Fla. Admin. Code Ann. R. 69V-160.0301 - Application Procedures for a Consumer Finance Company Branch License

(1) A consumer finance company that intends to conduct business from a branch shall submit the following:

(a) A completed Application for Consumer Finance Company Branch License, Form OFR-516-06, which is incorporated by reference in Rule 69V-160.039, F.A.C.; and,

(b) The statutory, nonrefundable application fee required by Section 516.03(1), F.S.

(2) Request for additional information. Any request for additional information will be made by the Office of Financial Regulation within thirty (30) calendar days after receipt of the application by the Office of Financial Regulation. The additional information must be received by the Office of Financial Regulation within forty-five (45) calendar days after the date of the request. The Office will grant a request for an additional forty-five (45) days to submit the additional information. The Office will not grant a request after the original forty-five (45) day deadline has passed. Failure to timely provide all additional information shall result in the application being deemed abandoned, which will result in the application being removed from further consideration by the Office and closed.

(3) Amendments to Pending Applications. If the information contained in any application form for branch license, or any amendment thereto, becomes inaccurate for any reason, prior to approval of the branch license, the applicant shall file an amendment correcting such information on Form OFR-516-06.

(4) Withdrawal of Application. An applicant may request withdrawal of an application prior to a determination of the application being made by the Office of Financial Regulation by submitting Form OFR-516-06. Withdrawals will be deemed effective upon receipt by the Office.

(5) Refunds. If the application is withdrawn, abandoned, or denied, all fees are non-refundable.

(6) Upon approval of an application, a branch license will be issued for the remainder of the biennial licensure period.

Notes

Fla. Admin. Code Ann. R. 69V-160.0301

Rulemaking Authority 516.037, 516.22(1), 516.23(3), 516.03(1), 516.05(10) FS. Law Implemented 516.03(1), 516.037, 516.05, 516.07 FS.

Adopted by Florida Register Volume 51, Number 038, February 25, 2025 effective 3/10/2025.