Florida § 560.204 - License required.
Full text of Florida Florida Statutes § 560.204 — License required., with citation guidance and answers to common questions.
§ 560.204. License required.
(1) Unless exempted, a person may not engage in, or in any manner advertise that they engage in, the activity of a payment instrument seller or money transmitter, for compensation, without first obtaining a license under this part. For purposes of this subsection, the term “compensation” includes profit or loss on the exchange of currency, monetary value, or virtual currency. (2) A licensee under this part may also engage in the activities authorized under part III of this chapter without the imposition of any additional licensing fees.
Frequently Asked Questions About Florida § 560.204
What does Florida Statutes § 560.204 cover?
Section 560.204 ("License required.") 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 § 560.204?
A common citation format is "Florida Statutes § 560.204" (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 § 560.204 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.