11538264, 69U-120.004 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 11538264

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

FSC - Financial Institution Regulation

Chapter:

BANKS, TRUST COMPANIES, SAVINGS BANKS AND ASSOCIATIONS

Overview

RULE:

69U-120.004	Loans Secured by Secondary Liens on Real Estate
69U-120.009	Securities Purchasable by Banks; Investment Characteristics
69U-120.045	Minimum Internal Audit Procedures

PURPOSE:

Rule 69U-120.004, F.A.C., is to be amended to conform the rule to statutory changes in Section 658.48, F.S.; and to correct a cross-reference of Section 655.012(3) to 655.012(2) F.S., as rulemaking authority. Rule 69U-120.009 is to be amended to conform the rule to statutory changes in Section 658.67, F.S., enacted by Chapter Law 2011-194; and to correct a cross-reference of Section 655.012(3) to 655.012(2), F.S., as rulemaking authority. Rule 69U-120.045, F.A.C., is to be amended to eliminate and reduce certain requirements relating to minimum internal audit requirements; and to correct a cross-reference of Section 655.012(3) to 655.012(2), F.S., as a law implemented and rulemaking authority.

SUBJECT:

Regulation of Financial Institutions – Banks, Trust Companies, Savings Banks and Associations.

RULEMAKING AUTHORITY:

655.012(2), 655.06 FS.

LAW:

658.48, 658.67, 655.012(2), 655.045 FS.

PRINT PUBLISH DATE:

5/25/2012 Vol. 38/21

RELATED STATUTES
AND LAWS:

655.012(2), 655.06 FS., 658.48, 658.67, 655.012(2), 655.045 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=69U-120.004&PDate=5/25/2012&Section=1

REFERENCE MATERIALS:

No reference(s).

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