Fla. Stat. 662.144
Failure to submit required report; fines

If a family trust company, licensed family trust company, or foreign licensed family trust company fails to submit within the prescribed period its annual renewal or any other report required by this chapter or any rule, the office may impose a fine of up to $100 for each day that the annual renewal or report is overdue. Failure to provide the annual renewal within 60 days after the end of the calendar year shall automatically result in termination of the registration of a family trust company or foreign licensed family trust company or revocation of the license of a licensed family trust company. A family trust company may have its registration or license automatically reinstated by submitting to the office, on or before August 31 of the calendar year in which the renewal application is due, the company’s annual renewal application and fee required under s. 662.128, a $500 late fee, and the amount of any fine imposed by the office under this section. A family trust company that fails to renew or reinstate its registration or license must wind up its affairs on or before November 30 of the calendar year in which such failure occurs. Fees and fines collected under this section shall be deposited into the Financial Institutions’ Regulatory Trust Fund pursuant to s. 655.049 for the purpose of administering this chapter.

Source: Section 662.144 — Failure to submit required report; fines, https://www.­flsenate.­gov/Laws/Statutes/2024/0662.­144 (accessed Aug. 7, 2025).

662.10
Short title 662.102
Purposes 662.111
Definitions 662.112
Degrees of kinship 662.113
Applicability of other chapters of the financial institutions codes 662.114
Family trust company and foreign licensed family trust company licensing not required 662.115
Applicability of chapter to a family trust company or foreign licensed family trust company 662.120
Maximum number of designated relatives 662.121
Application for licensed family trust company 662.122
Registration of a family trust company or a foreign licensed family trust company 662.123
Organizational documents 662.124
Minimum capital account required 662.125
Directors or managers 662.126
Fidelity bonds 662.127
Segregation of books, records, and assets 662.128
Annual renewal 662.129
Discontinuing business 662.130
Powers of family trust companies, licensed family trust companies, and foreign licensed family trust companies 662.131
Prohibitions 662.132
Investments 662.133
Oaths, affidavits, and acknowledgments 662.134
Unlawful to advertise services 662.135
Service as court-appointed fiduciary 662.140
Rules 662.141
Examination, investigations, and fees 662.142
Revocation of license 662.143
Cease and desist authority 662.144
Failure to submit required report 662.145
Grounds for removal 662.146
Confidentiality of books and records 662.147
Records relating to the office examination 662.148
Public records exemption 662.150
Domestication of a foreign family trust company 662.151
Registration of a foreign licensed family trust company to operate in this state 662.1215
Investigation of license applicants 662.1225
Requirements for a family trust company, licensed family trust company, or foreign licensed family trust company 662.1465
Family trust company proceedings

Current through Fall 2025

§ 662.144. Failure to submit required report; fines's source at flsenate​.gov