Florida Regulations 69V-160.031: Consumer Finance License Renewal and Reactivation
Current as of: 2024 | Check for updates
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(1) Each active consumer finance license will be renewed for the biennial period beginning January 1 of every odd-numbered year, upon submission of the statutory renewal fee.
(2) If the Office of Financial Regulation has not received the renewal fee prior to January 1 of the renewal year, the license shall revert from active to inactive status. The inactive license may be reactivated within six (6) months after becoming inactive upon payment of the biennial license fee, payment of the reactivation fee which is a fee equal to the biennial license fee, and submission of the Consumer Finance Company Attestation Form, Form OFR-516-05.
(3) A renewal fee submitted electronically on the Office’s website shall be considered received on the date the Office issues a confirmation of payment to the licensee via the Office’s website. A confirmation is issued by the Office upon successful submission of a renewal payment.
(4) If the payment is received in a paper format, the received date shall be the date stamped on the payment when received by the Department of Financial Services’ Cashier’s Office in Tallahassee, Florida.
(5) All renewal fees and forms required to be filed under this rule shall be filed electronically at www.flofr.gov.
(6) Any person may request an exemption from the electronic filing requirements of this rule by submitting Form OFR-516-02, Request for Exemption from Electronic Filing Requirements, to: Office of Financial Regulation, Division of Consumer Finance, Bureau of Registration, 200 E. Gaines Street, Tallahassee, Florida 32399-0376. The Office of Financial Regulation will provide any person granted an exemption from the electronic filing requirement with instructions on how to file forms and fees in paper format. Form OFR-516-02 is incorporated by reference in Fl. Admin. Code R. 69V-160.036
(7) If December 31 of the year is on a Saturday, Sunday, or legal holiday pursuant to Florida Statutes § 110.117, then the renewals received on the next business day will be considered timely received.
(8) Form OFR-516-05, is incorporated by reference in Fl. Admin. Code R. 69V-160.039
Rulemaking Authority 516.03(1), 516.037, 516.22(1), 516.23(3) FS. Law Implemented 516.03(1), 516.037, 516.05(1), (2) FS. History-New 12-13-88, Amended 1-5-00, 12-25-00, Formerly 3D-160.031, Amended 12-20-07, 8-3-23.
(3) A renewal fee submitted electronically on the Office’s website shall be considered received on the date the Office issues a confirmation of payment to the licensee via the Office’s website. A confirmation is issued by the Office upon successful submission of a renewal payment.
(4) If the payment is received in a paper format, the received date shall be the date stamped on the payment when received by the Department of Financial Services’ Cashier’s Office in Tallahassee, Florida.
(5) All renewal fees and forms required to be filed under this rule shall be filed electronically at www.flofr.gov.
(6) Any person may request an exemption from the electronic filing requirements of this rule by submitting Form OFR-516-02, Request for Exemption from Electronic Filing Requirements, to: Office of Financial Regulation, Division of Consumer Finance, Bureau of Registration, 200 E. Gaines Street, Tallahassee, Florida 32399-0376. The Office of Financial Regulation will provide any person granted an exemption from the electronic filing requirement with instructions on how to file forms and fees in paper format. Form OFR-516-02 is incorporated by reference in Fl. Admin. Code R. 69V-160.036
(7) If December 31 of the year is on a Saturday, Sunday, or legal holiday pursuant to Florida Statutes § 110.117, then the renewals received on the next business day will be considered timely received.
(8) Form OFR-516-05, is incorporated by reference in Fl. Admin. Code R. 69V-160.039
Rulemaking Authority 516.03(1), 516.037, 516.22(1), 516.23(3) FS. Law Implemented 516.03(1), 516.037, 516.05(1), (2) FS. History-New 12-13-88, Amended 1-5-00, 12-25-00, Formerly 3D-160.031, Amended 12-20-07, 8-3-23.