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Florida Statute 560.210 | Lawyer Caselaw & Research
F.S. 560.210 Case Law from Google Scholar
Statute is currently reporting as:
Link to State of Florida Official Statute Google Search for Amendments to 560.210

The 2023 Florida Statutes (including Special Session C)
Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS
Chapter 560
MONEY SERVICES BUSINESSES
View Entire Chapter
F.S. 560.210
560.210 Permissible investments.—
(1) A licensee must at all times possess permissible investments with an aggregate market value, calculated in accordance with generally accepted accounting principles, of at least the aggregate face amount of all outstanding money transmissions and payment instruments issued or sold by the licensee or an authorized vendor in the United States. As used in this section, permissible investments include:
(a) Cash.
(b) Certificates of deposit or other deposit liabilities of a domestic or foreign financial institution.
(c) Bankers’ acceptances eligible for purchase by member banks of the Federal Reserve System.
(d) An investment bearing a rating of one of the three highest grades as defined by a nationally recognized rating service of such securities.
(e) Investment securities that are obligations of the United States, its agencies or instrumentalities, or obligations that are guaranteed fully as to principal and interest by the United States, or any obligations of any state or municipality, or any political subdivision thereof.
(f) Shares in a money market mutual fund.
(g) A demand borrowing agreement or agreements made to a corporation or a subsidiary of a corporation whose capital stock is listed on a national exchange.
(h) Receivables that are due to a licensee from the licensee’s authorized vendors except those that are more than 90 days past due or are doubtful of collection.
(i) Any other investment approved by rule.
(2) Each money transmitter that receives virtual currency, either directly or through an authorized vendor, for the purpose of transmitting such virtual currency from one person to another location or person must at all times, until the transmission obligation is completed, hold virtual currency of the same type and amount owed or obligated to the other location or person. Virtual currency received and held under this subsection is not included in the amount of outstanding money transmissions for purposes of calculating the permissible investments required by subsection (1).
(3) Notwithstanding any other provision of this part, the office, with respect to any particular licensee or all licensees, may limit the extent to which any class of permissible investments may be considered a permissible investment, except for cash and certificates of deposit.
(4) The office may waive the permissible investments requirement if the dollar value of a licensee’s outstanding payment instruments and money transmitted do not exceed the bond or collateral deposit posted by the licensee under s. 560.209.
History.—s. 2, ch. 94-238; s. 2, ch. 94-354; s. 716, ch. 2003-261; s. 60, ch. 2006-213; s. 35, ch. 2008-177; s. 8, ch. 2022-113.

F.S. 560.210 on Google Scholar

F.S. 560.210 on Casetext

Amendments to 560.210


Arrestable Offenses / Crimes under Fla. Stat. 560.210
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 560.210.

Annotations, Discussions, Cases:

Cases from cite.case.law:

MINISTRY OF DEFENSE AND SUPPORT FOR THE ARMED FORCES OF THE ISLAMIC REPUBLIC OF IRAN, v. CUBIC DEFENSE SYSTEMS, INC. v., 665 F.3d 1091 (9th Cir. 2011)

. . . . §§ 560.201-560.210. . . .

UNITED STATES v. BANKI,, 660 F.3d 665 (2d Cir. 2011)

. . . . § 560.210 (exempting from regulation certain personal communications, humanitarian donations, information . . .

UNITED STATES v. BANKI,, 685 F.3d 99 (2d Cir. 2011)

. . . . § 560.210 (exempting from regulation certain personal communications, humanitarian donations, information . . .

UNITED STATES v. AMIRNAZMI,, 645 F.3d 564 (3d Cir. 2011)

. . . . § 560.210(c). . . . See 31 C.F.R. § 560.210(c)(1). . . . Id. § 560.210(c)(2) (emphasis added). . . . co-produce, create or assist in the creation of information and informational materials. 31 C.F.R. § 560.210 . . . See id. § 560.210(c)(3) ("This section does not exempt from regulation or authorize transactions incident . . .

In FIFTH AVENUE AND RELATED PROPERTIES, 777 F. Supp. 2d 529 (S.D.N.Y. 2011)

. . . . § 560.210(b). . . .

SANTOS Jr. v. U. S. BANK N. A. a LLC, a a, 716 F. Supp. 2d 970 (E.D. Cal. 2010)

. . . See 12 C.F.R. 560.35, 560.210, 226.19(b), 226.20(c). . . .

UNITED STATES v. MOUSAVI,, 604 F.3d 1084 (9th Cir. 2010)

. . . . § 560.210 (“Exempt transactions”). . . .

HAFIZ, v. GREENPOINT MORTAGE FUNDING, INC. a LLC, a a a s, 652 F. Supp. 2d 1039 (N.D. Cal. 2009)

. . . See 12 C.F.R. 560.35, 560.210, 226.19(b), 226.20(e). . . .

ABC CHARTERS, INC. a a a a a a a a a a a s a v. H. BRONSON, 591 F. Supp. 2d 1272 (S.D. Fla. 2008)

. . . . § 560.210(d) of the Iranian Transactions Regulations, 31 U.S.C. § 538.212 of the Sudanese Sanctions . . .

UNITED STATES OF AMERICA v. E. QUINN, H. A., 403 F. Supp. 2d 57 (D.D.C. 2005)

. . . sure, but it also appears to encompass various “exempt transactions,” such as those identified in § 560.210 . . .

UNITED STATES, v. ANVARI- HAMEDANI,, 378 F. Supp. 2d 821 (N.D. Ohio 2005)

. . . . §§ 560.210, 560.516 limit this Executive Order, as they allow transfers for humanitarian purposes and . . .

BASSIDJI, v. GOE,, 413 F.3d 928 (9th Cir. 2005)

. . . . § 560.210(d). . . .

ARNOLD, v. FIRST GREENSBORO HOME EQUITY, INC., 327 F. Supp. 2d 1022 (E.D. Mo. 2004)

. . . . §§ 560.33-560.35, 560.210, 560.220. . . . .

W. McCARTHY, v. OPTION ONE MORTGAGE CORPORATION BNC, 362 F.3d 1008 (7th Cir. 2004)

. . . . §§ 560.33 [late charges], 560.34 [prepayments], 560.35 [adjustments to home loans], and 560.210 [disclosures . . . McCarthy disputes that BNC substantially complied with issuing the requisite disclosures mandated by § 560.210 . . . non-federal housing creditors effective July 1, 2003; 12 C.F.R. § 560.220 now identifies only §§ 560.35 and 560.210 . . .

KALANTARI, a v. NITV, INC. a d b a TV a k a a k a a, 352 F.3d 1202 (9th Cir. 2003)

. . . . § 560.210(c)(1). 1. . . . The history of the IEEPA exemption and of § 560.210(c)(2) supports this understanding. . . . Furthermore, the history of § 560.210(c)(2) makes sense when viewed against the background of the House . . . In the final regulations, which were issued one month later, § 560.210(c)(2) described certain types . . . Compare 31 C.F.R. § 515.206 (“Exempt transactions”) with id. § 560.210 (same). . . .

ANSLEY, v. AMERIQUEST MORTGAGE COMPANY,, 340 F.3d 858 (9th Cir. 2003)

. . . . §§ 560.33-560.35, 560.210, 560.220. . . .

M. FLATOW, v. ISLAMIC REPUBLIC OF IRAN,, 305 F.3d 1249 (D.C. Cir. 2002)

. . . . § 560.210. . . .

NATIONAL HOME EQUITY MORTGAGE ASSOCIATION, v. E. FACE, Jr. E. L. v. L. E. Jr. E., 239 F.3d 633 (4th Cir. 2001)

. . . 3801 note, §§ 560.33 [Late charges], 560.34, [Prepayments], 560.35 [adjustments to home loans], and 560.210 . . .