
1067stay further proceedings in the trial court or the
1068administrative hearing until the disposition of the such
1069petition by the reviewing court. If any other party files such A
1070petition for review of the order filed by any other party shall,
1071it will operate as a stay of the such proceedings only upon
1072order of the reviewing court.
1073     (2)(b)  Confidential records and information furnished
1074pursuant to a legislative subpoena must shall be kept
1075confidential by the legislative body or committee which receives
1076the records or information, except in cases a case involving the
1077investigation of charges against a public official subject to
1078impeachment or removal, and then disclosure of such information
1079shall be only to the extent determined to be necessary by the
1080legislative body or committee to be necessary.
1081     (3)(2)  The commission may prescribe by rule the minimum
1082information that must be shown in the books, accounts, records,
1083and documents of licensees for purposes of enabling the office
1084to determine the licensee's compliance with this chapter. In
1085addition, the commission may prescribe by rule requirements for
1086the destruction of books, accounts, records, and documents
1087retained by the licensee after completion of the time period
1088specified in this subsection. Examination reports, investigatory
1089records, applications, and related information compiled by the
1090office, or photographic copies thereof, must shall be retained
1091by the office for a period of at least 5 3 years after following
1092the date that the examination or investigation ceases to be
1093active. Application records, and related information compiled by
1094the office, or photographic copies thereof, must shall be
1095retained by the office for a period of at least 5 2 years after
1096following the date that the license registration ceases to be
1097active.
1098     (3)  A copy of any document on file with the office which
1099is certified by the office as being a true copy may be
1100introduced in evidence as if it were the original. The
1101commission shall establish a schedule of fees for preparing true
1102copies of documents.
1103     (4)  Any person who willfully discloses information made
1104confidential by this section commits a felony of the third
1105degree, punishable as provided in s. 775.082, s. 775.083, or s.
1106775.084.
1107     Section 17.  Section 560.123, Florida Statutes, is amended
1108to read:
1109     560.123  Florida Control of Money Laundering in the Money
1110Services Business Act Transmitters' Code; reports of
1111transactions involving currency or monetary instruments; when
1112required; purpose; definitions; penalties; corpus delicti.--
1113     (1)  This section may be cited as the "Florida Control of
1114Money Laundering in Money Services Business Transmitters Act."
1115     (2)  It is The purpose of this section is to require the
1116submission to the office of reports and the maintenance of
1117certain records of transactions involving currency or payment
1118monetary instruments in order to which reports and records deter
1119the use of a money services business money transmitters to
1120conceal proceeds from criminal activity and to ensure the
1121availability of such records for are useful in criminal, tax, or
1122regulatory investigations or proceedings.
1123     (3)(a)  A Every money services business must transmitter
1124shall keep a record of every each financial transaction
1125occurring in this state known to it which occurs in this state;
1126involves to involve currency or other payment monetary
1127instrument, as prescribed the commission prescribes by rule,
1128having of a value greater than in excess of $10,000; and
1129involves, to involve the proceeds of specified unlawful
1130activity, or is to be designed to evade the reporting
1131requirements of this section or chapter 896. The money services
1132business must and shall maintain appropriate procedures to
1133ensure compliance with this section and chapter 896.
1134     (a)(b)  Multiple financial transactions shall be treated as
1135a single transaction if the money services business transmitter
1136has knowledge that they are made by or on behalf of any one
1137person and result in either cash in or cash out totaling more
1138than $10,000 during any day.
1139     (b)(c)  A Any money services business transmitter may keep
1140a record of any financial transaction occurring in this state,
1141regardless of the value, if it suspects that the transaction
1142involves the proceeds of specified unlawful activity.
1143     (c)  The money services business must file a report with
1144the office of any records required by this subsection, at such
1145time and containing such information as required by rule. The
1146timely filing of the report required by 31 U.S.C. s. 5313 with
1147the appropriate federal agency shall be deemed compliance with
1148the reporting requirements of this subsection unless the reports
1149are not regularly and comprehensively transmitted by the federal
1150agency to the office.
1151     (d)  A money services business transmitter, or officer,
1152employee, or agent thereof, that files a report in good faith
1153pursuant to this section is not liable to any person for loss or
1154damage caused in whole or in part by the making, filing, or
1155governmental use of the report, or any information contained
1156therein.
1157     (4)(3)  A money services business transmitters must comply
1158with adhere to the money laundering, enforcement, and reporting
1159provisions of s. 655.50, relating to reports of transactions
1160involving currency transactions and payment monetary
1161instruments, and of chapter 896, concerning offenses relating to
1162financial transactions.
1163     (5)(4)  In enforcing this section, the commission and
1164office shall acknowledge and take into consideration the
1165requirements of Title 31, United States Code, in order both to
1166reduce the burden of fulfilling duplicate requirements and to
1167acknowledge the economic advantage of having similar reporting
1168and recordkeeping requirements between state and federal
1169regulatory authorities.
1170     (5)(a)  Each money transmitter must file a report with the
1171office of the record required by this section. Each record filed
1172pursuant to this section must be filed at such time and contain
1173such information as the commission requires by rule.
1174     (b)  The timely filing of the report required by 31 U.S.C.
1175s. 5313, with the appropriate federal agency is deemed
1176compliance with the reporting requirements of this subsection
1177unless the reports are not regularly and comprehensively
1178transmitted by the federal agency to the office.
1179     (6)  The office must retain a copy of all reports received
1180under subsection (3) (5) for a minimum of 5 3 calendar years
1181after receipt of the report. However, if a report or information
1182contained in a report is known by the office to be the subject
1183of an existing criminal proceeding, the report must be retained
1184for a minimum of 10 calendar years after from the date of
1185receipt.
1186     (7)  In addition to any other powers conferred upon the
1187office to enforce and administer this chapter the code, the
1188office may:
1189     (a)  Bring an action in any court of competent jurisdiction
1190to enforce or administer this section. In such action, the
1191office may seek award of any civil penalty authorized by law and
1192any other appropriate relief at law or equity.
1193     (b)  Issue and serve upon a person an order requiring the
1194such person to cease and desist and take corrective action if
1195whenever the office finds that the such person is violating, has
1196violated, or is about to violate any provision of this section
1197or chapter 896; any rule or order adopted under this section or
1198chapter 896; or any written agreement related to this section or
1199chapter 896 which is entered into with the office.
1200     (c)  Issue and serve upon a person an order suspending or
1201revoking the such person's money services business license if
1202transmitter registration whenever the office finds that the such
1203person is violating, has violated, or is about to violate any
1204provision of this section or chapter 896; any rule or order
1205adopted under this section or chapter 896; or any written
1206agreement related to this section or chapter 896 which is
1207entered into with the office.
1208     (d)  Issue and serve upon any person an order of removal
1209whenever the office finds that the such person is violating, has
1210violated, or is about to violate any provision of this section
1211or chapter 896; any rule or order adopted under this section or
1212chapter 896; or any written agreement related to this section or
1213chapter 896 which is entered into with the office.
1214     (e)  Impose and collect an administrative fine against any
1215person found to have violated any provision of this section or
1216chapter 896; any rule or order adopted under this section or
1217chapter 896; or any written agreement related to this section or
1218chapter 896 which is entered into with the office, of up to in
1219an amount not exceeding $10,000 per a day for each willful
1220violation or $500 per a day for each negligent violation.
1221     (8)(a)  Except as provided in paragraph (b), a person who
1222willfully violates any provision of this section commits a
1223misdemeanor of the first degree, punishable as provided in s.
1224775.082 or s. 775.083.
1225     (b)  A person who willfully violates any provision of this
1226section, if the violation involves:
1227     1.  Currency or payment instruments exceeding $300 but less
1228than $20,000 in any 12-month period, commits a felony of the
1229third degree, punishable as provided in s. 775.082, s. 775.083,
1230or s. 775.084.
1231     2.  Currency or payment instruments totaling or exceeding
1232$20,000 but less than $100,000 in any 12-month period, commits a
1233felony of the second degree, punishable as provided in s.
1234775.082, s. 775.083, or s. 775.084.
1235     3.  Currency or payment instruments totaling or exceeding
1236$100,000 in any 12-month period, commits a felony of the first
1237degree, punishable as provided in s. 775.082, s. 775.083, or s.
1238775.084.
1239     (c)  In addition to the penalties otherwise authorized by
1240s. 775.082, s. 775.083, or s. 775.084, a person who has been
1241convicted of, or entered a plea of who has pleaded guilty or
1242nolo contendere, regardless of adjudication, to having violated
1243paragraph (b) may be sentenced to pay a fine of up to not
1244exceeding $250,000 or twice the value of the currency or payment
1245instruments, whichever is greater, except that on a second or
1246subsequent conviction for or plea of guilty or nolo contendere,
1247regardless of adjudication, to a violation of paragraph (b), the
1248fine may be up to $500,000 or quintuple the value of the
1249currency or payment instruments, whichever is greater.
1250     (d)  A person who violates this section is also liable for
1251a civil penalty of not more than the greater of the value of the
1252currency or payment instruments involved or $25,000.
1253     (9)  In any prosecution brought pursuant to this section,
1254the common law corpus delicti rule does not apply. The
1255defendant's confession or admission is admissible during trial
1256without the state having to prove the corpus delicti if the
1257court finds in a hearing conducted outside the presence of the
1258jury that the defendant's confession or admission is
1259trustworthy. Before the court admits the defendant's confession
1260or admission, the state must prove by a preponderance of the
1261evidence that there is sufficient corroborating evidence that
1262tends to establish the trustworthiness of the statement by the
1263defendant. Hearsay evidence is admissible during the
1264presentation of evidence at the hearing. In making its
1265determination, the court may consider all relevant corroborating
1266evidence, including the defendant's statements.
1267     Section 18.  Section 560.1235, Florida Statutes, is created
1268to read:
1269     560.1235  Anti-money laundering requirements.--
1270     (1)  A licensee and authorized vendor must comply with all
1271state and federal laws and rules relating to the detection and
1272prevention of money laundering, including, as applicable, s.
1273560.123, and 31 C.F.R. ss. 103.20, 103.22, 103.23, 103.27.
1274103.28, 103.29, 103.33, 103.37, and 103.41.
1275     (2)  A licensee and authorized vendor must maintain an
1276anti-money laundering program in accordance with 31 C.F.R. s.
1277103.125. The program must be reviewed and updated as necessary
1278to ensure that the program continues to be effective in
1279detecting and deterring money laundering activities.
1280     (3)  A licensee must comply with United States Treasury
1281Interpretive Release 2004-1.
1282     Section 19.  Section 560.124, Florida Statutes, is amended
1283to read:
1284     560.124  Sharing of information.--
1285     (1)  It is not unlawful for Any person may to provide
1286information to a money services business transmitter, authorized
1287vendor, law enforcement agency, prosecutorial agency, or
1288appropriate regulator, or for any money services business
1289transmitter, authorized vendor, law enforcement agency,
1290prosecutorial agency, or appropriate regulator may to provide
1291information to any person, information about any other person's
1292known or suspected involvement in a violation of any state,
1293federal, or foreign law, rule, or regulation relating to the
1294business of a money services business or deferred present
1295provider transmitter which has been reported to state, federal,
1296or foreign authorities, and is not.
1297     (2)  No person shall be liable in any civil action for
1298providing such information.
1299     Section 20.  Section 560.125, Florida Statutes, is amended
1300to read:
1301     560.125  Unlicensed activity Money transmitter business by
1302unauthorized persons; penalties.--
1303     (1)  A person other than a registered money transmitter or
1304authorized vendor may not engage in the business of a money
1305services business or deferred presentment provider transmitter
1306in this state unless the person is licensed or exempted from
1307licensure under this chapter from the registration requirements
1308of the code.
1309     (2)  Only a money services business licensed under part II
1310of this chapter may appoint an authorized vendor. No person
1311shall act as a vendor of a money transmitter when such money
1312transmitter is subject to registration under the code but has
1313not registered. Any such person acting as a vendor for an
1314unlicensed money transmitter or payment instrument issuer
1315becomes the principal thereof, and no longer merely acts as a
1316vendor, and such person is liable to the holder or remitter as a
1317principal money transmitter or payment instrument seller.
1318     (3)  Any person whose substantial interests are affected by
1319a proceeding brought by the office pursuant to this chapter the
1320code may, pursuant to s. 560.113, petition any court of
1321competent jurisdiction to enjoin the person or activity that is
1322the subject of the proceeding from violating any of the
1323provisions of this section. For the purpose of this subsection,
1324any money services business licensed under this chapter
1325transmitter registered pursuant to the code, any person residing
1326in this state, and any person whose principal place of business
1327is in this state are presumed to be substantially affected. In
1328addition, the interests of a trade organization or association
1329are deemed substantially affected if the interests of any of its
1330members are so affected.
1331     (4)  The office may issue and serve upon any person who
1332violates any of the provisions of this section a complaint
1333seeking a cease and desist order or impose an administrative
1334fine as provided in s. 560.114 in accordance with the procedures
1335and in the manner prescribed by s. 560.112. The office may also
1336impose an administrative fine pursuant to s. 560.117(3) against
1337any person who violates any of the provisions of this section.
1338     (5)  A person who violates this section, if the violation
1339involves:
1340     (a)  Currency or payment instruments exceeding $300 but
1341less than $20,000 in any 12-month period, commits a felony of
1342the third degree, punishable as provided in s. 775.082, s.
1343775.083, or s. 775.084.
1344     (b)  Currency or payment instruments totaling or exceeding
1345$20,000 but less than $100,000 in any 12-month period, commits a
1346felony of the second degree, punishable as provided in s.
1347775.082, s. 775.083, or s. 775.084.
1348     (c)  Currency or payment instruments totaling or exceeding
1349$100,000 in any 12-month period, commits a felony of the first
1350degree, punishable as provided in s. 775.082, s. 775.083, or s.
1351775.084.
1352     (6)  In addition to the penalties authorized by s. 775.082,
1353s. 775.083, or s. 775.084, a person who has been convicted of,
1354or entered a plea of found guilty of or who has pleaded guilty
1355or nolo contendere, to having violated this section may be
1356sentenced to pay a fine of up to not exceeding $250,000 or twice
1357the value of the currency or payment instruments, whichever is
1358greater, except that on a second or subsequent violation of this
1359section, the fine may be up to $500,000 or quintuple the value
1360of the currency or payment instruments, whichever is greater.
1361     (7)  A person who violates this section is also liable for
1362a civil penalty of not more than the value of the currency or
1363payment instruments involved or $25,000, whichever is greater.
1364     (8)  In any prosecution brought pursuant to this section,
1365the common law corpus delicti rule does not apply. The
1366defendant's confession or admission is admissible during trial
1367without the state having to prove the corpus delicti if the
1368court finds in a hearing conducted outside the presence of the
1369jury that the defendant's confession or admission is
1370trustworthy. Before the court admits the defendant's confession
1371or admission, the state must prove by a preponderance of the
1372evidence that there is sufficient corroborating evidence that
1373tends to establish the trustworthiness of the statement by the
1374defendant. Hearsay evidence is admissible during the
1375presentation of evidence at the hearing. In making its
1376determination, the court may consider all relevant corroborating
1377evidence, including the defendant's statements.
1378     Section 21.  Section 560.126, Florida Statutes, is amended
1379to read:
1380     560.126  Significant events; notice Required notice by
1381licensee.--
1382     (1)  A licensee Unless exempted by the office, every money
1383transmitter must provide the office with a written notice sent
1384by registered mail within 30 days after the occurrence or
1385knowledge of, whichever period of time is greater, any of the
1386following events:
1387     (a)  The filing of a petition under the United States
1388Bankruptcy Code for bankruptcy or reorganization by the licensee
1389money transmitter.
1390     (b)  The commencement of an administrative or judicial
1391license any registration suspension or revocation proceeding,
1392either administrative or judicial, or the denial of a license
1393any original registration request or a registration renewal, by
1394any state, the District of Columbia, any United States
1395territory, or any foreign country, in which the licensee money
1396transmitter operates, or plans to operate, or is licensed or has
1397registered to operate.
1398     (c)  A felony indictment relating to a the money services
1399transmission business or deferred presentment provider involving
1400the licensee, its authorized vendor, or an affiliated money
1401transmitter or a money transmitter-affiliated party of the money
1402transmitter.
1403     (d)  The felony conviction, guilty plea, or plea of nolo
1404contendere, regardless of adjudication, of the licensee, its
1405authorized vendor, or an affiliated if the court adjudicates the
1406nolo contendere pleader guilty, or the adjudication of guilt of
1407a money transmitter or money transmitter-affiliated party.
1408     (e)  The interruption of any corporate surety bond required
1409under this chapter by the code.
1410     (f)  Any suspected criminal act, as defined by the
1411commission by rule, perpetrated in this state relating to
1412activities regulated under this chapter by an affiliated party
1413against a money services business transmitter or authorized
1414vendor.
1415     (g)  Notification by a law enforcement or prosecutorial
1416agency that the licensee or its authorized vendor is under
1417criminal investigation including, but not limited to, subpoenas
1418to produce records or testimony and warrants issued by a court
1419of competent jurisdiction which authorize the search and seizure
1420of any records relating to a business activity regulated under
1421this chapter.
1422
1423However, a person does not incur liability as a result of making
1424a good faith effort to fulfill this disclosure requirement.
1425     (2)(a)  A licensee must Each registrant under this code
1426shall report, on a form adopted prescribed by rule of the
1427commission, any change in the information contained in an any
1428initial license application form, or any amendment to such
1429application, or the appointment of an authorized vendor within
1430thereto not later than 30 days after the change is effective.
1431     (3)(b)  Each licensee must registrant under the code shall
1432report any change changes in the partners, officers, members,
1433joint venturers, directors, controlling shareholders, or
1434responsible persons of the licensee any registrant or changes in
1435the form of business organization by written amendment in such
1436form and at such time as specified the commission specifies by
1437rule.
1438     (a)1.  If In any case in which a person or a group of
1439persons, directly or indirectly or acting by or through one or
1440more persons, proposes to purchase or acquire a controlling
1441interest in a licensee, such person or group must submit an
1442initial application for licensure registration as a money
1443services business or deferred presentment provider transmitter
1444before such purchase or acquisition at such time and in such
1445form as prescribed the commission prescribes by rule.
1446     2.  As used in this subsection, the term "controlling
1447interest" means the same as described in s. 560.127 possession
1448of the power to direct or cause the direction of the management
1449or policies of a company whether through ownership of
1450securities, by contract, or otherwise. Any person who directly
1451or indirectly has the right to vote 25 percent or more of the
1452voting securities of a company or is entitled to 25 percent or
1453more of its profits is presumed to possess a controlling
1454interest.
1455     (b)3.  The Any addition of a partner, officer, member,
1456joint venturer, director, controlling shareholder, or
1457responsible person of the applicant who does not have a
1458controlling interest and who has not previously complied with
1459the applicable provisions of ss. 560.140 and 560.141 is ss.
1460560.205 and 560.306 shall be subject to such provisions unless
1461required to file an initial application in accordance with
1462subparagraph 1. If the office determines that the licensee
1463registrant does not continue to meet the licensure registration
1464requirements, the office may bring an administrative action in
1465accordance with s. 560.114 to enforce the provisions of this
1466chapter code.
1467     (c)4.  The commission shall adopt rules pursuant to ss.
1468120.536(1) and 120.54 providing for the waiver of the license
1469application required by this subsection if the person or group
1470of persons proposing to purchase or acquire a controlling
1471interest in a licensee registrant has previously complied with
1472the applicable provisions of ss. 560.140 and 560.141 under ss.
1473560.205 and 560.306 with the same legal entity or is currently
1474licensed registered with the office under this chapter code. For
1475purposes of this subsection, upon approval of an application
1476filed after April 1, 2008, as a result of a change in
1477controlling interest of a money service business, the active
1478appointment of all authorized vendors and active licenses of all
1479branch offices affiliated with the affected money service
1480business shall be transferred to the new license without
1481necessitating the filing of new applications and fees on behalf
1482of such authorized vendors and branch offices.
1483     Section 22.  Section 560.127, Florida Statutes, is amended
1484to read:
1485     560.127  Control of a money services business
1486transmitter.--A person has a controlling interest in control
1487over a money services business transmitter if the person:
1488     (1)  The individual, partnership, corporation, trust, or
1489other organization Possesses the power, directly or indirectly,
1490to direct the management or policies of the money services
1491business a company, whether through ownership of securities, by
1492contract, or otherwise;. A person is presumed to control a
1493company if, with respect to a particular company, that person:
1494     (a)  Is a director, general partner, or officer exercising
1495executive responsibility or having similar status or functions;
1496     (2)(b)  Directly or indirectly may vote 25 percent or more
1497of a class of a voting security or sell or direct the sale of 25
1498percent or more of a class of voting securities; or
1499     (3)(c)  In the case of a partnership, may receive upon
1500dissolution or has contributed 25 percent or more of the
1501capital.
1502     (2)  The office determines, after notice and opportunity
1503for hearing, that the person directly or indirectly exercises a
1504controlling influence over the activities of the money
1505transmitter.
1506     Section 23.  Section 560.128, Florida Statutes, is amended
1507to read:
1508     560.128  Customer contacts; license display Consumer
1509disclosure.--
1510     (1)  A money services business and authorized vendor must
1511provide each customer with Every money transmitter and
1512authorized vendor shall provide each consumer of a money
1513transmitter transaction a toll-free telephone number for the
1514purpose of contacting the money services business or authorized
1515vendor or, consumer contacts; However, in lieu of a such toll-
1516free telephone number, the money transmitter or authorized
1517vendor may provide the address and telephone number of the
1518office may be provided and the Division of Consumer Services of
1519the Department of Financial Services.
1520     (2)  The commission may by rule require a licensee every
1521money transmitter to display its license registration at each
1522location, including the location of each person designated by
1523the registrant as an authorized vendor, where the licensee the
1524money transmitter engages in the activities authorized by the
1525license registration.
1526     Section 24.  Section 560.129, Florida Statutes, is amended
1527to read:
1528     560.129  Confidentiality.--
1529     (1)(a)  Except as otherwise provided in this section, all
1530information concerning an investigation or examination conducted
1531by the office pursuant to this chapter, including any customer
1532consumer complaint received by the office or the Department of
1533Financial Services, is confidential and exempt from s. 119.07(1)
1534and s. 24(a), Art. I of the State Constitution until the
1535investigation or examination ceases to be active. For purposes
1536of this section, an investigation or examination is considered
1537"active" so long as the office or any other administrative,
1538regulatory, or law enforcement agency of any jurisdiction is
1539proceeding with reasonable dispatch and has a reasonable good
1540faith belief that action may be initiated by the office or other
1541administrative, regulatory, or law enforcement agency.
1542     (2)(b)  Notwithstanding paragraph (a), All information
1543obtained by the office in the course of its investigation or
1544examination which is a trade secret, as defined in s. 688.002,
1545or which is personal financial information shall remain
1546confidential and exempt from s. 119.07(1) and s. 24(a), Art. I
1547of the State Constitution. If any administrative, civil, or
1548criminal proceeding against a the money services business, its
1549authorized vendor, transmitter or an affiliated a money
1550transmitter-affiliated party is initiated and the office seeks
1551to use matter that a licensee registrant believes to be a trade
1552secret or personal financial information, such records shall be
1553subject to an in camera review by the administrative law judge,
1554if the matter is before the Division of Administrative Hearings,
1555or a judge of any court of this state, any other state, or the
1556United States, as appropriate, for the purpose of determining if
1557the matter is a trade secret or is personal financial
1558information. If it is determined that the matter is a trade
1559secret, the matter shall remain confidential. If it is
1560determined that the matter is personal financial information,
1561the matter shall remain confidential unless the administrative
1562law judge or judge determines that, in the interests of justice,
1563the matter should become public.
1564     (3)(c)  If an any administrative, civil, or criminal
1565proceeding against a the money services business, its authorized
1566vendor, transmitter or an affiliated a money transmitter-
1567affiliated party results in an acquittal or the dismissal of all
1568of the allegations against the money transmitter or a money
1569transmitter-affiliated party, upon the request of any party, the
1570administrative law judge or the judge may order all or a portion
1571of the record of the proceeding to be sealed, and it shall
1572thereafter be confidential and exempt from s. 119.07(1) and s.
157324(a), Art. I of the State Constitution.
1574     (4)(d)  Except as necessary for the office or any other
1575administrative, regulatory, or law enforcement agency of any
1576jurisdiction to enforce the provisions of this chapter or the
1577law of any other state or the United States, a consumer
1578complaint and other information concerning an investigation or
1579examination shall remain confidential and exempt from s.
1580119.07(1) and s. 24(a), Art. I of the State Constitution after
1581the investigation or examination ceases to be active to the
1582extent that disclosure would:
1583     (a)1.  Jeopardize the integrity of another active
1584investigation;
1585     (b)2.  Reveal personal financial information;
1586     (c)3.  Reveal the identity of a confidential source; or
1587     (d)4.  Reveal investigative techniques or procedures.
1588     (5)(2)  This section does not prevent or restrict:
1589     (a)  Furnishing records or information to any appropriate
1590regulatory, prosecutorial, agency or law enforcement agency if
1591such agency adheres to the confidentiality provisions of this
1592chapter the code;
1593     (b)  Furnishing records or information to an appropriate
1594regulator or independent third party or a certified public
1595accountant who has been approved by the office to conduct an
1596examination under s. 560.1091 s. 560.118(1)(b), if the
1597independent third party or certified public accountant adheres
1598to the confidentiality provisions of this chapter the code; or
1599     (c)  Reporting any suspicious suspected criminal activity,
1600with supporting documents and information, to appropriate
1601regulatory, law enforcement, or prosecutorial agencies.
1602     (6)(3)  All quarterly reports submitted by a money
1603transmitter to the office under s. 560.118(2) s. 560.118(2)(b)
1604are confidential and exempt from s. 119.07(1) and s. 24(a), Art.
1605I of the State Constitution.
1606     (4)  Examination reports, investigatory records,
1607applications, and related information compiled by the office, or
1608photographic copies thereof, shall be retained by the office for
1609a period of at least 3 years following the date that the
1610examination or investigation ceases to be active. Application
1611records, and related information compiled by the office, or
1612photographic copies thereof, shall be retained by the office for
1613a period of at least 2 years following the date that the
1614registration ceases to be active.
1615     (7)(5)  Any person who willfully discloses information made
1616confidential by this section commits a felony of the third
1617degree, punishable as provided in s. 775.082 or s. 775.083.
1618     Section 25.  Section 560.140, Florida Statutes, is created
1619to read:
1620     560.140  Licensing standards.--To qualify for licensure as
1621a money services business under this chapter, an applicant must:
1622     (1)  Demonstrate to the office the character and general
1623fitness necessary to command the confidence of the public and
1624warrant the belief that the money services business or deferred
1625presentment provider shall be operated lawfully and fairly.
1626     (2)  Be legally authorized to do business in this state.
1627     (3)  Be registered as a money services business with the
1628Financial Crimes Enforcement Network as required by 31 C.F.R. s.
1629103.41, if applicable.
1630     (4)  Have an anti-money laundering program in place which
1631meets the requirements of 31 C.F.R. s. 103.125.
1632     (5)  Provide the office with all the information required
1633under this chapter and related rules.
1634     Section 26.  Section 560.141, Florida Statutes, is created
1635to read:
1636     560.141  License application.--
1637     (1)  To apply for a license as a money services business
1638under this chapter the applicant must:
1639     (a)  Submit an application to the office on forms
1640prescribed by rule which includes the following information:
1641     1.  The legal name and address of the applicant, including
1642any fictitious or trade names used by the applicant in the
1643conduct of its business.
1644     2.  The date of the applicant's formation and the state in
1645which the applicant was formed, if applicable.
1646     3.  The name, social security number, alien identification
1647or taxpayer identification number, business and residence
1648addresses, and employment history for the past 5 years for each
1649officer, director, responsible person, the compliance officer,
1650each controlling shareholder, any other person who has a
1651controlling interest in the money services business as provided
1652in s. 560.127.
1653     4.  A description of the organizational structure of the
1654applicant, including the identity of any parent or subsidiary of
1655the applicant, and the disclosure of whether any parent or
1656subsidiary is publicly traded.
1657     5.  The applicant's history of operations in other states
1658if applicable and a description of the money services business
1659or deferred presentment provider activities proposed to be
1660conducted by the applicant in this state.
1661     6.  If the applicant or its parent is a publicly traded
1662company, copies of all filings made by the applicant with the
1663United States Securities and Exchange Commission, or with a
1664similar regulator in a country other than the United States,
1665within the preceding year.
1666     7.  The location at which the applicant proposes to
1667establish its principal place of business and any other
1668location, including branch offices and authorized vendors
1669operating in this state. For each branch office identified and
1670each authorized vendor appointed, the applicant shall include
1671the nonrefundable fee required by s. 560.143.
1672     8.  The name and address of the clearing financial
1673institution or financial institutions through which the
1674applicant's payment instruments are drawn or through which the
1675payment instruments are payable.
1676     9.  The history of the applicant's material litigation,
1677criminal convictions, pleas of nolo contendere, and cases of
1678adjudication withheld.
1679     10.  The history of material litigation, arrests, criminal
1680convictions, pleas of nolo contendere, and cases of adjudication
1681withheld for each executive officer, director, controlling
1682shareholder, and responsible person.
1683     11.  The name of the registered agent in this state for
1684service of process unless the applicant is a sole proprietor.
1685     12.  Any other information specified in this chapter or by
1686rule.
1687     (b)  In addition to the application form, submit:
1688     1.  A nonrefundable application fee as provided in s.
1689560.143.
1690     2.  A fingerprint card for each of the persons listed in
1691subparagraph (a)3. unless the applicant is a publicly traded
1692corporation, or is exempted from this chapter under s.
1693560.104(1). The fingerprints must be taken by an authorized law
1694enforcement agency. The office shall submit the fingerprints to
1695the Department of Law Enforcement for state processing and the
1696Department of Law Enforcement shall forward the fingerprints to
1697the Federal Bureau of Investigations for federal processing. The
1698cost of the fingerprint processing may be borne by the office,
1699the employer, or the person subject to the criminal records
1700background check. The office shall screen the background results
1701to determine if the applicant meets licensure requirements. As
1702used in this section, the term "publicly traded" means a stock
1703is currently traded on a national securities exchange registered
1704with the federal Securities and Exchange Commission or traded on
1705an exchange in a country other than the United States regulated
1706by a regulator equivalent to the Securities and Exchange
1707Commission and the disclosure and reporting requirements of such
1708regulator are substantially similar to those of the commission.
1709     3.  A copy of the applicant's written anti-money laundering
1710program required under 31 C.F.R. s. 103.125.
1711     4.  Within the time allotted by rule, any information
1712needed to resolve any deficiencies found in the application.
1713     (2)  If the office determines that the applicant meets the
1714qualifications and requirements of this chapter, the office
1715shall issue a license to the applicant. A license may not be
1716issued for more than 2 years.
1717     (a)  A license issued under part II of this chapter shall
1718expire on April 30 of the second year following the date of
1719issuance of the license unless during such period the license is
1720surrendered, suspended, or revoked.
1721     (b)  A license issued under part III of this chapter shall
1722expire on December 31 of the second year following the date of
1723issuance of the license unless during such period the license is
1724surrendered, suspended, or revoked.
1725     Section 27.  Section 560.142, Florida Statutes, is created
1726to read:
1727     560.142  License renewal.--
1728     (1)  A license may be renewed for a subsequent 2-year
1729period by furnishing such application as required by rule,
1730together with the payment of a nonrefundable renewal fee as
1731provided under s. 560.143, on or before the license expiration
1732date, or for the remainder of any such period without proration
1733following the date of license expiration.
1734     (2)  In addition to the renewal fee, each part II licensee  
1735must pay a 2-year nonrefundable renewal fee as provided in s.
1736560.143 for each authorized vendor or location operating within
1737this state.
1738     (3)  A licensee who has on file with the office a
1739declaration of intent to engage in deferred presentment
1740transactions may renew a declaration upon license renewal by
1741submitting a nonrefundable deferred presentment provider renewal
1742fee as provided in s. 560.143.
1743     (4)  If a license or declaration of intent to engage in
1744deferred presentment transactions expires, the license or
1745declaration of intent may be reinstated only if a renewal
1746application or declaration of intent, all required renewal fees,
1747and any applicable late fees are received by the office within
174860 days after expiration. If not submitted within 60 days, the
1749license or declaration on intent expires and a new license
1750application or declaration of intent must be filed with the
1751office pursuant to this chapter.
1752     (5) The commission may adopt rules to administer this
1753section.
1754     Section 28.  Section 560.143, Florida Statutes, is created
1755to read:
1756     560.143  Fees.--
1757     (1)  LICENSE APPLICATION FEES.--The applicable non-
1758refundable fees must accompany an application for licensure:
1759     (a)  Under part II                                      $375.
1760     (b)  Part III                                           $188.
1761     (c)  Per branch office                                  $38.
1762     (d)  For each appointment of an authorized vendor         $38.
1763     (e)  Declaration as a deferred presentment provider  $750.
1764     (f)  Fingerprint fees as prescribed by rule.
1765     (2)  LICENSE RENEWAL FEES.--The applicable non-refundable
1766license renewal fees must accompany a renewal of licensure:
1767     (a)  Part II                                            $750.
1768     (b)  Part III                                            $375.
1769     (c)  Per branch office                                   $38.
1770     (d)  For each appointment of an authorized vendors     $38.
1771     (e)  Declaration as a deferred presentment provider $1,000.
1772     (f)  Renewal fees for branch offices and authorized vendors
1773are limited to $20,000 biennially.
1774     (3)  LATE LICENSE RENEWAL FEES.--
1775     (a)  Part II                                            $500.
1776     (b)  Part III                                            $250.
1777     (c)  Declaration as a deferred presentment provider   $500.
1778     Section 29.  Section 560.203, Florida Statutes, is amended
1779to read:
1780     560.203  Exemptions from licensure.--Authorized vendors of
1781a licensee registrant acting within the scope of authority
1782conferred by the licensee are registrant shall be exempt from
1783licensure but are having to register pursuant to the code but
1784shall otherwise be subject to the its provisions of this
1785chapter.
1786     Section 30.  Section 560.204, Florida Statutes, is amended
1787to read:
1788     560.204  License required Requirement of registration.--
1789     (1)  Unless exempted, a No person may not shall engage in
1790for consideration, or nor in any manner advertise that they
1791engage, in, the selling or issuing of payment instruments or in
1792the activity of a money funds transmitter, for compensation,
1793without first obtaining a license registration under the
1794provisions of this part. For purposes of this section,
1795"compensation" includes profit or loss on the exchange of
1796currency.
1797     (2)  A licensee under this part person registered pursuant
1798to this part is permitted to engage in the activities authorized
1799by this part. A person registered pursuant to this part may also
1800engage in the activities authorized under part III of this
1801chapter without the imposition of any additional licensing fees
1802and is exempt from the registration fee required by s. 560.307.
1803     Section 31.  Section 560.205, Florida Statutes, is amended
1804to read:
1805     560.205  Additional license application requirements
1806Qualifications of applicant for registration; contents.--In
1807addition to the license application requirements under part I of
1808this chapter, an applicant seeking a license under this part
1809must also submit to the office:
1810     (1)  A sample authorized vendor contract, if applicable.
1811     (2)  A sample form of payment instrument, if applicable.
1812     (3)  Documents demonstrating that the net worth and bonding
1813requirements specified in s. 560.209 have been fulfilled.
1814     (4)  A copy of the applicant's financial audit report for
1815the most recent fiscal year. If the applicant is a wholly owned
1816subsidiary of another corporation, the financial audit report on
1817the parent corporation's financial statements shall satisfy this
1818requirement.
1819     (1)  To qualify for registration under this part, an
1820applicant must demonstrate to the office such character and
1821general fitness as to command the confidence of the public and
1822warrant the belief that the registered business will be operated
1823lawfully and fairly. The office may investigate each applicant
1824to ascertain whether the qualifications and requirements
1825prescribed by this part have been met. The office's
1826investigation may include a criminal background investigation of
1827all controlling shareholders, principals, officers, directors,
1828members, and responsible persons of a funds transmitter and a
1829payment instrument seller and all persons designated by a funds
1830transmitter or payment instrument seller as an authorized
1831vendor. Each controlling shareholder, principal, officer,
1832director, member, and responsible person of a funds transmitter
1833or payment instrument seller, unless the applicant is a publicly
1834traded corporation as defined by the commission by rule, a
1835subsidiary thereof, or a subsidiary of a bank or bank holding
1836company organized and regulated under the laws of any state or
1837the United States, shall file a complete set of fingerprints. A
1838fingerprint card submitted to the office must be taken by an
1839authorized law enforcement agency. The office shall submit the
1840fingerprints to the Department of Law Enforcement for state
1841processing, and the Department of Law Enforcement shall forward
1842the fingerprints to the Federal Bureau of Investigation for
1843state and federal processing. The cost of the fingerprint
1844processing may be borne by the office, the employer, or the
1845person subject to the background check. The Department of Law
1846Enforcement shall submit an invoice to the office for the
1847fingerprints received each month. The office shall screen the
1848background results to determine if the applicant meets licensure
1849requirements. The commission may waive by rule the requirement
1850that applicants file a set of fingerprints or the requirement
1851that such fingerprints be processed by the Department of Law
1852Enforcement or the Federal Bureau of Investigation.
1853     (2)  Each application for registration must be submitted
1854under oath to the office on such forms as the commission
1855prescribes by rule and must be accompanied by a nonrefundable
1856application fee. Such fee may not exceed $500 for each payment
1857instrument seller or funds transmitter and $50 for each
1858authorized vendor or location operating within this state. The
1859application must contain such information as the commission
1860requires by rule, including, but not limited to:
1861     (a)  The name and address of the applicant, including any
1862fictitious or trade names used by the applicant in the conduct
1863of its business.
1864     (b)  The history of the applicant's material litigation,
1865criminal convictions, pleas of nolo contendere, and cases of
1866adjudication withheld.
1867     (c)  A description of the activities conducted by the
1868applicant, the applicant's history of operations, and the
1869business activities in which the applicant seeks to engage in
1870this state.
1871     (d)  A sample authorized vendor contract, if applicable.
1872     (e)  A sample form of payment instrument, if applicable.
1873     (f)  The name and address of the clearing financial
1874institution or financial institutions through which the
1875applicant's payment instruments will be drawn or through which
1876such payment instruments will be payable.
1877     (g)  Documents revealing that the net worth and bonding
1878requirements specified in s. 560.209 have been or will be
1879fulfilled.
1880     (3)  Each application for registration by an applicant that
1881is a corporation shall contain such information as the
1882commission requires by rule, including, but not limited to:
1883     (a)  The date of the applicant's incorporation and state of
1884incorporation.
1885     (b)  A certificate of good standing from the state or
1886country in which the applicant was incorporated.
1887     (c)  A description of the corporate structure of the
1888applicant, including the identity of any parent or subsidiary of
1889the applicant, and the disclosure of whether any parent or
1890subsidiary is publicly traded on any stock exchange.
1891     (d)  The name, social security number, business and
1892residence addresses, and employment history for the past 5 years
1893for each executive officer, each director, each controlling
1894shareholder, and the responsible person who will be in charge of
1895all the applicant's business activities in this state.
1896     (e)  The history of material litigation and criminal
1897convictions, pleas of nolo contendere, and cases of adjudication
1898withheld for each officer, each director, each controlling
1899shareholder, and the responsible person who will be in charge of
1900the applicant's registered activities.
1901     (f)  Copies of the applicant's audited financial statements
1902for the current year and, if available, for the immediately
1903preceding 2-year period. In cases where the applicant is a
1904wholly owned subsidiary of another corporation, the parent's
1905consolidated audited financial statements may be submitted to
1906satisfy this requirement. An applicant who is not required to
1907file audited financial statements may satisfy this requirement
1908by filing unaudited financial statements verified under penalty
1909of perjury, as provided by the commission by rule.
1910     (g)  An applicant who is not required to file audited
1911financial statements may file copies of the applicant's
1912unconsolidated, unaudited financial statements for the current
1913year and, if available, for the immediately preceding 2-year
1914period.
1915     (h)  If the applicant is a publicly traded company, copies
1916of all filings made by the applicant with the United States
1917Securities and Exchange Commission, or with a similar regulator
1918in a country other than the United States, within the year
1919preceding the date of filing of the application.
1920     (4)  Each application for registration submitted to the
1921office by an applicant that is not a corporation shall contain
1922such information as the commission requires by rule, including,
1923but not limited to:
1924     (a)  Evidence that the applicant is registered to do
1925business in this state.
1926     (b)  The name, business and residence addresses, personal
1927financial statement and employment history for the past 5 years
1928for each individual having a controlling ownership interest in
1929the applicant, and each responsible person who will be in charge
1930of the applicant's registered activities.
1931     (c)  The history of material litigation and criminal
1932convictions, pleas of nolo contendere, and cases of adjudication
1933withheld for each individual having a controlling ownership
1934interest in the applicant and each responsible person who will
1935be in charge of the applicant's registered activities.
1936     (d)  Copies of the applicant's audited financial statements
1937for the current year, and, if available, for the preceding 2
1938years. An applicant who is not required to file audited
1939financial statements may satisfy this requirement by filing
1940unaudited financial statements verified under penalty of
1941perjury, as provided by the commission by rule.
1942     (5)  Each applicant shall designate and maintain an agent
1943in this state for service of process.
1944     Section 32.  Section 560.208, Florida Statutes, is amended
1945to read:
1946     560.208  Conduct of business.--In addition to the
1947requirements specified in s. 560.140, a licensee under this
1948part:
1949     (1)  A registrant May conduct its business at one or more
1950locations within this state through branches or by means of
1951authorized vendors, as designated by the licensee registrant,
1952including the conduct of business through electronic transfer,
1953such as by the telephone or the Internet.
1954     (2)  Notwithstanding and without violating s. 501.0117, a
1955registrant may charge a different price for a money transmitter
1956funds transmission service based on the mode of transmission
1957used in the transaction as, so long as the price charged for a
1958service paid for with a credit card is not more greater than the
1959price charged when the that service is paid for with currency or
1960other similar means accepted within the same mode of
1961transmission.
1962     (3)  Is responsible for the acts of its authorized vendors
1963in accordance with the terms of its written contract with the
1964vendor.
1965     (4)  Shall place assets that are the property of a customer
1966in a segregated account in a federally insured financial
1967institution and shall maintain separate accounts for operating
1968capital and the clearing of customer funds.
1969     (5)  Shall, in the normal course of business, ensure that
1970money transmitted is available to the designated recipient
1971within 10 business days after receipt.
1972     (6)  Shall immediately upon receipt of currency or payment
1973instrument provide a confirmation or sequence number to the
1974customer verbally, by paper, or electronically.
1975     (2)  Within 60 days after the date a registrant either
1976opens a location within this state or authorizes an authorized
1977vendor to operate on the registrant's behalf within this state,
1978the registrant shall notify the office on a form prescribed by
1979the commission by rule. The notification shall be accompanied by
1980a nonrefundable $50 fee for each authorized vendor or location.
1981Each notification shall also be accompanied by a financial
1982statement demonstrating compliance with s. 560.209(1), unless
1983compliance has been demonstrated by a financial statement filed
1984with the registrant's quarterly report in compliance with s.
1985560.118(2). The financial statement must be dated within 90 days
1986of the date of designation of the authorized vendor or location.
1987This subsection shall not apply to any authorized vendor or
1988location that has been designated by the registrant before
1989October 1, 2001.
1990     (3)  Within 60 days after the date a registrant closes a
1991location within this state or withdraws authorization for an
1992authorized vendor to operate on the registrant's behalf within
1993this state, the registrant shall notify the office on a form
1994prescribed by the commission by rule.
1995     Section 33.  Section 560.2085, Florida Statutes, is created
1996to read:
1997     560.2085  Authorized vendors.--A licensee under this part
1998shall:
1999     (1)  Within 60 days after an authorized vendor commences
2000business, file with the office such information as prescribed by
2001rule together with the nonrefundable appointment fee as provided
2002by s. 560.143. This requirement applies to vendors who are also
2003terminated within the 60-day period.
2004     (2)  Enter into a written contract, signed by the licensee
2005and the authorized vendor, which:
2006     (a)  Sets forth the nature and scope of the relationship
2007between the licensee and the authorized vendor, including the
2008respective rights and responsibilities of the parties; and
2009     (b)  Includes contract provisions that require the
2010authorized vendor to:
2011     1.  Report to the licensee, immediately upon discovery, the
2012theft or loss of currency received for a transmission or payment
2013instrument;
2014     2.  Display a notice to the public, in such form as
2015prescribed by rule, that the vendor is the authorized vendor of
2016the licensee;
2017     3.  Remit all amounts owed to the licensee for all
2018transmissions accepted and all payment instruments sold in
2019accordance with the contract between the licensee and the
2020authorized vendor;
2021     4.  Hold in trust all currency or payment instruments
2022received for transmissions or for the purchase of payment
2023instruments from the time of receipt by the licensee or
2024authorized vendor until the time the transmission obligation is
2025completed;
2026     5.  Not commingle the money received for transmissions
2027accepted or payment instruments sold on behalf of the licensee
2028with the money or property of the authorized vendor, except for
2029making change in the ordinary course of the vendor's business,
2030and ensure that the money is accounted for at the end of the
2031business day;
2032     6.  Consent to examination or investigation by the office;
2033     7.  Adhere to the applicable state and federal laws and
2034rules pertaining to a money services business; and
2035     8.  Provide such other information or disclosure as may be
2036required by rule.
2037     (3)  Develop and implement written policies and procedures
2038to monitor compliance with applicable state and federal law by
2039its authorized vendors.
2040     Section 34.  Section 560.209, Florida Statutes, is amended
2041to read:
2042     560.209  Net worth; corporate surety bond; collateral
2043deposit in lieu of bond.--
2044     (1)  A licensee must Any person engaging in a registered
2045activity shall have a net worth of at least $100,000 computed
2046according to generally accepted accounting principles. A
2047licensee operating in Applicants proposing to conduct registered
2048activities at more than one location must shall have an
2049additional net worth of $10,000 $50,000 per location in this
2050state, up as applicable, to a maximum of $2 million $500,000.
2051The required net worth must be maintained at all times.
2052     (2)  A licensee must obtain an annual financial audit
2053report, which must be submitted to the office within 120 days
2054after the end of the licensee's fiscal year end, as disclosed to
2055the office. If the applicant is a wholly owned subsidiary of
2056another corporation, the financial audit report on the parent
2057corporation's financial statements shall satisfy this
2058requirement.
2059     (3)(2)  Before the office may issue a license under this
2060part registration, the applicant must provide to the office a
2061corporate surety bond, issued by a bonding company or insurance
2062company authorized to do business in this state.
2063     (a)  The corporate surety bond shall be in an such amount
2064as specified may be determined by commission rule, but may shall
2065not be less than $50,000 or exceed $2 million $250,000. The rule
2066shall provide allowances for the financial condition, number of
2067locations, and anticipated volume of the licensee. However, the
2068commission and office may consider extraordinary circumstances,
2069such as the registrant's financial condition, the number of
2070locations, and the existing or anticipated volume of outstanding
2071payment instruments or funds transmitted, and require an
2072additional amount above $250,000, up to $500,000.
2073     (b)  The corporate surety bond must shall be in a form
2074satisfactory to the office and shall run to the state for the
2075benefit of any claimants in this state against the applicant or
2076its authorized vendors to secure the faithful performance of the
2077obligations of the applicant and its authorized vendors with
2078respect to the receipt, handling, transmission, and payment of
2079funds. The aggregate liability of the corporate surety bond may
2080not in no event shall exceed the principal sum of the bond. Such
2081Claimants against the applicant or its authorized vendors may
2082themselves bring suit directly on the corporate surety bond, or
2083the Department of Legal Affairs may bring suit thereon on behalf
2084of the such claimants, in either one action or in successive
2085actions.
2086     (c)  The A corporate surety bond filed with the office for
2087purposes of compliance with this section may not be canceled by
2088either the licensee registrant or the corporate surety except
2089upon written notice to the office by registered or certified
2090mail with return receipt requested. A cancellation may shall not
2091take effect until less than 30 days after receipt by the office
2092of the such written notice.
2093     (d)  The corporate surety must, within 10 days after it
2094pays any claim to any claimant, give written notice to the
2095office by registered or certified mail of such payment with
2096details sufficient to identify the claimant and the claim or
2097judgment so paid.
2098     (e)  If Whenever the principal sum of the such bond is
2099reduced by one or more recoveries or payments, the licensee
2100registrant must furnish a new or additional bond so that the
2101total or aggregate principal sum of the such bond equals the sum
2102required pursuant to paragraph (a) by the commission.
2103Alternatively, a licensee registrant may furnish an endorsement
2104executed by the corporate surety reinstating the bond to the
2105required principal sum thereof.
2106     (4)(3)  In lieu of a such corporate surety bond, or of any
2107portion of the principal sum thereof required by this section,
2108the applicant may deposit collateral cash, securities, or
2109alternative security devices as provided by rule approved by the
2110commission, with a any federally insured financial institution.
2111     (a)  Acceptable collateral deposit items in lieu of a bond
2112include cash and interest-bearing stocks and bonds, notes,
2113debentures, or other obligations of the United States or any
2114agency or instrumentality thereof, or guaranteed by the United
2115States, or of this state.
2116     (b)  The collateral deposit must be in an aggregate amount,
2117based upon principal amount or market value, whichever is lower,
2118of at least not less than the amount of the required corporate
2119surety bond or portion thereof.
2120     (c)  Collateral deposits must made under this subsection
2121shall be pledged to the office and held by the insured financial
2122institution to secure the same obligations as would the
2123corporate surety bond, but the depositor is entitled to receive
2124any all interest and dividends thereon and may, with the
2125approval of the office, substitute other securities or deposits
2126for those deposited. The principal amount of the deposit shall
2127be released only on written authorization of the office or on
2128the order of a court of competent jurisdiction.
2129     (5)(4)  A licensee registrant must at all times have and
2130maintain the bond or collateral deposit in the required amount
2131prescribed by the commission. If the office at any time
2132reasonably determines that the bond or elements of the
2133collateral deposit are insecure, deficient in amount, or
2134exhausted in whole or in part, the office may, by written order,
2135require the filing of a new or supplemental bond or the deposit
2136of new or additional collateral deposit items.
2137     (6)(5)  The bond and collateral deposit shall remain in
2138place for 5 years after the licensee registrant ceases licensed
2139registered operations in this state. The office may allow permit
2140the bond or collateral deposit to be reduced or eliminated prior
2141to that time to the extent that the amount of the licensee's
2142registrant's outstanding payment instruments or money funds
2143transmitted in this state are reduced. The office may also allow
2144a licensee permit a registrant to substitute a letter of credit
2145or such other form of acceptable security for the bond or
2146collateral deposit at the time the licensee registrant ceases
2147licensed money transmission operations in this state.
2148     (6)  The office may waive or reduce a registrant's net
2149worth or bond or collateral deposit requirement. Such waiver or
2150modification must be requested by the applicant or registrant,
2151and may be granted upon a showing by the applicant or registrant
2152to the satisfaction of the office that:
2153     (a)  The existing net worth, bond, or collateral deposit
2154requirement is sufficiently in excess of the registrant's
2155highest potential level of outstanding payment instruments or
2156money transmissions in this state;
2157     (b)  The direct and indirect cost of meeting the net worth,
2158bond, or collateral deposit requirement will restrict the
2159ability of the money transmitter to effectively serve the needs
2160of its customers and the public; or
2161     (c)  The direct and indirect cost of meeting the net worth,
2162bond, or collateral requirement will not only have a negative
2163impact on the money transmitter but will severely hinder the
2164ability of the money transmitter to participate in and promote
2165the economic progress and welfare of this state or the United
2166States.
2167     Section 35.  Section 560.210, Florida Statutes, is amended
2168to read:
2169     560.210  Permissible investments.--
2170     (1)  A licensee must registrant shall at all times possess
2171permissible investments with an aggregate market value,
2172calculated in accordance with United States generally accepted
2173accounting principles, of at least not less than the aggregate
2174face amount of all outstanding money funds transmissions and
2175payment instruments issued or sold by the licensee registrant or
2176an authorized vendor in the United States. As used in this
2177section,
2178     (2)  Acceptable permissible investments include:
2179     (a)  Cash.
2180     (b)  Certificates of deposit or other deposit liabilities
2181of a domestic or foreign financial institution, either domestic
2182or foreign.
2183     (c)  Bankers' acceptances eligible for purchase by member
2184banks of the Federal Reserve System.
2185     (d)  An investment bearing a rating of one of the three
2186highest grades as defined by a nationally recognized rating
2187service of such securities.
2188     (e)  Investment securities that are obligations of the
2189United States, its agencies or instrumentalities, or obligations
2190that are guaranteed fully as to principal and interest by the
2191United States, or any obligations of any state or municipality,
2192or any political subdivision thereof.
2193     (f)  Shares in a money market mutual fund.
2194     (g)  A demand borrowing agreement or agreements made to a
2195corporation or a subsidiary of a corporation whose capital stock
2196is listed on a national exchange.
2197     (h)  Receivables that are due to a licensee registrant from
2198the licensee's registrant's authorized vendors except those that
2199are more than 90 30 days past due or are doubtful of collection.
2200     (i)  Any other investment approved by rule the commission.
2201     (2)(3)  Notwithstanding any other provision of this part,
2202the office, with respect to any particular licensee registrant
2203or all licensees registrants, may limit the extent to which any
2204class of permissible investments may be considered a permissible
2205investment, except for cash and certificates of deposit.
2206     (3)(4)  The office may waive the permissible investments
2207requirement if the dollar value of a licensee's registrant's
2208outstanding payment instruments and money funds transmitted do
2209not exceed the bond or collateral deposit posted by the licensee
2210registrant under s. 560.209.
2211     Section 36.  Section 560.211, Florida Statutes, is amended
2212to read:
2213     560.211  Required records.--
2214     (1)  In addition to the record retention requirements under
2215s. 560.110, each licensee under this part Each registrant must
2216make, keep, and preserve the following books, accounts, records,
2217and documents other records for 5 a period of 3 years:
2218     (a)  A daily record or records of payment instruments sold
2219and money funds transmitted.
2220     (b)  A general ledger containing all asset, liability,
2221capital, income, and expense accounts, which general ledger
2222shall be posted at least monthly.
2223     (c)  Daily settlement records sheets received from
2224authorized vendors.
2225     (d)  Monthly financial institution statements and
2226reconciliation records.
2227     (e)  Records of outstanding payment instruments and money
2228funds transmitted.
2229     (f)  Records of each payment instrument paid and money
2230funds transmission delivered within the 3-year period.
2231     (g)  A list of the names and addresses of all of the
2232licensee's registrant's authorized vendors, as well as copies of
2233each authorized vendor contract.
2234     (h)  Records that document the establishment, monitoring,
2235and termination of relationships with authorized vendors and
2236foreign affiliates.
2237     (i)  Any additional records, as prescribed by rule,
2238designed to detect and prevent money laundering.
2239     (2)  The records required to be maintained by the code may
2240be maintained by the registrant at any location if the
2241registrant notifies the office in writing of the location of the
2242records in its application or otherwise by amendment as
2243prescribed by commission rule. The registrant shall make such
2244records available to the office for examination and
2245investigation in this state, as permitted by the code, within 7
2246days after receipt of a written request.
2247     (3)  Registrants and authorized vendors need not preserve
2248or retain any of the records required by this section or copies
2249thereof for a period longer than 3 years unless a longer period
2250is expressly required by the laws of this state or federal law.
2251A registrant or authorized vendor may destroy any of its records
2252or copies thereof after the expiration of the retention period
2253required by this section.
2254     (4)  The original of any record of a registrant or
2255authorized vendor includes the data or other information
2256comprising a record stored or transmitted in or by means of any
2257electronic, computerized, mechanized, or other information
2258storage or retrieval or transmission system or device which can
2259upon request generate, regenerate, or transmit the precise data
2260or other information comprising the record; and an original also
2261includes the visible data or other information so generated,
2262regenerated, or transmitted if it is legible or can be made
2263legible by enlargement or other process.
2264     (2)(5)  Any person who willfully fails to comply with this
2265section commits a felony of the third degree, punishable as
2266provided in s. 775.082, s. 775.083, or s. 775.084.
2267     Section 37.  Section 560.212, Florida Statutes, is amended
2268to read:
2269     560.212  Financial liability.--A licensee Each registrant
2270under this part is liable for the payment of all money funds
2271transmitted and payment instruments that it sells, in whatever
2272form and whether directly or through an authorized vendor, as
2273the maker, drawer, or principal thereof, regardless of whether
2274such item is negotiable or nonnegotiable.
2275     Section 38.  Section 560.213, Florida Statutes, is amended
2276to read:
2277     560.213  Payment instrument information.--Each payment
2278instrument sold or issued by a licensee registrant, directly or
2279through an authorized vendor, must shall bear the name of the
2280licensee, and any other information as may be required by rule,
2281registrant clearly imprinted thereon.
2282     Section 39.  Section 560.303, Florida Statutes, is amended
2283to read:
2284     560.303  License required Requirement of registration.--
2285     (1)  A No person may not shall engage in, or in any manner
2286advertise engagement in, the business of cashing payment
2287instruments or the exchanging of foreign currency without being
2288licensed first registering under the provisions of this part.
2289     (2)  A person licensed under registered pursuant to this
2290part may not engage in the activities authorized by this part. A
2291person registered under this part is prohibited from engaging
2292directly in the activities that require a license under are
2293authorized under a registration issued pursuant to part II of
2294this chapter, but may be such person is not prohibited from
2295engaging in an authorized vendor for relationship with a person
2296licensed registered under part II.
2297     (3)  A person exempt from licensure under registration
2298pursuant to this part engaging in the business of cashing
2299payment instruments or the exchanging of foreign currency may
2300shall not charge fees in excess of those provided in s. 560.309.
2301     Section 40.  Section 560.304, Florida Statutes, is amended
2302to read:
2303     560.304  Exemption from licensure Exceptions to
2304registration.--The requirement for licensure under provisions of
2305this part does do not apply to:
2306     (1)  a person cashing payment instruments that have an
2307aggregate face value of less than $2,000 per person per day and
2308that are Authorized vendors of any person registered pursuant to
2309the provisions of the code, acting within the scope of authority
2310conferred by the registrant.
2311     (2)  Persons engaged in the cashing of payment instruments
2312or the exchanging of foreign currency which is incidental to the
2313retail sale of goods or services whose compensation for cashing
2314payment instruments or exchanging foreign currency at each site
2315does not exceed 5 percent of the total gross income from the
2316retail sale of goods or services by such person during the last
231760 days its most recently completed fiscal year.
2318     Section 41.  Section 560.309, Florida Statutes, is amended
2319to read:
2320     560.309  Conduct of business Rules.--
2321     (1)  A licensee may transact business under this part only
2322under the legal name under which the person is licensed. The use
2323of a fictitious name is allowed if the fictitious name has been
2324registered with the Department of State and disclosed to the
2325office as part of an initial license application, or subsequent
2326amendment to the application, prior to its use. Before a
2327registrant shall deposit, with any financial institution, a
2328payment instrument that is cashed by a registrant, each such
2329item must be endorsed with the actual name under which such
2330registrant is doing business.
2331     (2)  At the time a licensee accepts a payment instrument
2332that is cashed by the licensee, the payment instrument must be
2333endorsed using the legal name under which the licensee is
2334licensed. Registrants must comply with all the laws of this
2335state and any federal laws relating to money laundering,
2336including, as applicable, the provisions of s. 560.123.
2337     (3)  A licensee under this part must deposit payment
2338instruments into a commercial account at a federally insured
2339financial institution or sell payment instruments within 5
2340business days after the acceptance of the payment instrument.
2341     (4)  A licensee may not accept or cash multiple payment
2342instruments from a person who is not the original payee, unless
2343the person is licensed to cash payment instruments pursuant to
2344this part and all payment instruments accepted are endorsed with
2345the legal name of the person.
2346     (5)  A licensee must report all suspicious activity to the
2347office in accordance with the criteria set forth in 31 C.F.R. s.
2348103.20. In lieu of filing such reports, the commission may
2349prescribe by rule that the licensee may file such reports with
2350an appropriate regulator.
2351     (6)  Each location of a licensee where checks are cashed
2352must be equipped with a security camera system that is capable
2353of recording and retrieving an image in order to assist in
2354identifying and apprehending an offender. The licensee does not
2355have to install a security camera system if the licensee has
2356installed a bulletproof or bullet-resistant partition or
2357enclosure in the area where checks are cashed.
2358     (7)(3)  The commission may by rule require a every check
2359casher to display its license registration and post a notice
2360listing containing its charges for cashing payment instruments.
2361     (8)(4)  Exclusive of the direct costs of verification which
2362shall be established by commission rule, a no check casher may
2363not shall:
2364     (a)  Charge fees, except as otherwise provided by this
2365part, in excess of 5 percent of the face amount of the payment
2366instrument, or 6 percent without the provision of
2367identification, or $5, whichever is greater;
2368     (b)  Charge fees in excess of 3 percent of the face amount
2369of the payment instrument, or 4 percent without the provision of
2370identification, or $5, whichever is greater, if such payment
2371instrument is the payment of any kind of state public assistance
2372or federal social security benefit payable to the bearer of the
2373such payment instrument; or
2374     (c)  Charge fees for personal checks or money orders in
2375excess of 10 percent of the face amount of those payment
2376instruments, or $5, whichever is greater.
2377     (d)  As used in this subsection, "identification" means,
2378and is limited to, an unexpired and otherwise valid driver
2379license, a state identification card issued by any state of the
2380United States or its territories or the District of Columbia,
2381and showing a photograph and signature, a United States
2382Government Resident Alien Identification Card, a United States
2383passport, or a United States Military identification card.
2384     (9)  A licensee cashing payment instruments may not assess
2385the cost of collections, other than fees for insufficient funds
2386as provided by law, without a judgment from a court of competent
2387jurisdiction.
2388     (10)  If a check is returned to a licensee from a payor
2389financial institution due to lack of funds, a closed account, or
2390a stop-payment order, the licensee may seek collection pursuant
2391to s. 68.065. In seeking collection, the licensee must comply
2392with the prohibitions against harassment or abuse, false or
2393misleading representations, and unfair practices in the Fair
2394Debt Collections Practices Act, 15 U.S.C. ss. 1692d, 1692e, and
23951692f. A violation of this subsection is a deceptive and unfair
2396trade practice and constitutes a violation of the Deceptive and
2397Unfair Trade Practices Act under part II of chapter 501. In
2398addition, a licensee must comply with the applicable provisions
2399of the Consumer Collection Practices Act under part VI of
2400chapter 559, including s. 559.77.
2401     Section 42.  Section 560.310, Florida Statutes, is amended
2402to read:
2403     560.310  Records of check cashers and foreign currency
2404exchangers.--
2405     (1)  In addition to the record retention requirements
2406specified in s. 560.110, a licensee engaged in check cashing
2407must maintain the following:
2408     (a)  Customer files, as prescribed by rule, on all
2409customers who cash corporate or third-party payment instruments
2410exceeding $1,000.
2411     (b)  For any payment instrument accepted having a face
2412value of $1,000 or more:
2413     1.  A copy of the personal identification that bears a
2414photograph of the customer used as identification and presented
2415by the customer. Acceptable personal identification is limited
2416to a valid driver's license; a state identification card issued
2417by any state of the United States or its territories or the
2418District of Columbia, and showing a photograph and signature; a
2419United States Government Resident Alien Identification Card; a
2420passport; or a United States Military identification card.
2421     2.  A thumbprint of the customer taken by the licensee.
2422     (c)  A payment instrument log that must be maintained
2423electronically as prescribed by rule. For purposes of this
2424paragraph, multiple payment instruments accepted from any one
2425person on any given day which total $1,000 or more must be
2426aggregated and reported on the log. Each registrant must
2427maintain all books, accounts, records, and documents necessary
2428to determine the registrant's compliance with the provisions of
2429the code. Such books, accounts, records, and documents shall be
2430retained for a period of at least 3 years.
2431     (2)  A licensee under this part may engage the services of
2432a third party that is not a depository institution for the
2433maintenance and storage of records required by this section if
2434all the requirements of this section are met. The records
2435required to be maintained by the code may be maintained by the
2436registrant at any location if the registrant notifies the
2437office, in writing, of the location of the records in its
2438application or otherwise by amendment as prescribed by
2439commission rule. The registrant shall make such records
2440available to the office for examination and investigation in
2441this state, as permitted by the code, within 7 days after
2442receipt of a written request.
2443     (3)  Registrants and authorized vendors need not preserve
2444or retain any of the records required by this section or copies
2445thereof for a period longer than 3 years unless a longer period
2446is expressly required by the laws of this state or any federal
2447law. A registrant or authorized vendor may destroy any of its
2448records or copies thereof after the expiration of the retention
2449period required by this section.
2450     (4)  The original of any record of a registrant or
2451authorized vendor includes the data or other information
2452comprising a record stored or transmitted in or by means of any
2453electronic, computerized, mechanized, or other information
2454storage or retrieval or transmission system or device which can
2455upon request generate, regenerate, or transmit the precise data
2456or other information comprising the record; and an original also
2457includes the visible data or other information so generated,
2458regenerated, or transmitted if it is legible or can be made
2459legible by enlargement or other process.
2460     (5)  Any person who willfully violates this section or
2461fails to comply with any lawful written demand or order of the
2462office made pursuant to this section commits a felony of the
2463third degree, punishable as provided in s. 775.082, s. 775.083,
2464or s. 775.084.
2465     Section 43.  Section 560.402, Florida Statutes, is amended
2466to read:
2467     560.402  Definitions.--In addition to the definitions
2468provided in ss. 560.103, 560.202, and 560.302 and unless
2469otherwise clearly indicated by the context, For the purposes of
2470this part, the term:
2471     (1)  "Affiliate" means a person who, directly or
2472indirectly, through one or more intermediaries controls, or is
2473controlled by, or is under common control with, a deferred
2474presentment provider.
2475     (2)  "Business day" means the hours during a particular day
2476during which a deferred presentment provider customarily
2477conducts business, not to exceed 15 consecutive hours during
2478that day.
2479     (3)  "Days" means calendar days.
2480     (2)(4)  "Deferment period" means the number of days a
2481deferred presentment provider agrees to defer depositing, or
2482presenting, or redeeming a payment instrument.
2483     (5)  "Deferred presentment provider" means a person who
2484engages in a deferred presentment transaction and is registered
2485under part II or part III of the code and has filed a
2486declaration of intent with the office.
2487     (3)(6)  "Deferred presentment transaction" means providing
2488currency or a payment instrument in exchange for a drawer's
2489person's check and agreeing to hold the that person's check for
2490a deferment period of time prior to presentment, deposit, or
2491redemption.
2492     (4)(7)  "Drawer" means a customer any person who writes a
2493personal check and upon whose account the check is drawn.
2494     (5)  "Extension of a deferred presentment agreement" means
2495continuing a deferred presentment transaction past the deferment
2496period by having the drawer pay additional fees and the deferred
2497presentment provider continuing to hold the check for another
2498deferment period.
2499     (6)(8)  "Rollover" means the termination or extension of a
2500an existing deferred presentment agreement by the payment of an
2501any additional fee and the continued holding of the check, or
2502the substitution of a new check drawn by the drawer pursuant to
2503a new deferred presentment agreement.
2504     (9)  "Fee" means the fee authorized for the deferral of the
2505presentation of a check pursuant to this part.
2506     (7)(10)  "Termination of a an existing deferred presentment
2507agreement" means that the check that is the basis for the an
2508agreement is redeemed by the drawer by payment in full in cash,
2509or is deposited and the deferred presentment provider has
2510evidence that such check has cleared. A Verification of
2511sufficient funds in the drawer's account by the deferred
2512presentment provider is shall not be sufficient evidence to deem
2513that the existing deferred deposit transaction is to be
2514terminated.
2515     (11)  "Extension of an existing deferred presentment
2516agreement" means that a deferred presentment transaction is
2517continued by the drawer paying any additional fees and the
2518deferred presentment provider continues to hold the check for
2519another period of time prior to deposit, presentment, or
2520redemption.
2521     Section 44.  Section 560.403, Florida Statutes, is amended
2522to read:
2523     560.403  Requirements of registration; Declaration of
2524intent.--
2525     (1)  Except for financial institutions as defined in s.
2526655.005 No person, Unless otherwise exempt from this chapter, a
2527person may not shall engage in a deferred presentment
2528transaction unless the person is licensed as a money services
2529business registered under the provisions of part II or part III
2530of this chapter and has on file with the office a declaration of
2531intent to engage in deferred presentment transactions,
2532regardless of whether such person is exempted from licensure
2533under any other provision of this chapter. The declaration of
2534intent must shall be under oath and on such form as prescribed
2535the commission prescribes by rule. The declaration of intent
2536must shall be filed together with a nonrefundable filing fee as
2537provided in s. 560.143 of $1,000. Any person who is registered
2538under part II or part III on the effective date of this act and
2539intends to engage in deferred presentment transactions shall
2540have 60 days after the effective date of this act to file a
2541declaration of intent. A declaration of intent expires after 24
2542months and must be renewed.
2543     (2)  A registrant under this part shall renew his or her
2544intent to engage in the business of deferred presentment
2545transactions or to act as a deferred presentment provider upon
2546renewing his or her registration under part II or part III and
2547shall do so by indicating his or her intent by submitting a
2548nonrefundable deferred presentment provider renewal fee of
2549$1,000, in addition to any fees required for renewal of
2550registration under part II or part III.
2551     (3)  A registrant under this part who fails to timely renew
2552his or her intent to engage in the business of deferred
2553presentment transactions or to act as a deferred presentment
2554provider shall immediately cease to engage in the business of
2555deferred presentment transactions or to act as a deferred
2556presentment provider.
2557     (4)  The notice of intent of a registrant under this part
2558who fails to timely renew his or her intent to engage in the
2559business of deferred presentment transactions or to act as a
2560deferred presentment provider on or before the expiration date
2561of the registration period automatically expires. A renewal fee
2562and a nonrefundable late fee of $500 must be filed within 60
2563calendar days after the expiration of an existing registration
2564in order for the declaration of intent to be reinstated. The
2565office shall grant a reinstatement of registration if an
2566application is filed during the 60-day period, and the
2567reinstatement is effective upon receipt of the required fees and
2568any information that the commission requires by rule. If the
2569registrant has not filed a reinstatement of a renewal
2570declaration of intent within 60 calendar days after the
2571expiration date of an existing registration, the notice of
2572intent expires and a new declaration of intent must be filed
2573with the office.
2574     (5)  No person, other than a financial institution as
2575defined in s. 655.005, shall be exempt from registration and
2576declaration if such person engages in deferred presentment
2577transactions, regardless of whether such person is currently
2578exempt from registration under any provision of this code.
2579     Section 45.  Section 560.404, Florida Statutes, is amended
2580to read:
2581     560.404  Requirements for deferred presentment
2582transactions.--
2583     (1)  Each Every deferred presentment transaction must shall
2584be documented in a written agreement signed by both the deferred
2585presentment provider and the drawer.
2586     (2)  The deferred presentment transaction agreement must
2587shall be executed on the day the deferred presentment provider
2588furnishes currency or a payment instrument to the drawer.
2589     (3)  Each written agreement must shall contain the
2590following information, in addition to any information required
2591the commission requires by rule, contain the following
2592information:
2593     (a)  The name or trade name, address, and telephone number
2594of the deferred presentment provider and the name and title of
2595the person who signs the agreement on behalf of the deferred
2596presentment provider.
2597     (b)  The date the deferred presentment transaction is was
2598made.
2599     (c)  The amount of the drawer's check.
2600     (d)  The length of the deferment deferral period.
2601     (e)  The last day of the deferment period.
2602     (f)  The address and telephone number of the office and the
2603Division of Consumer Services of the Department of Financial
2604Services.
2605     (g)  A clear description of the drawer's payment
2606obligations under the deferred presentment transaction.
2607     (h)  The transaction number assigned by the office's
2608database.
2609     (4)  The Every deferred presentment provider must shall
2610furnish to the drawer a copy of the deferred presentment
2611transaction agreement to the drawer.
2612     (5)  The face amount of a check taken for deferred
2613presentment may not exceed $500 exclusive of the fees allowed
2614under by this part.
2615     (6)  A No deferred presentment provider or its affiliate
2616may not shall charge fees that exceed in excess of 10 percent of
2617the currency or payment instrument provided. However, a
2618verification fee may be charged as provided in s. 560.309(7) in
2619accordance with s. 560.309(4) and the rules adopted pursuant to
2620the code. The 10-percent fee may not be applied to the
2621verification fee. A deferred presentment provider may charge
2622only those fees specifically authorized in this section.
2623     (7)  The fees authorized by this section may not be
2624collected before the drawer's check is presented or redeemed.
2625     (8)  A No deferred presentment agreement may not shall be
2626for a term longer than in excess of 31 days or less than 7 days.
2627     (9)  A No deferred presentment provider may not shall
2628require a drawer person to provide any additional security for
2629the deferred presentment transaction or any extension or require
2630the drawer a person to provide any additional guaranty from
2631another person.
2632     (10)  A deferred presentment provider may shall not include
2633any of the following provisions in a deferred provider any
2634written agreement:
2635     (a)  A hold harmless clause.;
2636     (b)  A confession of judgment clause.;
2637     (c)  Any assignment of or order for payment of wages or
2638other compensation for services.;
2639     (d)  A provision in which the drawer agrees not to assert
2640any claim or defense arising out of the agreement.; or
2641     (e)  A waiver of any provision of this part.
2642     (11)  A Each deferred presentment provider shall
2643immediately provide the drawer with the full amount of any check
2644to be held, less only the fees allowed permitted under this
2645section.
2646     (12)  The deferred presentment agreement and the drawer's
2647check must shall bear the same date, and the number of days of
2648the deferment period shall be calculated from that this date.
2649The No deferred presentment provider and the drawer or person
2650may not alter or delete the date on any written agreement or
2651check held by the deferred presentment provider.
2652     (13)  For each deferred presentment transaction, the
2653deferred presentment provider must comply with the disclosure
2654requirements of 12 C.F.R., part 226, relating to the federal
2655Truth-in-Lending Act, and Regulation Z of the Board of Governors
2656of the Federal Reserve Board. A copy of the disclosure must be
2657provided to the drawer at the time the deferred presentment
2658transaction is initiated.
2659     (14)  A No deferred presentment provider or its affiliate
2660may not accept or hold an undated check or a check dated on a
2661date other than the date on which the deferred presentment
2662provider agreed to hold the check and signed the deferred
2663presentment transaction agreement.
2664     (15)  A Every deferred presentment provider must shall hold
2665the drawer's check for the agreed number of days, unless the
2666drawer chooses to redeem the check before the agreed presentment
2667date.
2668     (16)  Proceeds in a deferred presentment transaction may be
2669made to the drawer in the form of the deferred presentment
2670provider's payment instrument if the deferred presentment
2671provider is registered under part II; however, an no additional
2672fee may not be charged by a deferred presentment provider or its
2673affiliate for issuing or cashing the deferred presentment
2674provider's payment instrument.
2675     (17)  A No deferred presentment provider may not require
2676the drawer to accept its payment instrument in lieu of currency.
2677     (18)  A No deferred presentment provider or its affiliate
2678may not engage in the rollover of a any deferred presentment
2679agreement. A deferred presentment provider may shall not redeem,
2680extend, or otherwise consolidate a deferred presentment
2681agreement with the proceeds of another deferred presentment
2682transaction made by the same or an affiliate affiliated deferred
2683presentment provider.
2684     (19)  A deferred presentment provider may not enter into a
2685deferred presentment transaction with a drawer person who has an
2686outstanding deferred presentment transaction with that provider
2687or with any other deferred presentment provider, or with a
2688person whose previous deferred presentment transaction with that
2689provider or with any other provider has been terminated for less
2690than 24 hours. The deferred presentment provider must verify
2691such information as follows:
2692     (a)  The deferred presentment provider shall maintain a
2693common database and shall verify whether the that deferred
2694presentment provider or an affiliate has an outstanding deferred
2695presentment transaction with a particular person or has
2696terminated a transaction with that person within the previous 24
2697hours.
2698     (b)  The deferred presentment provider shall access the
2699office's database established pursuant to subsection (23) and
2700shall verify whether any other deferred presentment provider has
2701an outstanding deferred presentment transaction with a
2702particular person or has terminated a transaction with that
2703person within the previous 24 hours. If a provider has not
2704established Prior to the time that the office has implemented
2705such a database, the deferred presentment provider may rely upon
2706the written verification of the drawer as provided in subsection
2707(20).
2708     (20)  A deferred presentment provider shall provide the
2709following notice in a prominent place on each deferred
2710presentment agreement in at least 14-point type in substantially
2711the following form and must obtain the signature of the drawer
2712where indicated:
2713
2714NOTICE
2715
27161.  STATE LAW PROHIBITS YOU FROM HAVING MORE THAN ONE DEFERRED
2717PRESENTMENT AGREEMENT AT ANY ONE TIME. STATE LAW ALSO PROHIBITS
2718YOU FROM ENTERING INTO A DEFERRED PRESENTMENT AGREEMENT WITHIN
271924 HOURS AFTER OF TERMINATING ANY PREVIOUS DEFERRED PRESENTMENT
2720AGREEMENT. FAILURE TO OBEY THIS LAW COULD CREATE SEVERE
2721FINANCIAL HARDSHIP FOR YOU AND YOUR FAMILY.
2722
2723YOU MUST SIGN THE FOLLOWING STATEMENT:
2724
2725I DO NOT HAVE AN OUTSTANDING DEFERRED PRESENTMENT AGREEMENT WITH
2726ANY DEFERRED PRESENTMENT PROVIDER AT THIS TIME. I HAVE NOT
2727TERMINATED A DEFERRED PRESENTMENT AGREEMENT WITHIN THE PAST 24
2728HOURS.
2729
2730(Signature of Drawer)
2731
27322.  YOU CANNOT BE PROSECUTED IN CRIMINAL COURT FOR A CHECK
2733WRITTEN UNDER THIS AGREEMENT, BUT ALL LEGALLY AVAILABLE CIVIL
2734MEANS TO ENFORCE THE DEBT MAY BE PURSUED AGAINST YOU.
2735
27363.  STATE LAW PROHIBITS A DEFERRED PRESENTMENT PROVIDER (THIS
2737BUSINESS) FROM ALLOWING YOU TO "ROLL OVER" YOUR DEFERRED
2738PRESENTMENT TRANSACTION. THIS MEANS THAT YOU CANNOT BE ASKED OR
2739REQUIRED TO PAY AN ADDITIONAL FEE IN ORDER TO FURTHER DELAY THE
2740DEPOSIT OR PRESENTMENT OF YOUR CHECK FOR PAYMENT. IF YOU INFORM
2741THE PROVIDER IN PERSON THAT YOU CANNOT COVER THE CHECK OR PAY IN
2742FULL THE AMOUNT OWING AT THE END OF THE TERM OF THIS AGREEMENT,
2743YOU WILL RECEIVE A GRACE PERIOD EXTENDING THE TERM OF THE
2744AGREEMENT FOR AN ADDITIONAL 60 DAYS AFTER THE ORIGINAL
2745TERMINATION DATE, WITHOUT ANY ADDITIONAL CHARGE. THE DEFERRED
2746PRESENTMENT PROVIDER SHALL REQUIRE THAT YOU, AS A CONDITION OF
2747OBTAINING THE GRACE PERIOD, COMPLETE CONSUMER CREDIT COUNSELING
2748PROVIDED BY AN AGENCY INCLUDED ON THE LIST THAT WILL BE PROVIDED
2749TO YOU BY THIS PROVIDER. YOU MAY ALSO AGREE TO COMPLY WITH AND
2750ADHERE TO A REPAYMENT PLAN APPROVED BY THAT AGENCY. IF YOU DO
2751NOT COMPLY WITH AND ADHERE TO A REPAYMENT PLAN APPROVED BY THAT
2752AGENCY, WE MAY DEPOSIT OR PRESENT YOUR CHECK FOR PAYMENT AND
2753PURSUE ALL LEGALLY AVAILABLE CIVIL MEANS TO ENFORCE THE DEBT AT
2754THE END OF THE 60-DAY GRACE PERIOD.
2755     (21)  The deferred presentment provider may not deposit or
2756present the drawer's check if the drawer informs the provider in
2757person that the drawer cannot redeem or pay in full in cash the
2758amount due and owing the deferred presentment provider. No
2759additional fees or penalties may be imposed on the drawer by
2760virtue of any misrepresentation made by the drawer as to the
2761sufficiency of funds in the drawer's account. In no event shall
2762any Additional fees may not be added to the amounts due and
2763owing to the deferred presentment provider.
2764     (22)(a)  If, by the end of the deferment period, the drawer
2765informs the deferred presentment provider in person that the
2766drawer cannot redeem or pay in full in cash the amount due and
2767owing the deferred presentment provider, the deferred
2768presentment provider shall provide a grace period extending the
2769term of the agreement for an additional 60 days after the
2770original termination date, without any additional charge.
2771     (a)  The provider shall require that as a condition of
2772providing a this grace period, that within the first 7 days of
2773the grace period the drawer make an appointment with a consumer
2774credit counseling agency within 7 days after the end of the
2775deferment period and complete the counseling by the end of the
2776grace period. The drawer may agree to, comply with, and adhere
2777to a repayment plan approved by the counseling agency. If the
2778drawer agrees to comply with and adhere to a repayment plan
2779approved by the counseling agency, the provider must is also
2780required to comply with and adhere to that repayment plan. The
2781deferred presentment provider may not deposit or present the
2782drawer's check for payment before the end of the 60-day grace
2783period unless the drawer fails to comply with such conditions or
2784the drawer fails to notify the provider of such compliance.
2785Before each deferred presentment transaction, the provider may
2786verbally advise the drawer of the availability of the grace
2787period consistent with the provisions of the written notice in
2788subsection (20), and may shall not discourage the drawer from
2789using the grace period.
2790     (b)  At the commencement of the grace period, the deferred
2791presentment provider shall provide the drawer:
2792     1.  Verbal notice of the availability of the grace period
2793consistent with the written notice in subsection (20).
2794     2.  A list of approved consumer credit counseling agencies
2795prepared by the office. The office list shall include nonprofit
2796consumer credit counseling agencies affiliated with the National
2797Foundation for Credit Counseling which provide credit counseling
2798services to state Florida residents in person, by telephone, or
2799through the Internet. The office list must include phone numbers
2800for the agencies, the counties served by the agencies, and
2801indicate the agencies that provide telephone counseling and
2802those that provide Internet counseling. The office shall update
2803the list at least once each year.
2804     3.  The following notice in at least 14-point type in
2805substantially the following form:
2806
2807AS A CONDITION OF OBTAINING A GRACE PERIOD EXTENDING THE TERM OF
2808YOUR DEFERRED PRESENTMENT AGREEMENT FOR AN ADDITIONAL 60 DAYS,
2809UNTIL [DATE], WITHOUT ANY ADDITIONAL FEES, YOU MUST COMPLETE
2810CONSUMER CREDIT COUNSELING PROVIDED BY AN AGENCY INCLUDED ON THE
2811LIST THAT WILL BE PROVIDED TO YOU BY THIS PROVIDER. YOU MAY ALSO
2812AGREE TO COMPLY WITH AND ADHERE TO A REPAYMENT PLAN APPROVED BY
2813THE AGENCY. THE COUNSELING MAY BE IN PERSON, BY TELEPHONE, OR
2814THROUGH THE INTERNET. YOU MUST NOTIFY US WITHIN 7 SEVEN (7)
2815DAYS, BY [DATE], THAT YOU HAVE MADE AN APPOINTMENT WITH SUCH A
2816CONSUMER CREDIT COUNSELING AGENCY. YOU MUST ALSO NOTIFY US
2817WITHIN 60 SIXTY (60) DAYS, BY [DATE], THAT YOU HAVE COMPLETED
2818THE CONSUMER CREDIT COUNSELING. WE MAY VERIFY THIS INFORMATION
2819WITH THE AGENCY. IF YOU FAIL TO PROVIDE EITHER THE 7-DAY OR 60-
2820DAY NOTICE, OR IF YOU HAVE NOT MADE THE APPOINTMENT OR COMPLETED
2821THE COUNSELING WITHIN THE TIME REQUIRED, WE MAY DEPOSIT OR
2822PRESENT YOUR CHECK FOR PAYMENT AND PURSUE ALL LEGALLY AVAILABLE
2823CIVIL MEANS TO ENFORCE THE DEBT.
2824     (c)  If a drawer completes an approved payment plan, the
2825deferred presentment provider shall pay one-half of the drawer's
2826fee for the deferred presentment agreement to the consumer
2827credit counseling agency.
2828     (23)  The office shall implement a common database with
2829real-time access through an Internet connection for deferred
2830presentment providers, as provided in this subsection. The
2831database must be accessible to the office and the deferred
2832presentment providers in order to verify whether any deferred
2833presentment transactions are outstanding for a particular
2834person. Deferred presentment providers shall submit such data
2835before entering into each deferred presentment transaction in
2836such format as required the commission shall require by rule,
2837including the drawer's name, social security number or
2838employment authorization alien number, address, driver's license
2839number, amount of the transaction, date of transaction, the date
2840that the transaction is closed, and such additional information
2841as is required by rule the commission. The commission may by
2842rule impose a fee of up to not to exceed $1 per transaction for
2843data that must required to be submitted by a deferred
2844presentment provider. A deferred presentment provider may rely
2845on the information contained in the database as accurate and is
2846not subject to any administrative penalty or civil liability due
2847to as a result of relying on inaccurate information contained in
2848the database. A deferred presentment provider must notify the
2849office, in a manner as prescribed by rule, within 15 business
2850days after ceasing operations or no longer holding a license
2851under part II or part III of this chapter. Such notification
2852must include a reconciliation of all open transactions. If the
2853provider fails to provide notice, the office shall take action
2854to administratively release all open and pending transactions in
2855the database after the office becomes aware of the closure. This
2856section does not affect the rights of the provider to enforce
2857the contractual provisions of the deferred presentment
2858agreements through any civil action allowed by law. The
2859commission may adopt rules to administer and enforce the
2860provisions of this subsection section and to ensure assure that
2861the database is used by deferred presentment providers in
2862accordance with this section.
2863     (24)  A deferred presentment provider may not accept more
2864than one check or authorization to initiate more than one
2865automated clearinghouse transaction to collect on a deferred
2866presentment transaction for a single deferred presentment
2867transaction.
2868     Section 46.  Section 560.405, Florida Statutes, is amended
2869to read:
2870     560.405  Deposit; redemption.--
2871     (1)  The deferred presentment provider or its affiliate may
2872shall not present the drawer's check before the end of the
2873deferment period prior to the agreed-upon date of presentment,
2874as reflected in the deferred presentment transaction agreement.
2875     (2)  Before a deferred presentment provider presents the
2876drawer's check, the check must shall be endorsed with the actual
2877name under which the deferred presentment provider is doing
2878business.
2879     (3)  Notwithstanding the provisions of subsection (1), in
2880lieu of presentment, a deferred presentment provider may allow
2881the check to be redeemed at any time upon payment to the
2882deferred presentment provider in the amount of the face amount
2883of the drawer's check. However, payment may not be made in the
2884form of a personal check. Upon redemption, the deferred
2885presentment provider shall return the drawer's check that was
2886being held and provide a signed, dated receipt showing that the
2887drawer's check has been redeemed.
2888     (4)  A No drawer may not can be required to redeem his or
2889her check before prior to the agreed-upon date; however, the
2890drawer may choose to redeem the check before the agreed-upon
2891presentment date.
2892     Section 47.  Section 560.406, Florida Statutes, is amended
2893to read:
2894     560.406  Worthless checks.--
2895     (1)  If a check is returned to a deferred presentment
2896provider from a payor financial institution due to lack of
2897funds, a closed account, or a stop-payment order, the deferred
2898presentment provider may seek collection pursuant to s. 68.065,
2899except a deferred presentment provider may shall not be entitled
2900to collect treble damages pursuant s. 68.065. The notice sent by
2901the a deferred deposit provider may pursuant to s. 68.065 shall
2902not include any references to treble damages and must clearly
2903state that the deferred presentment provider is not entitled to
2904recover such damages. Except as otherwise provided in this part,
2905an individual who issues a personal check to a deferred
2906presentment provider under a deferred presentment agreement is
2907not subject to criminal penalty.
2908     (2)  If a check is returned to a deferred presentment
2909provider from a payor financial institution due to insufficient
2910funds, a closed account, or a stop-payment order, the deferred
2911presentment provider may pursue all legally available civil
2912remedies to collect the check, including, but not limited to,
2913the imposition of all charges imposed on the deferred
2914presentment provider by the any financial institution. In its
2915collection practices, a deferred presentment provider must shall
2916comply with the prohibitions against harassment or abuse, false
2917or misleading representations, and unfair practices that which
2918are contained in ss. 806, 807, and 808 of the Fair Debt
2919Collections Practices Act, 15 U.S.C. ss. 1692d, 1692e, 1692f. A
2920violation of this act is a deceptive and unfair trade practice
2921and constitutes a violation of the Deceptive and Unfair Trade
2922Practices Act under, part II of chapter 501. In addition, a
2923deferred presentment provider must shall comply with the
2924applicable provisions of part VI of chapter 559, the Consumer
2925Collection Practices Act under part VI of chapter 559,
2926including, but not limited to, the provisions of s. 559.77.
2927     (3)  A deferred presentment provider may not assess the
2928cost of collection, other than charges for insufficient funds as
2929allowed by law, without a judgment from a court of competent
2930jurisdiction.
2931     Section 48.  Subsection (7) of section 499.005, Florida
2932Statutes, is amended to read:
2933     499.005  Prohibited acts.--It is unlawful for a person to
2934perform or cause the performance of any of the following acts in
2935this state:
2936     (7)  The purchase or sale of prescription drugs for
2937wholesale distribution in exchange for currency, as defined in
2938s. 560.103 s. 560.103(6).
2939     Section 49.  Paragraph (i) of subsection (2) of section
2940499.0691, Florida Statutes, is amended to read:
2941     499.0691  Criminal punishment for violations related to
2942drugs; dissemination of false advertisement.--
2943     (2)  Any person who violates any of the following
2944provisions commits a felony of the third degree, punishable as
2945provided in s. 775.082, s. 775.083, or s. 775.084, or as
2946otherwise provided in ss. 499.001-499.081.
2947     (i)  The purchase or sale of prescription drugs for
2948wholesale distribution in exchange for currency, as defined in
2949s. 560.103 s. 560.103(6).
2950     Section 50.  Paragraph (b) of subsection (2) of section
2951501.95, Florida Statutes, is amended to read:
2952     501.95  Gift certificates and credit memos.--
2953     (2)
2954     (b)  Paragraph (a) does not apply to a gift certificate or
2955credit memo sold or issued by a financial institution, as
2956defined in s. 655.005, or by a money services business
2957transmitter, as defined in s. 560.103, if the gift certificate
2958or credit memo is redeemable by multiple unaffiliated merchants.
2959     Section 51.  Paragraph (n) of subsection (2) of section
2960538.03, Florida Statutes, is amended to read:
2961     538.03  Definitions; applicability.--
2962     (2)  This chapter does not apply to:
2963     (n)  A business that contracts with other persons or
2964entities to offer its secondhand goods for sale, purchase,
2965consignment, or trade via an Internet website, and that
2966maintains a shop, store, or other business premises for this
2967purpose, if all of the following apply:
2968     1.  The secondhand goods must be available on the website
2969for viewing by the public at no charge;
2970     2.  The records of the sale, purchase, consignment, or
2971trade must be maintained for at least 2 years;
2972     3.  The records of the sale, purchase, consignment, or
2973trade, and the description of the secondhand goods as listed on
2974the website, must contain the serial number of each item, if
2975any;
2976     4.  The secondhand goods listed on the website must be
2977searchable based upon the state or zip code;
2978     5.  The business must provide the appropriate law
2979enforcement agency with the name or names under which it
2980conducts business on the website;
2981     6.  The business must allow the appropriate law enforcement
2982agency to inspect its business premises at any time during
2983normal business hours;
2984     7.  Any payment by the business resulting from such a sale,
2985purchase, consignment, or trade must be made to the person or
2986entity with whom the business contracted to offer the goods and
2987must be made by check or via a money services business
2988transmitter licensed under part II of chapter 560; and
2989     8.a.  At least 48 hours after the estimated time of
2990contracting to offer the secondhand goods, the business must
2991verify that any item having a serial number is not stolen
2992property by entering the serial number of the item into the
2993Department of Law Enforcement's stolen article database located
2994at the Florida Crime Information Center's public access system
2995website. The business shall record the date and time of such
2996verification on the contract covering the goods. If such
2997verification reveals that an item is stolen property, the
2998business shall immediately remove the item from any website on
2999which it is being offered and notify the appropriate law
3000enforcement agency; or
3001     b.  The business must provide the appropriate law
3002enforcement agency with an electronic copy of the name, address,
3003phone number, driver's license number, and issuing state of the
3004person with whom the business contracted to offer the goods, as
3005well as an accurate description of the goods, including make,
3006model, serial number, and any other unique identifying marks,
3007numbers, names, or letters that may be on an item, in a format
3008agreed upon by the business and the appropriate law enforcement
3009agency. This information must be provided to the appropriate law
3010enforcement agency within 24 hours after entering into the
3011contract unless other arrangements are made between the business
3012and the law enforcement agency.
3013     Section 52.  Subsection (10) of section 896.101, Florida
3014Statutes, is amended to read:
3015     896.101  Florida Money Laundering Act; definitions;
3016penalties; injunctions; seizure warrants; immunity.--
3017     (10)  Any financial institution, licensed money services
3018business transmitter, or other person served with and complying
3019with the terms of a warrant, temporary injunction, or other
3020court order, including any subpoena issued under the authority
3021granted by s. 16.56 or s. 27.04, obtained in furtherance of an
3022investigation of any crime in this section, including any crime
3023listed as specified unlawful activity under this section or any
3024felony violation of chapter 560, has immunity from criminal
3025liability and is shall not be liable to any person for any
3026lawful action taken in complying with the warrant, temporary
3027injunction, or other court order, including any subpoena issued
3028under the authority granted by s. 16.56 or s. 27.04. If any
3029subpoena issued under the authority granted by s. 16.56 or s.
303027.04 contains a nondisclosure provision, any financial
3031institution, licensed money services business transmitter,
3032employee or officer of a financial institution or licensed money
3033services business transmitter, or any other person may not
3034notify, directly or indirectly, any customer of that financial
3035institution or licensed money services business transmitter
3036whose records are being sought by the subpoena, or any other
3037person named in the subpoena, about the existence or the
3038contents of that subpoena or about information that has been
3039furnished to the state attorney or statewide prosecutor who
3040issued the subpoena or other law enforcement officer named in
3041the subpoena in response to the subpoena.
3042     Section 53.  Subsection (5) of section 896.104, Florida
3043Statutes, is amended to read:
3044     896.104  Structuring transactions to evade reporting or
3045registration requirements prohibited.--
3046     (5)  INFERENCE.--Proof that a person engaged for monetary
3047consideration in the business of a money funds transmitter, as
3048defined in s. 560.103, s. 560.103(10) and who is transporting
3049more than $10,000 in currency, or the foreign equivalent,
3050without being licensed registered as a money transmitter or
3051designated as an authorized vendor under the provisions of
3052chapter 560, gives rise to an inference that the transportation
3053was done with knowledge of the licensure registration
3054requirements of chapter 560 and the reporting requirements of
3055this chapter.
3056     Section 54.  Paragraph (g) of subsection (3) of section
3057921.0022, Florida Statutes, is amended to read:
3058     921.0022  Criminal Punishment Code; offense severity
3059ranking chart.--
3060     (3)  OFFENSE SEVERITY RANKING CHART
3061     (g)  LEVEL 7
 
FloridaStatuteFelonyDegreeDescription
3062
 
316.027(1)(b)1stAccident involving death, failure to stop; leaving scene.
3063
 
316.193(3)(c)2.3rdDUI resulting in serious bodily injury.
3064
 
316.1935(3)(b)1stCausing serious bodily injury or death to another person; driving at high speed or with wanton disregard for safety while fleeing or attempting to elude law enforcement officer who is in a patrol vehicle with siren and lights activated.
3065
 
327.35(3)(c)2.3rdVessel BUI resulting in serious bodily injury.
3066
 
402.319(2)2ndMisrepresentation and negligence or intentional act resulting in great bodily harm, permanent disfiguration, permanent disability, or death.
3067
 
409.920(2)3rdMedicaid provider fraud.
3068
 
456.065(2)3rdPracticing a health care profession without a license.
3069
 
456.065(2)2ndPracticing a health care profession without a license which results in serious bodily injury.
3070
 
458.327(1)3rdPracticing medicine without a license.
3071
 
459.013(1)3rdPracticing osteopathic medicine without a license.
3072
 
460.411(1)3rdPracticing chiropractic medicine without a license.
3073
 
461.012(1)3rdPracticing podiatric medicine without a license.
3074
 
462.173rdPracticing naturopathy without a license.
3075
 
463.015(1)3rdPracticing optometry without a license.
3076
 
464.016(1)3rdPracticing nursing without a license.
3077
 
465.015(2)3rdPracticing pharmacy without a license.
3078
 
466.026(1)3rdPracticing dentistry or dental hygiene without a license.
3079
 
467.2013rdPracticing midwifery without a license.
3080
 
468.3663rdDelivering respiratory care services without a license.
3081
 
483.828(1)3rdPracticing as clinical laboratory personnel without a license.
3082
 
483.901(9)3rdPracticing medical physics without a license.
3083
 
484.013(1)(c)3rdPreparing or dispensing optical devices without a prescription.
3084
 
484.0533rdDispensing hearing aids without a license.
3085
 
494.0018(2)1stConviction of any violation of ss. 494.001-494.0077 in which the total money and property unlawfully obtained exceeded $50,000 and there were five or more victims.
3086
 
560.123(8)(b)1.3rdFailure to report currency or payment instruments exceeding $300 but less than $20,000 by a money services business transmitter.
3087
 
560.125(5)(a)3rdMoney services transmitter business by unauthorized person, currency or payment instruments exceeding $300 but less than $20,000.
3088
 
655.50(10)(b)1.3rdFailure to report financial transactions exceeding $300 but less than $20,000 by financial institution.
3089
 
775.21(10)(a)3rdSexual predator; failure to register; failure to renew driver's license or identification card; other registration violations.
3090
 
775.21(10)(b)3rdSexual predator working where children regularly congregate.
3091
 
775.21(10)(g)3rdFailure to report or providing false information about a sexual predator; harbor or conceal a sexual predator.
3092
 
782.051(3)2ndAttempted felony murder of a person by a person other than the perpetrator or the perpetrator of an attempted felony.
3093
 
782.07(1)2ndKilling of a human being by the act, procurement, or culpable negligence of another (manslaughter).
3094
 
782.0712ndKilling of a human being or viable fetus by the operation of a motor vehicle in a reckless manner (vehicular homicide).
3095
 
782.0722ndKilling of a human being by the operation of a vessel in a reckless manner (vessel homicide).
3096
 
784.045(1)(a)1.2ndAggravated battery; intentionally causing great bodily harm or disfigurement.
3097
 
784.045(1)(a)2.2ndAggravated battery; using deadly weapon.
3098
 
784.045(1)(b)2ndAggravated battery; perpetrator aware victim pregnant.
3099
 
784.048(4)3rdAggravated stalking; violation of injunction or court order.
3100
 
784.048(7)3rdAggravated stalking; violation of court order.
3101
 
784.07(2)(d)1stAggravated battery on law enforcement officer.
3102
 
784.074(1)(a)1stAggravated battery on sexually violent predators facility staff.
3103
 
784.08(2)(a)1stAggravated battery on a person 65 years of age or older.
3104
 
784.081(1)1stAggravated battery on specified official or employee.
3105
 
784.082(1)1stAggravated battery by detained person on visitor or other detainee.
3106
 
784.083(1)1stAggravated battery on code inspector.
3107
 
790.07(4)1stSpecified weapons violation subsequent to previous conviction of s. 790.07(1) or (2).
3108
 
790.16(1)1stDischarge of a machine gun under specified circumstances.
3109
 
790.165(2)2ndManufacture, sell, possess, or deliver hoax bomb.
3110
 
790.165(3)2ndPossessing, displaying, or threatening to use any hoax bomb while committing or attempting to commit a felony.
3111
 
790.166(3)2ndPossessing, selling, using, or attempting to use a hoax weapon of mass destruction.
3112
 
790.166(4)2ndPossessing, displaying, or threatening to use a hoax weapon of mass destruction while committing or attempting to commit a felony.
3113
 
794.08(4)3rdFemale genital mutilation; consent by a parent, guardian, or a person in custodial authority to a victim younger than 18 years of age.
3114
 
796.032ndProcuring any person under 16 years for prostitution.
3115
 
800.04(5)(c)1.2ndLewd or lascivious molestation; victim less than 12 years of age; offender less than 18 years.
3116
 
800.04(5)(c)2.2ndLewd or lascivious molestation; victim 12 years of age or older but less than 16 years; offender 18 years or older.
3117
 
806.01(2)2ndMaliciously damage structure by fire or explosive.
3118
 
810.02(3)(a)2ndBurglary of occupied dwelling; unarmed; no assault or battery.
3119
 
810.02(3)(b)2ndBurglary of unoccupied dwelling; unarmed; no assault or battery.
3120
 
810.02(3)(d)2ndBurglary of occupied conveyance; unarmed; no assault or battery.
3121
 
810.02(3)(e)2ndBurglary of authorized emergency vehicle.
3122
 
812.014(2)(a)1.1stProperty stolen, valued at $100,000 or more or a semitrailer deployed by a law enforcement officer; property stolen while causing other property damage; 1st degree grand theft.
3123
 
812.014(2)(b)2.2ndProperty stolen, cargo valued at less than $50,000, grand theft in 2nd degree.
3124
 
812.014(2)(b)3.2ndProperty stolen, emergency medical equipment; 2nd degree grand theft.
3125
 
812.014(2)(b)4.2ndProperty stolen, law enforcement equipment from authorized emergency vehicle.
3126
 
812.0145(2)(a)1stTheft from person 65 years of age or older; $50,000 or more.
3127
 
812.019(2)1stStolen property; initiates, organizes, plans, etc., the theft of property and traffics in stolen property.
3128
 
812.131(2)(a)2ndRobbery by sudden snatching.
3129
 
812.133(2)(b)1stCarjacking; no firearm, deadly weapon, or other weapon.
3130
 
817.234(8)(a)2ndSolicitation of motor vehicle accident victims with intent to defraud.
3131
 
817.234(9)2ndOrganizing, planning, or participating in an intentional motor vehicle collision.
3132
 
817.234(11)(c)1stInsurance fraud; property value $100,000 or more.
3133
 
817.2341(2)(b)&(3)(b)1stMaking false entries of material fact or false statements regarding property values relating to the solvency of an insuring entity which are a significant cause of the insolvency of that entity.
3134
 
825.102(3)(b)2ndNeglecting an elderly person or disabled adult causing great bodily harm, disability, or disfigurement.
3135
 
825.103(2)(b)2ndExploiting an elderly person or disabled adult and property is valued at $20,000 or more, but less than $100,000.
3136
 
827.03(3)(b)2ndNeglect of a child causing great bodily harm, disability, or disfigurement.
3137
 
827.04(3)3rdImpregnation of a child under 16 years of age by person 21 years of age or older.
3138
 
837.05(2)3rdGiving false information about alleged capital felony to a law enforcement officer.
3139
 
838.0152ndBribery.
3140
 
838.0162ndUnlawful compensation or reward for official behavior.
3141
 
838.021(3)(a)2ndUnlawful harm to a public servant.
3142
 
838.222ndBid tampering.
3143
 
847.0135(3)3rdSolicitation of a child, via a computer service, to commit an unlawful sex act.
3144
 
847.0135(4)2ndTraveling to meet a minor to commit an unlawful sex act.
3145
 
872.062ndAbuse of a dead human body.
3146
 
893.13(1)(c)1.1stSell, manufacture, or deliver cocaine (or other drug prohibited under s. 893.03(1)(a), (1)(b), (1)(d), (2)(a), (2)(b), or (2)(c)4.) within 1,000 feet of a child care facility, school, or state, county, or municipal park or publicly owned recreational facility or community center.
3147
 
893.13(1)(e)1.1stSell, manufacture, or deliver cocaine or other drug prohibited under s. 893.03(1)(a), (1)(b), (1)(d), (2)(a), (2)(b), or (2)(c)4., within 1,000 feet of property used for religious services or a specified business site.
3148
 
893.13(4)(a)1stDeliver to minor cocaine (or other s. 893.03(1)(a), (1)(b), (1)(d), (2)(a), (2)(b), or (2)(c)4. drugs).
3149
 
893.135(1)(a)1.1stTrafficking in cannabis, more than 25 lbs., less than 2,000 lbs.
3150
 
893.135(1)(b)1.a.1stTrafficking in cocaine, more than 28 grams, less than 200 grams.
3151
 
893.135(1)(c)1.a.1stTrafficking in illegal drugs, more than 4 grams, less than 14 grams.
3152
 
893.135(1)(d)1.1stTrafficking in phencyclidine, more than 28 grams, less than 200 grams.
3153
 
893.135(1)(e)1.1stTrafficking in methaqualone, more than 200 grams, less than 5 kilograms.
3154
 
893.135(1)(f)1.1stTrafficking in amphetamine, more than 14 grams, less than 28 grams.
3155
 
893.135(1)(g)1.a.1stTrafficking in flunitrazepam, 4 grams or more, less than 14 grams.
3156
 
893.135(1)(h)1.a.1stTrafficking in gamma-hydroxybutyric acid (GHB), 1 kilogram or more, less than 5 kilograms.
3157
 
893.135(1)(j)1.a.1stTrafficking in 1,4-Butanediol, 1 kilogram or more, less than 5 kilograms.
3158
 
893.135(1)(k)2.a.1stTrafficking in Phenethylamines, 10 grams or more, less than 200 grams.
3159
 
896.101(5)(a)3rdMoney laundering, financial transactions exceeding $300 but less than $20,000.
3160
 
896.104(4)(a)1.3rdStructuring transactions to evade reporting or registration requirements, financial transactions exceeding $300 but less than $20,000.
3161
 
943.0435(4)(c)2ndSexual offender vacating permanent residence; failure to comply with reporting requirements.
3162
 
943.0435(8)2ndSexual offender; remains in state after indicating intent to leave; failure to comply with reporting requirements.
3163
 
943.0435(9)(a)3rdSexual offender; failure to comply with reporting requirements.
3164
 
943.0435(13)3rdFailure to report or providing false information about a sexual offender; harbor or conceal a sexual offender.
3165
 
943.0435(14)3rdSexual offender; failure to report and reregister; failure to respond to address verification.
3166
 
944.607(9)3rdSexual offender; failure to comply with reporting requirements.
3167
 
944.607(10)(a)3rdSexual offender; failure to submit to the taking of a digitized photograph.
3168
 
944.607(12)3rdFailure to report or providing false information about a sexual offender; harbor or conceal a sexual offender.
3169
 
944.607(13)3rdSexual offender; failure to report and reregister; failure to respond to address verification.
3170
 
985.4815(10)3rdSexual offender; failure to submit to the taking of a digitized photograph.
3171
 
985.4815(12)3rdFailure to report or providing false information about a sexual offender; harbor or conceal a sexual offender.
3172
 
985.4815(13)3rdSexual offender; failure to report and reregister; failure to respond to address verification.
3173
3174     Section 55.  Sections 560.101, 560.102, 560.106, 560.1073,
3175560.108, 560.112. 560.117, 560.200, 560.202, 560.206, 560.207,
3176560.301, 560.302, 560.305, 560.306, 560.307, 560.308, 560.401,
3177and 560.407, Florida Statutes, are repealed.
3178     Section 56.  This act shall take effect January 1, 2009.


CODING: Words stricken are deletions; words underlined are additions.