29052002, 69V-40.070 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 29052002

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

MORTGAGE BROKERAGE

Overview

RULE:

69V-40.070

Bona Fide Nonprofit Organization Exemption Criteria and Processes.

PURPOSE:

The purpose and effect is to create Rule 69V-40.070, F.A.C, to conform to and implement Chapter No. 2024-134, Laws of Florida, which was signed into law on April 26, 2024 and went into effect July 1, 2024. The law requires the Office to prescribe, via rulemaking, criteria and processes for determining whether an organization is and remains a bona fide nonprofit organization.

SUBJECT:

Consumer Finance

RULEMAKING AUTHORITY:

494.0011(2)(b)7., 494.00115(3)(a)

LAW:

494.0011(2)(b)7., 494.00115(3)

PRINT PUBLISH DATE:

1/3/2025 Vol. 51/02

RELATED STATUTES
AND LAWS:

494.0011(2)(b)7., 494.00115(3)(a), 494.0011(2)(b)7., 494.00115(3)

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-40.070&PDate=1/3/2025&Section=1

REFERENCE MATERIALS:

No reference(s).

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