29051711, 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: 29051711

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 Company License
69V-160.031	Consumer Finance License Renewal and Reactivation
69V-160.032	Amendments, Change of Name, Change of Entity and Change in Control or Ownership
69V-160.036	Electronic Filing of Forms and Fees
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 Rules 69V-160.030, 69V-160.031, 69V-160.032, 69V-160.036, 69V-160.038, 69V-160.039, and 69V-160.111., F.A.C., to conform to and implement Chapter No. 2024-276, Laws of Florida, which was signed into law on June 28, 2024 and went into effect July 1, 2024. The law creates a branch license for consumer finance companies. The rules are being amended to define the term "principal place of business," clarify the application procedure for a principal place of business, clarify the renewal process for principal places of business and branch locations, clarify processes and procedures regarding the filing of branch application amendments, specify the forms and fees required to be filed electronically by a principal place of business and branch location, specify financial conditions of licensure required of principal places of business and branch locations, adopt a branch application form, adopt an annual report form, and to provide administrative penalties for persons who violate the provisions in chapter 516, F.S., that went into effect July 1, 2024.

SUBJECT:

Consumer Finance

RULEMAKING AUTHORITY:

516.03, 516.03(1), 516.037, 516.05, 516.05(4), 516.05(5), 516.05(10), 516.22(1), 516.23(3) FS

LAW:

516.01, 516.02, 516.02(1), 516.03, 516.03(1), 516.031, 516.035, 516.037, 516.05, 516.05(1),(2), 516.05(4), 516.05(5), 516.07, 516.15, 516.16, 516.17, 516.21, 516.31, 516.36 FS

PRINT PUBLISH DATE:

1/3/2025 Vol. 51/02

RELATED STATUTES
AND LAWS:

516.03, 516.03(1), 516.037, 516.05, 516.05(4), 516.05(5), 516.05(10), 516.22(1), 516.23(3) FS, 516.01, 516.02, 516.02(1), 516.03, 516.03(1), 516.031, 516.035, 516.037, 516.05, 516.05(1),(2), 516.05(4), 516.05(5), 516.07, 516.15, 516.16, 516.17, 516.21, 516.31, 516.36 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=69V-160.030&PDate=1/3/2025&Section=1

REFERENCE MATERIALS:

No reference(s).

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