4413614, 69V-70.050 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 4413614

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

SALES FINANCE

Overview

RULE:

69V-70.050	Application Procedure for Sales Finance Company License (Repealed)
69V-70.055	Sales Finance Company Branch Office License (Repealed)
69V-70.060	Sales Finance Company and Sales Finance Company Branch Office License Renewal and Reactivation (Repealed)

PURPOSE:

Rules 69V-70.050, 69V-70.055, and 69V-70.060, F.A.C., pertaining to the licensure and renewal process for sales finance companies are repealed. New rules pertaining to the licensure and renewal process for these persons are being proposed under Rule Chapter 69V-85, F.A.C. The new rules will reflect and implement the changes to The Installment Sales Finance Act (Part III, Chapter 520, Fla. Stat.) that are contained in Chapter 2006-213, Laws of Florida. The Financial Services Commission is consolidating its rules for clarity. Rules that are applicable to all of the various license types are being consolidated under the Rule Chapter 69V-85, F.A.C. Rules specific to individual license types will remain under the individual rule chapters.

SUMMARY:

Rules 69V-70.050, 69V-70.055, and 69V-70.060, F.A.C., pertaining to the licensure and renewal process for sales finance companies are repealed. New rules pertaining to the licensure and renewal process for these persons are being proposed under Rule Chapter 69V-85, F.A.C. The new rules will reflect and implement the changes to The Installment Sales Finance Act (Part III, Chapter 520, F.S.) that are contained in Chapter 2006-213, Laws of Florida. The Financial Services Commission is consolidating its rules for clarity. Rules that are applicable to all of the various license types are being consolidated under the Rule Chapter 69V-85, F.A.C. Rules specific to individual license types will remain under the individual rule chapters.

RULEMAKING AUTHORITY:

520.52, 520.994 FS.

LAW:

520.52, 520.994 FS.

PRINT PUBLISH DATE:

8/10/2007 Vol. 33/32

COMMENTS:

From 8/10/2007 To 8/31/2007 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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