Final Order — Money Services Business

Index: OFR 2026- 412
STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
In Re:
FRANCHISE NETWORK DELRAY BEACH,
INC.
Case Number: 123605 d/b/a UNITED CHECK CASHING, Respondent.
FINAL ORDER
This cause came on for consideration and final agency action. Upon review of the record and being otherwise fully advised in the premises, the Office of Financial Regulation ("Office") hereby finds:

1. The Office has jurisdiction over the subject matter of this case and the parties
   hereto.
2. The entry of this Final Order concludes the above-referenced matter.
   ORDERED:
   A. The Stipulation and Consent Agreement (Exhibit A) is hereby approved and incorporated by reference as if fully stated herein and is adopted as the Office's Findings of Fact and Conclusions of Law. B. The parties shall comply with all terms of the Stipulation and Consent Agreement. DONE and ORDERED this ~ day of August, 2026, in Tallahassee, Leon County, Florida. Russel Comm1ss1oner

CERTIFICATE OF SERVICE
I HEREBY CERTIFY that a true and correct copy of the foregoing Final Order has been furnished via electronic mail to Respondent at mjcasper24 ,gmail.com and via U.S. Mail to Franchise Network Delray Beach, Inc. d/b/a United Check Cashing at 3300 N. State Road 7, Lauderdale Lakes, FL 33407on this /qtl1 day of August, 2026. cial Regulation ...-K·.-.,-n ox 8050 e, FL 32314-8050 Em . Agency.Clerk@flofr.gov Tel: (850) 410-9889

STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
In Re:
FRANCHISE NETWORK DELRAY
BEACH, INC. d/b/a UNITED CHECK
CASHING,
Respondent.
Exhibit A
Case Number: 123605
STIPULATION AND CONSENT AGREEMENT
The State of Florida, Office of Financial Regulation ("Office") and FRANCHISE NETWORK DELRAY BEACH, INC. d/b/a UNITED CHECK CASHING ("Respondent"), in consideration of the mutual promises herein, recite, stipulate and agree as follows:

1. Background. At all times material hereto, Franchise Network Delray Beach, Inc.
   d/b/a United Check Cashing ("Franchise Network") is and has been a money services business in the state of Florida, pursuant to chapter 560, Florida Statutes, having been issued license number FT340001196. At all times material hereto, Michael Casper, signatory on this stipulation and consent agreement, has served as a director and sole owner of Franchise Network. The Office conducted an examination (No. 119551) of Franchise Network's business records and operations to ascertain compliance with chapter 560, Florida Statutes, for the period of October I, 2021, through September 30, 2023. The parties are resolving the issues herein with this Stipulation and Consent Agreement in lieu of the Office conducting further proceedings on this matter.
2. Jurisdiction. The Office is the state agency charged with the administration and
   enforcement of chapter 560, Florida Statutes, and the rules promulgated thereunder. The Office has jurisdiction to bring this administrative action against Respondent pursuant to chapter 560,

Florida Statutes.
3. Findings. For purposes of this Stipulation and Consent Agreement, Respondent
neither admits nor denies but consents to the Office making the following findings:
a) Respondent authorized signatories without a controlling interest on the business depository accounts, in violation of Rule 69V-560. 704(1 )(b ), Florida Administrative Code, thereby violating section 560.l 14(1)(a), Florida Statutes. b) Respondent failed to timely report the opening and the closing of its bank accounts in its license application, in violation of section 560.126(2), Florida Statutes, and Rule 69V-560.201(2), Florida Administrative Code. c) Respondent failed to report the change in compliance officer within 30 days, in violation of section 560.126(3), Florida Statutes, and Rule 69V￾560.102(5), Florida Administrative Code. d) During the examination period, Respondent entered inaccurate information into the check cashing database or failed to enter required information into the check cashing database on 30 transactions, in violation of section 560.310(2)( d), Florida Statutes. e) Respondent failed to maintain customer files for the corporate payment instruments they accepted, in violation of section 560.310(2)(a), Florida Statutes, and Rule 69V-560.704(4)(d), Florida Administrative Code. f) Respondent failed to maintain annual attestations within their active customer files, in violation of section 560.114(l)(a), Florida Statutes, and Rule 69V-560.704(4)(e), Florida Administrative Code.

g) Respondent failed to file currency transaction reports in accordance with requirements, in violation of section 560.123(3)(c), Florida Statutes, and Rule 69V-560.608, Florida Administrative Code. h) Respondent's deferred presentment agreements failed to contain the information required by Rule 69V-560.904(l){b), Florida Administrative Code, which is a violation of section 560.114(1)(a), Florida Statutes. i) Respondent failed to maintain signed and dated receipts for 42 deferred presentment installment transactions, in violation of section 560.405(3), Florida Statutes, and Rule 69V-560. 707( 1 )(k), Florida Administrative code. j) Respondent failed to accurately input required information regarding the closing dates and payment methods, in violation of Rule 69V-560.908(4), Florida Administrative Code, which is a violation of section 560.114( 1 )( a), Florida Statutes. k) Respondent failed to immediately update and close transactions on the database in violation of Rule 69V-560.908(6), Florida Administrative Code, which is a violation of section 560.114(1 )(a), Florida Statutes.

1. Respondent deposited customers' checks for payment before the end of the
   deferment period, in violation of section 560.405(1 ), Florida Statutes. m) Respondent failed to include required information within their deferred presentment agreements, in violation of Rule 69V-560.904(l)(a), Florida Administrative Code.

n) Respondent used a fictitious name, which was not the legal name that Respondent was permitted to transact business under, in violation of section 560.309(1), Florida Statutes. o) Respondent charged transaction fees in excess of those permitted by law, in violation of Rule 69V-560.905(2), Florida Administrative Code, and thereby, in violation of section 560.114( 1 )( a), Florida Statutes.
4. Terms and Conditions. The parties agree that the issues raised can be
expeditiously resolved without a hearing and that formal litigation can be avoided by their execution of this Stipulation and Consent Agreement. The parties acknowledge that they have read this Stipulation and Consent Agreement and fully understand the rights, obligations, terms, duties and responsibilities with respect to its contents. Therefore, in compromise and settlement of the foregoing findings and in consideration of the Office's forbearance from formal litigation, Respondent agrees to the following terms and conditions:
a. FUTURE COMPLIANCE. Respondent agrees it shall cease and desist from violations of chapter 560, Florida Statutes, and the rules promulgated thereunder, and comply with all provisions of chapter 560, Florida Statutes, and the rules promulgated thereunder. b. AGREEMENT NOT TO CASH CERTAIN CHECKS. Respondent agrees not to cash payment instruments that exceed $1,000 or multiple payment instruments accepted from any one person on any given day which total more than $1,000, for a period often (10) years from the date of the Final Order.
c. ADMINISTRATIVE FINE. Respondent agrees to pay the Office a total
administrative fine in the amount of Ten Thousand Dollars ($10,000.00), to be paid at the time of the execution and delivery of this Stipulation and Consent Agreement.

The administrative fine shall be submitted in the form of a wire, cashier's check, or money order made payable to the "Office of Financial Regulation" and shall be sent to the attention of Agency Clerk c/o Joaquin Alvarez, Post Office Box 8050, Tallahassee, Florida 32314-
8050. Respondent acknowledges and agrees that: (i) in accordance with section 215 .31, Florida
Statutes, regarding the deposit of monies, the tendered fine or settlement check proceeds may be deposited in advance of full execution or acceptance of the proposed Stipulation and Consent Agreement; and (ii) such deposit shall not be construed as a final acceptance of the Stipulation and Consent Agreement absent full execution thereof and entry of a final order adopting same.
5. Final Order. Respondent consents to the issuance by the Office of a final order,
which incorporates the terms of this Stipulation and Consent Agreement. Respondent understands and agrees that this Stipulation and Consent Agreement is subject to the final approval of the Office of Financial Regulation and the entry of the Final Order adopting same. In the event that the Final Order is not entered, this Stipulation and Consent Agreement shall be null and void. The Final Order incorporating this Stipulation and Consent Agreement constitutes final agency action by the Office for which the Office may seek enforcement pursuant to the provisions of chapters 560 and 120, Florida Statutes.
6. Waiver. By Respondent's consent to the entry of a final order with respect to this
proceeding Respondent waives:
a. any right to separately stated Findings of Fact and Conclusions of Law; b. any right to receipt of a Notice of Rights pursuant to chapter 120, Florida Statutes;
c. any right to an administrative hearing or issuance of a recommended order
pursuant to chapter 120, Florida Statutes; and d. any right to contest in any administrative forum or judicial proceeding (including,

but not limited to, an appeal pursuant to Section 120.68, Florida Statutes) the validity of any term, condition, obligation, or duty expressly created in this Stipulation and Consent Agreement and the Final Order.
7. Releases. Upon full execution of this Stipulation and Consent Agreement,
Respondent waives, releases and forever discharges the Office and its agents, representatives and employees from any and all causes of action, in law or in equity, which Respondent may have arising out of this matter. The Office accepts this release and waiver by Respondent on behalf of itself, its agents, representatives, and employees without acknowledging, and expressly denying, that any such right or cause of action may exist.
8. Failure to Comply. Respondent acknowledges, concurs and stipulates that
Respondent's failure to comply with any of the terms, obligations and conditions of this Stipulation and Consent Agreement, and the Final Order adopting it is a violation of the written agreement and the Final Order entered pursuant to chapters 120 and 560, Florida Statutes. Such non￾compliance may result in the issuance of an emergency cease and desist order. However, nothing herein shall be construed to limit Respondent's right to contest any finding or determination of non-compliance.
9. Attorney's Fees. Each party herein shall be solely responsible for its separate costs
and attorney's fees incurred in the prosecution, defense or negotiations in this matter up to and including entry of the Final Order adopting this Stipulation and Consent Agreement. Severability. The parties agree that if any provision of this Stipulation and Consent Agreement or the application thereof to any person or circumstance is held invalid, the Stipulation and Consent Agreement will be given effect without the invalid provision, and to this end, the provisions of this Stipulation and Consent Agreement are declared severable.

11 . Counterparts. This Stipulation and Consent Agreement may be executed in any number of counterparts, and by the parties in separate counterparts, each of which will be deemed to be an original but all of which together will constitute but one Stipulation and Consent Agreement. Copies of this Stipulation and Consent Agreement transmitted by facsimile or electronic mail shall have the same validity as if bearing an original signature.
12. Entire Agreement. This Stipulation and Consent Agreement represents the entire
agreement by and between Respondent and the Office. Any alterations, variations, changes, modifications or waivers of the provisions hereof shall be valid only when they have been reduced to writing, duly signed by the Office and Respondent hereto, attached to the original of this Stipulation and Consent Agreement, and subject to the approval of the Office. WHEREFORE, in consideration of the foregoing, the Office and FRANCHISE NETWORK DELRAY BEACH, INC. d/b/a UNITED CHECK CASHING execute this Stipulation and Consent Agreement for issuance of a final order on the last date executed below. [this section intentionally left blank]

FRANCHISE NETWORK DELRAY BEACH, INC. d/b/a UNITED CHECK CASHING:
,,L ~ Date: 7 /i fao~~
(Sig re)
Name: Michael Casper
State of Pennsylvania
County of Philadelphia
Title: director and sole owner
BEFORE ME, the undersigned authority, appeared Michael Casper as director and sole owner of FRANCHISE NETWORK DELRAY BEACH, INC. d/b/a UNITED CHECK CASHING, by means of [x] physical presence or [ ] online notarization has sworn ( or affirmed) that he has read and understands the foregoing agreement and voluntarily signed the same. SWORN TO AND SUBSCRIBED before me this /4 day of _ _,,,,,,.(l..,.,.,~"""".I"""-- --'' 2026. C7 7 Check the appropriate box:
Personally known~
OR Produced Identification D
~&J~je-
~ Pubv ,.... _________ ...,..
Commonwealth of Pennsylvania - Notary Seti
JEAN SQUITIERE - Notary Public
Phtladelphla County
Type of identification produced D Driver's License D Passport My Commission Expires February 17, 2028 Commission Number 115M89 D Other ______ _ (Do not include ID number) OFFICE OF FINANCIAL REGULATION Gregory C. Oaks Director Division of Consumer Finance Date:
8/10/2026