29154531, 69V-40.070 - Florida Administrative Rules, Law, Code, Register

Home

Florida Department of State and Division of Library and Information Services

Notice: 29154531

Notice of Proposed Rule

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.

SUMMARY:

The new rule will prescribe criteria and processes for determining whether an organization is and remains a bona fide nonprofit organization.

RULEMAKING AUTHORITY:

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

LAW:

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

PRINT PUBLISH DATE:

1/17/2025 Vol. 51/12

COMMENTS:

From 1/17/2025 To 2/7/2025 (21 Days)

REFERENCE MATERIALS:

No reference(s).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.