Final Order — Money Services Business

Index: OFR 2026 - 241 STATE OF FLORIDA OFFICE OF FINANCIAL REGULATION In Re: NSMA, INC., D/B/A NEIL'S CHECK CASHING, NABIH MUSALLAM, and SUSANA MUSALLAM, Respondents. Case Number: 128472 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 6,f/,t day of May, 2026, in Tallahassee, Leon County, Florida. Commissioner

CERTIFICATE OF SERVICE I HEREBY CERTIFY that a true and correct copy of the foregoing Final Order has been furnished to NSMA, Inc., d/b/a Neil's Check Cashing, Nabih Musallam and Susana Musallam by electronic mail at zkay00 l@aol.com on this 6 {hday of May, 2026. l Regulation 050 32314-8050 .Clerk@flofr.gov Tel: (850) 410-9889 2

STATE OF FLORIDA OFFICE OF FINANCIAL REGULATION ln Re: NSMA, INC., d/b/a NEIL'S CHECK CASHING, NABIH MUSALLAM and SUSANA MUSALLAM, Respondents. Exhibit A Case Number: 128472 STIPULATION AND CONSENT AGREEMENT The State of Florida, Office of Financial Regulation ("Office"), and NSMA, INC., d/b/a NEIL'S CHECK CASHING, NABill MUSALLAM, and SUSANA MUSALLAM ("Respondents"), in consideration of the mutual promises herein, recite, stipulate, and agree as follow.; l. Background. At all times material hereto, NSMA, Inc., d/b/a Neil's Check Cashing, is and has been a Part Ill Money Services Business in the State of Florida, having been issued license number FT30900127. At all times material, Nabih Musallam is and has been the President and Fifty (50) percent Owner ofNSMA, Inc., dlb/a Neil's Check Cashing. At all times material, Susana Musallam is and has been the Secretary and Fifty (50) percent Owner ofNSMA, lnc , d'b/a Neil's Check Cashing. The Office conducted an examination (No. 125432) to ascertain Respondents' compliance with chapter 560, Florida Statutes. In lieu ofinitiating a fonnal proceeding, the parties are herein resolving the matters at i~sue. 2 Jmisdiction. 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 Respondents pursuant to chapter 560, Florida Statutes. 3, Findings. For purposes of this Stipulation and Consent Agreement, Respondents consent to the Office making the following findings: a) Respondents failed to timely and accurately enter transactions and failed to enter transactions into the check cashing database (CCDB), in violation of Rule 69V-560. 704(5), Florida Administrative Code, and thereby section 560.310(2)(d), Florida Statutes. 4. Terms and Conditions. The parties agree that the issues raised can be expeditiously resolved without further litigation by the execution of this Stipulation and Consent Agreement. The parties acknowledge that they have read this Stipulation and Consent Agreement and fully unde1:,tand the rights, obligations, tenns, 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 further litigation, Respondents agree to the following tenns and conditions: a. FUTURE COMPLIANCE. Respondents agree that they shall cease and desist from future violations of chapter 560, Florida Statutes, and the rules promulgated thereunder, and comply with all the provisions of chapter 560, Florida Statutes, and the rules promulgated pursuant thereto. b. ADI\UNISTRATJVE FINE. Respondents agree to pay the Office an administrative fine in the amount of One Thousand Five Hundred Dollars (SI ,500.00), to be paid at the time of the execution and delivery of this Stipulation and Consent Agreement. 2

This administrative fine shall be submitted in the fonn of a wire, cashier's check or money order made payable to "Office of Financial Regulation". Such payment shall reference Case Kumber 128472 and shall be sent to the attention of Agency Clerk- do Allison McDonald, Post Offire Box 8050, Tallahassee, Florida 32314-8050. Respondents acknowledge and agree that in accordance with section 215.31, Florida Statutes, regarding the deposit of monies, (i) the tendered fine or settlement check may be deposited in advance of full execution or acceptance of the 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. Respondents consent to the entry of a Final Order, which incorporates the tenns of this Stipulation and Consent Agreement. Respondents understand and agree 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 such Agreement. 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 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 Respondents' consent to the entry of a Final Order with respect to this proceeding, Respondents waive: 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; 3

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, Respondents waive, release, and forever discharge the Office and its agents, representatives, and employees from any and all causes of action, in law or in equity, which Respondents may have arising out of this matter. The Office accepts this release and waiver by Respondents 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. Respondents acknowledge, concur, and stipulate that Respondents' 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 Respondents' right to contest any finding or detem1ination 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 the entry of the Final Order adopting this Stipulation and Consent Agreement. 4

10 Seye1·ability. 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. Counte1·parts. This Stipulation and Consent Agreement may be executed in any number of cowiterparts, 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 ab'Teement by and between Respondents 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 Respondents 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 Respondents execute this Stipulation and Consent Agreement for entry of a Final Order on the last date executed below. / this space imentional/y left blank with signawres appearing on the following page J 5

Date· Name: Nabih Musallam Title: President and Fiftv (501 Percent Owner Stateof Bill:)@~ County of Bf QLlA￾r-:abih M\Jsallam, as President and Fifty (50} Percent Owner of NSMA, 1nc., d/b/a Neil's Check Cashing, BEFORE ME by means of~ysical presence or C 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 fjt--day of Apeil MICH!LLEBRAHER Notary Pwlic, Stale ol Florida CommisslOllf HH 771255 My comm. e,qjfes May 08, 2030 Check the appropriate box: Personally known ~ OR Produced Identification D Type of identification produced D Driver's License D Passport D Other _____ _ (Do not include lD number) 6 , 2026.

1'.rune: Nabih Musallam ~tateor Fl~g ( aunty of --'----..C'----'--'-..,__.5eo"'"' {j Nabih Musallarn, BEFORE ME by means of~ysical presence or D 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 0~ay orfrpl2.i I Check the appropriate box: Personally known~ OR Produced Identification D Type of identification produced O Driver's License D Passport D Other _ _____ _ (Do not include ID number) 7 . 2026. IICHE1.LE 8RAlfER Notary Public. Slate of Florida CommlssiOn# HH n1255 My COITlll. eicpfes May 06, 203-0

Date: Name: Susana Musallam Title: Secretarv and Fifty (50) Percent Owner State of :FJ ond<l.:. Countyof~ ~ Susana Musallam, as Secretruy and Fifty (50) Percent Owner of NSMA, Inc., d/b/a Neil's Check Cashing, BEFORE ME by means of j!g physical presence or □ onJine notarization, has sworn (or affirmed) that she has read and understands the foregoing agreement and voluntarily signed the same. SWORN TO AND SUBSCRJBED before me this_7_ day of ,:1-e__.-,~· ___ , 2026. EUZABETH OORH Nollly Plmlc. State ol Florida Com1n1saiOn1 HH 1195672 My 00M. .xpreg Oct. 04. 2029 Check the appropriate box: Personally kno\11 0 OR Produced ldenlification [gj Type ofideutification produced RJ Driver's License 0 Passport D Olher _____ _ (Do not include ID number) 8

J'ame: Susana Musallam Stal~ of '+lo..:J °"-> County of~w, ~ Date: Susana Musallam, BEFORE ME by means of,lq physical presence or D online notarization, has sworn (or affirmed) that she has read and understru1ds the foregoing agreement and volw1tarily signed the same. SWORN TO AND SUBSCRIBED before me this--7_ day of-'-ftpr,"f-'~• ..... / ___ , 2026. BJZABETH DORN Notaly Nllc, Stalt ol Aoricfa COlnamialll HH 695672 My Cl0ln. fllPtll Oct. 04, 2029 Check thlHl~!tt! ... ~M,.... _____ _. Personally known 0 OR Produced Identification~ Type of identification produced ~ Driver's License 0 Passport D Other _ _ ___ _ (Do not include ID number) 5/4/2026 01-'FICE OF FINANCIAL REGULATION 8dt~uit,,, for Gregory C. Oaks Date: _________ _ Gregory C. Oaks, Director Division of Consumer Finance 9