25918223, 69V-160.030 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 25918223

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

FLORIDA CONSUMER FINANCE ACT

Overview

RULE:

69V-160.030	Application Procedure for Consumer Finance License
69V-160.038	Liquid Assets, Letter of Credit, and Surety Bond
69V-160.039	Adoption of Forms
69V-160.111	Disciplinary Guidelines

PURPOSE:

The purpose and effect is to amend existing rules and to create new rules to conform to and implement Chapter No. 2022-130, Laws of Florida, which was signed into law on May 23, 2022. The legislation permits a consumer finance company applicant/licensee to meet certain conditions of licensure by providing documentation of a surety bond, certificate of deposit or letter of credit in lieu of evidence of $25,000 in liquid assets. The amendments will remove the disciplinary guidelines as found in the rule provisions and transfer the disciplinary guidelines provisions to a form incorporated by rule.

SUBJECT:

Consumer Finance

RULEMAKING AUTHORITY:

516.03, 516.03(1), 516.05, 516.05(10), 516.22, 516.22(1), 516.23(3)

LAW:

516.02,, 516.03, 516.03(1),516.031, 516.035, 516.05, 516.07, 516.08, 516.12, 516.15, 516.16, 516.17, 516.21, 516.31, 516.35, 516.36

PRINT PUBLISH DATE:

9/9/2022 Vol. 48/176

RELATED STATUTES
AND LAWS:

516.03, 516.03(1), 516.05, 516.05(10), 516.22, 516.22(1), 516.23(3), 516.02,, 516.03, 516.03(1),516.031, 516.035, 516.05, 516.07, 516.08, 516.12, 516.15, 516.16, 516.17, 516.21, 516.31, 516.35, 516.36

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=69V-160.030&PDate=9/9/2022&Section=1

REFERENCE MATERIALS:

No reference(s).

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