Florida Senate - 2024                        COMMITTEE AMENDMENT
       Bill No. SB 1436
       
       
       
       
       
       
                                Ì402814ÇÎ402814                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/13/2024           .                                
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       The Appropriations Committee on Agriculture, Environment, and
       General Government (Burton) recommended the following:
       
    1         Senate Amendment (with directory and title amendments)
    2  
    3         Between lines 233 and 234
    4  insert:
    5         (6) Offer the borrower at the time a loan is made a credit
    6  education program or seminar provided by the licensee or a
    7  third-party provider, either in writing or electronically. The
    8  credit education program or seminar may address, but need not be
    9  limited to, any of the following topics:
   10         (a) The importance and methodology of establishing a
   11  household budget.
   12         (b) The impact, value of, and ways to improve a credit
   13  score.
   14         (c) The importance and methodology of establishing
   15  household savings.
   16         (d) Ways to obtain a free copy of a credit report.
   17         (e) Ways to dispute an error in a credit report.
   18         (f) Ways to manage and prevent identity theft.
   19  
   20  A credit education program or seminar offered under this
   21  subsection must be offered at no cost to the borrower. A
   22  licensee may not require a borrower to participate in a credit
   23  education program or seminar as a condition of receiving a loan.
   24  
   25  ====== D I R E C T O R Y  C L A U S E  A M E N D M E N T ======
   26  And the directory clause is amended as follows:
   27         Delete line 210
   28  and insert:
   29         Section 5. Subsections (5) and (6) are added to section
   30  516.15,
   31  
   32  ================= T I T L E  A M E N D M E N T ================
   33  And the title is amended as follows:
   34         Delete line 18
   35  and insert:
   36         timeframe; providing construction; requiring licensees
   37         to offer borrowers a certain education program or
   38         seminar; specifying the topics that such program or
   39         seminar may address; requiring that such program or
   40         seminar be offered at no cost to borrowers;
   41         prohibiting licensees from requiring borrowers to
   42         participate in such education program or seminar as a
   43         condition of a loan; creating s. 516.38,