Fla. Admin. Code Ann. R. 69V-560.706 - Records to be Maintained by Authorized Vendors

(1) Every authorized vendor of a money transmitter or payment instrument seller shall maintain at the location registered with the Office all records required by section 560.211(1), F.S., and rules 69V-560.702 through 69V-560.703, F.A.C., for at least 5 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.

(2) Every authorized vendor of a money transmitter or payment instrument seller shall maintain at all times a copy of the written agreement between the money transmitter or payment instrument seller and the authorized vendor. It will only be necessary for the agreement to be maintained at the authorized vendor's primary business address. Such agreements shall be made available to Office personnel upon request.

Notes

Fla. Admin. Code Ann. R. 69V-560.706

Rulemaking Authority 560.105 FS. Law Implemented 560.205, 560.211, 560.310 FS.

New 11-4-01, Formerly 3C-560.706, Amended 1-13-09.

New 11-4-01, Formerly 3C-560.706, Amended 1-13-09.