Florida § 560.1401 - Licensing standards.
Full text of Florida Florida Statutes § 560.1401 — Licensing standards., with citation guidance and answers to common questions.
§ 560.1401. Licensing standards.
To qualify for licensure as a money services business under this chapter, an applicant must: (1) Demonstrate to the office the character and general fitness necessary to command the confidence of the public and warrant the belief that the money services business or deferred presentment provider shall be operated lawfully and fairly. (2) Be legally authorized to do business in this state. (3) Be registered as a money services business with the Financial Crimes Enforcement Network as required by 31 C.F.R. s. 1022.380, if applicable. (4) Have an anti-money laundering program in place which meets the requirements of 31 C.F.R. s. 1022.210. (5) Provide the office with all the information required under this chapter and related rules.
Frequently Asked Questions About Florida § 560.1401
What does Florida Statutes § 560.1401 cover?
Section 560.1401 ("Licensing standards.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 560.1401?
A common citation format is "Florida Statutes § 560.1401" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 560.1401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.