Florida Regulations 69V-180.020: Commercial Collection Registration Form and Procedures
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(1) Each person registering as a commercial collection agency shall submit the following to the Office of Financial Regulation:
(a) A completed Registration of Commercial Collection Agency form, Form OFR-COM-101, effective 9/9/2015, which is hereby incorporated by reference and available by mail from the Office of Financial Regulation, 200 East Gaines Street, Tallahassee, Florida 32399-0376, and also incorporated by reference in Fl. Admin. Code R. 69V-180.002, and available at http://www.flrules.org/Gateway/reference.asp?No=Ref-05778.
(b) If a partnership, sole proprietorship or corporation, a completed Exhibit A, as incorporated in subFl. Admin. Code R. 69V-180.002(1)(a)2.
(c) A non-refundable registration fee of $500 for the annual registration period beginning January 1 of each calendar year or any part thereof.
(d) Evidence of a current surety bond in the amount of $50,000 as required in subsection 69V-180.010(1), F.A.C.
(2) Request for Additional Information. An incomplete registration form shall not be considered as validly received. A request for additional information will be made by the Office of Financial Regulation within thirty (30) days after initial receipt of the incomplete registration form by the Office of Financial Regulation. The additional information must be received by the Office of Financial Regulation within forty-five (45) days from the date of 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 provide timely 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) Amendment of Pending Registration.
(a) A prospective registrant shall notify the Office of Financial Regulation within ten (10) days of the occurrence of any change in the information reported on the registration.
(b) A prospective registrant may amend the registration form as to those factors generally within the control or selection of the prospective registrant once, as a matter of course, at any time within thirty (30) days from its initial receipt for filing. Otherwise the registration form may be amended only with prior written permission from the Office of Financial Regulation. Requests to make changes which are material to the registration or to the Office of Financial Regulation’s evaluation of the registration filed at any time after initial receipt of the registration form shall be deemed by the Office of Financial Regulation to be grounds for rejection of the registration, and a new registration form, accompanied by the appropriate filing fee and evidence of a current surety bond in the amount of $50,000 shall be required.
(4) Withdrawal of Registration. A prospective registrant may request withdrawal of a registration prior to an initial determination of the registration being made by the Office of Financial Regulation by submitting a written request that the registration be withdrawn.
(5) Refunds. If the registration is withdrawn, voided, or rejected, the registration fee is non-refundable.
(6) Upon approval, a registration will be issued for the remainder of the annual registration period.
Rulemaking Authority 559.545 FS. Law Implemented 559.542, 559.544, 559.545 FS. History-New 2-15-94, Formerly 3D-180.020, Amended 9-10-15, 1-18-21.
Terms Used In Florida Regulations 69V-180.020
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
(b) If a partnership, sole proprietorship or corporation, a completed Exhibit A, as incorporated in subFl. Admin. Code R. 69V-180.002(1)(a)2.
(c) A non-refundable registration fee of $500 for the annual registration period beginning January 1 of each calendar year or any part thereof.
(d) Evidence of a current surety bond in the amount of $50,000 as required in subsection 69V-180.010(1), F.A.C.
(2) Request for Additional Information. An incomplete registration form shall not be considered as validly received. A request for additional information will be made by the Office of Financial Regulation within thirty (30) days after initial receipt of the incomplete registration form by the Office of Financial Regulation. The additional information must be received by the Office of Financial Regulation within forty-five (45) days from the date of 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 provide timely 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) Amendment of Pending Registration.
(a) A prospective registrant shall notify the Office of Financial Regulation within ten (10) days of the occurrence of any change in the information reported on the registration.
(b) A prospective registrant may amend the registration form as to those factors generally within the control or selection of the prospective registrant once, as a matter of course, at any time within thirty (30) days from its initial receipt for filing. Otherwise the registration form may be amended only with prior written permission from the Office of Financial Regulation. Requests to make changes which are material to the registration or to the Office of Financial Regulation’s evaluation of the registration filed at any time after initial receipt of the registration form shall be deemed by the Office of Financial Regulation to be grounds for rejection of the registration, and a new registration form, accompanied by the appropriate filing fee and evidence of a current surety bond in the amount of $50,000 shall be required.
(4) Withdrawal of Registration. A prospective registrant may request withdrawal of a registration prior to an initial determination of the registration being made by the Office of Financial Regulation by submitting a written request that the registration be withdrawn.
(5) Refunds. If the registration is withdrawn, voided, or rejected, the registration fee is non-refundable.
(6) Upon approval, a registration will be issued for the remainder of the annual registration period.
Rulemaking Authority 559.545 FS. Law Implemented 559.542, 559.544, 559.545 FS. History-New 2-15-94, Formerly 3D-180.020, Amended 9-10-15, 1-18-21.