Florida Senate - 2009                        COMMITTEE AMENDMENT
       Bill No. SB 1534
       
       
       
       
       
       
                                Barcode 805684                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: FAV            .                                
                  03/17/2009           .                                
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       The Committee on Banking and Insurance (Storms) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete line 10
    4  and insert:
    5         Section 1. Paragraph (a) of subsection (1) of section
    6  560.141, Florida Statutes, is amended to read:
    7         560.141 License application.—
    8         (1) To apply for a license as a money services business
    9  under this chapter the applicant must:
   10         (a) Submit an application to the office on forms prescribed
   11  by rule which includes the following information:
   12         1. The legal name and address of the applicant, including
   13  any fictitious or trade names used by the applicant in the
   14  conduct of its business.
   15         2. The date of the applicant’s formation and the state in
   16  which the applicant was formed, if applicable.
   17         3. The name, social security number, alien identification
   18  or taxpayer identification number, business and residence
   19  addresses, and employment history for the past 5 years for each
   20  officer, director, responsible person, the compliance officer,
   21  each controlling shareholder, and any other person who has a
   22  controlling interest in the money services business as provided
   23  in s. 560.127.
   24         4. A description of the organizational structure of the
   25  applicant, including the identity of any parent or subsidiary of
   26  the applicant, and the disclosure of whether any parent or
   27  subsidiary is publicly traded.
   28         5. The applicant’s history of operations in other states if
   29  applicable and a description of the money services business or
   30  deferred presentment provider activities proposed to be
   31  conducted by the applicant in this state.
   32         6. If the applicant or its parent is a publicly traded
   33  company, copies of all filings made by the applicant with the
   34  United States Securities and Exchange Commission, or with a
   35  similar regulator in a country other than the United States,
   36  within the preceding year.
   37         7. The location at which the applicant proposes to
   38  establish its principal place of business and any other
   39  location, including branch offices and authorized vendors
   40  operating in this state. For each branch office identified and
   41  each location of an authorized vendor appointed, the applicant
   42  shall include the nonrefundable fee required by s. 560.143.
   43         8. The name and address of the clearing financial
   44  institution or financial institutions through which the
   45  applicant’s payment instruments are drawn or through which the
   46  payment instruments are payable.
   47         9. The history of the applicant’s material litigation,
   48  criminal convictions, pleas of nolo contendere, and cases of
   49  adjudication withheld.
   50         10. The history of material litigation, arrests, criminal
   51  convictions, pleas of nolo contendere, and cases of adjudication
   52  withheld for each executive officer, director, controlling
   53  shareholder, and responsible person.
   54         11. The name of the registered agent in this state for
   55  service of process unless the applicant is a sole proprietor.
   56         12. Any other information specified in this chapter or by
   57  rule.
   58         Section 2. Paragraph (d) of subsection (1) and paragraph
   59  
   60  
   61  ================= T I T L E  A M E N D M E N T ================
   62  And the title is amended as follows:
   63  
   64         Delete line 2
   65  and insert:
   66  
   67         An act relating to money services businesses; amending
   68         s. 560.141, F.S.; requiring an applicant for a license
   69         as a money services business to submit an application
   70         that includes with it a nonrefundable fee for each
   71         branch office and for each location of an authorized
   72         vendor; amending