61G4-12.011: Definitions
PURPOSE AND EFFECT: The Board proposes the rule amendment to add additional definitions.
SUMMARY: The rule amendment is for the purpose of amending the definition of a credit report.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
SPECIFIC AUTHORITY: 489.103(5), 489.105(3), 489.108, 489.113(3) FS.
LAW IMPLEMENTED: 489.103(5), 489.105(3), 489.113(3), 489.115(6), 489.119(5) FS.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN FAW.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: G.W. Harrell, Executive Director, Construction Industry Licensing Board, 1940 North Monroe Street, Tallahassee, Florida 32399-0750
THE FULL TEXT OF THE PROPOSED RULE IS:
61G4-12.011 Definitions.
(1) through (10) No change.
(11) A “credit report from a nationally recognized credit agency that reflects the financial responsibility of the applicant, certificateholder or registrant”, shall for the purposes of Section 489.115(6), F.S., mean a credit report that provides a full, accurate, current, and complete consumer credit score derived from the Fair Isaac Corporation’s (FICO) scoring method and provided by at least two (2) credit bureaus.; information on the following items in a manner which allows the Board to determine the credit worthiness of the applicant:
(a) Payment history;
(b) Credit rating;
(c) Public filings in county, state and federal courts;
(d) Bankruptcies, business history, suits, liens and judgments, all on a nationwide basis;
(e) Location of business, number of years in business;
(f) Social security numbers, if available, of all corporate officers, owners and partners, and all federal employer identification numbers, if available, held by the applicant or any business entity that he currently qualifies or is applying to qualify; and
(g) UCC filings.
(12) through (14) No change.
Specific Authority 489.103(5), 489.105(3), 489.108, 489.113(3) FS. Law Implemented 489.103(5), 489.105(3), 489.113(3), 489.115(6), 489.119(5) FS. History–New 9-16-80, Formerly 21E-12.11, Amended 1-1-89, 4-18-89, 7-4-89, 4-22-90, 7-3-91, 12-21-92, Formerly 21E-12.011, Amended 11-4-93, 11-22-94, 10-10-95, 4-29-96, 9-18-96, 12-3-96, 11-25-97, 10-4-99,________.