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9 Cards in this Set
- Front
- Back
What is the regulatory authority in the state of Florida? |
The Florida office of Financial Regulation (OFR) |
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What are the divisions of the OFR? |
Division of consumer finance
Division of financial institutions
Division of securities |
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What is the function of the division of consumer finance? |
Oversee regulation of nondepository institutions and money service companies |
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Division of financial institutions does what? |
Regulates state chartered financial institutions, including commercial banks, credit unions S&Ls trust companies |
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Who are the members of the Florida State cabinet? |
Attorney General, the CFO and that Commissioner of agriculture. |
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Who oversees and is head of the OFR? |
The financial services commission |
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Who appoints the commissioner of the OFR? |
The financial services commission. |
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What agencies report to the commissioner's deputy commissioner? |
The communications director, three divisions of the OFR, and the independent Bureau of financial investigations |
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What rules must the commissioner adopt as they relate to criminal activity? |
Permanent bars for felonies of fraud or dishonesty.
15 disqualifying period for moral felonies
Seven year disqualifying periods for other felonies.
Five-year disqualifying periods for fraud misdemeanors |