PART VII RECORDS
69V-560.701
General.
Each money transmitter shall maintain records required in Sections
560.211(1) and 560.310(1), F.S., and Rules 69V-560.702-.705, F.A.C., for at
least 3 years, unless a longer period of time is required by federal or
state law or regulations. Any readily accessible and retrievable form is
acceptable, in lieu of maintaining original documents.
Specific Authority 560.105(3) FS. Law Implemented 560.211, 560.310 FS.
History–New 9-24-97, Formerly 3C-560.701.
69V-560.704
Records to Be Maintained by Check Cashers.
(1) Every check casher shall maintain records of all payment instruments
cashed. The records shall include the following information with respect to
each payment instrument accepted by the registrant:
(a) The name of the maker;
(b) The address of the maker;
(c) The date appearing on the payment instrument;
(d) The amount of the payment instrument;
(e) The check number of the payment instrument accepted;
(f) The fee charged to cash the payment instrument;
(g) The verification fee, if any, imposed on the customer; and
(h) A line item description of the steps taken to verify the customer's
identity.
(2) The following additional information shall be maintained:
(a) Records relating to all returned payment instruments that shall include,
if known, the following:
PART VI REPORTING REQUIREMENTS
69V-560.602
Quarterly Reports to Be Filed by Check Cashers.
(1) Every registered check casher shall submit a quarterly report
to the Office of Financial Regulation on Form OFR-MT-1-01, Money Transmitter
Quarterly Report Form, effective 10/01, which is hereby incorporated by
reference. Such report shall be received by the Office of Financial
Regulation no later than forty-five (45) days after the conclusion of each
quarter and shall be sent to Division of Securities and Finance at the
address listed in subsection 69V-560.102(1), F.A.C. Should the forty-fifth
day fall on a weekend or holiday, the reports must be received by the Office
of Financial Regulation no later than the next business day.
(2) In lieu of filing Form OFR-MT-1-01, a registrant may submit the required
quarterly report information electronically on or before the deadline by
following the applicable instructions on the Office of Financial
Regulation's website (www.dbf.state.fl.us) on the Internet.
(3) The Office of Financial Regulation shall levy a late payment penalty of
$100.00 per day or part thereof that a report is past due. A report is
“past due” if it is received by the Office of Financial Regulation one
or more days beyond the period defined in subsection (1).
Specific Authority 560.105(3), 560.118(2)(b) FS. Law Implemented
560.118(2) FS. History–New 9-24-97, Amended 12-30-98, 11-4-01, Formerly
3C-560.602
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