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Public deposit identification and acknowledgement form

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The document is a Public Deposit Identification and Acknowledgment Form from the Florida Department of Financial Services, specifically for public depositors to declare their accounts as public deposits under Chapter 280, Florida Statutes. It requires information about the account and the qualified public depository (QPD), along with signatures from both parties to acknowledge the classification and reporting of the account as a public deposit.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is public deposit long-term debt?

Public deposits and debenture comes within the ambit of long-term borrowings as they are taken for more than a financial period. A cash credit is a short-term cash loan to a company provided by banks on their current account.

What is a qualified public depository?

A bank, savings bank, or savings association that is designated as a qualified public depository and that is not insolvent shall guarantee public depositors against loss caused by the default or insolvency of other.

What is a qualified depository?

Qualified public depository means any bank or savings association organized and existing under the laws of Florida and any bank or savings association organized under the laws of the United States that has its principal place of business, or a branch office, in Florida which is authorized under the laws of Florida or

What is a public depository?

As the name indicates, public deposits are those deposits made directly to an institution by the general public. On deposits of the general public, companies pay higher interest rates than banks. Those who choose to deposit money with an organisation fill out the deposit paperwork.

What is a public deposit bank?

Public deposits are public funds deposited in a financial institution by the treasurer of a state or local government, or any agency thereof. State and local governments deposit billions of dollars in financial institutions, primarily in banks.

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