(1) The Department will impose a $1,000 fine against the foreign principal for each day that the registration is late. Except as provided in section 692.203(3)(b), F.S., the registration will be deemed late if it is filed more than 30 days after the real property is owned or acquired by the foreign principal.
    (2) The Department will issue a notice of violation to any foreign principal found in violation of Florida Statutes § 692.203(3), prior to final agency action. Such notice will include hearing rights pursuant to Florida Statutes § 120.569
    (3) Fines imposed are due and payable to the Department within 30 days of entry of the final order unless otherwise stated in the final order.
Rulemaking Authority Florida Statutes § 692.203(10). Law Implemented Florida Statutes § 692.203. History-New 1-4-24.