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CS/CS/HB 381: Financial Entities & Transactions

GENERAL BILL by Detert ; (CO-INTRODUCERS) Carroll ; Goldstein ; Meadows ; Needelman ; Porth ; Roberson, Y ; Seiler ; Smith ; Zapata

Financial Entities & Transactions; authorizes Financial Services Commission to require electronic submission of forms, documents, or fees; clarifies application of exemption from mortgage lender licensure requirements to certain entities; provides educational requirements for principal representatives; imposes attorney's fees & costs on lenders under certain circumstances; authorizes search of safe-deposit box co-leased by decedent, etc. Amends FS. APPROPRIATION: $1,487,459.

Effective Date: 10/01/2005
 Last Action: 5/6/2005 Senate - Died in Committee on Banking and Insurance
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    1/19/2005 House • Filed
    2/1/2005 House • Referred to Economic Development, Trade & Banking (CC); Finance & Tax (FC); State Administration Appropriations (FC); Commerce Council
    2/11/2005 House • On Committee agenda-- Economic Development, Trade & Banking (CC), 02/22/05, 9:00 am, 306-H
    2/22/2005 House • Favorable with CS amendment by Economic Development, Trade & Banking (CC); YEAS 12 NAYS 0 --Preliminary
    3/8/2005 House • Introduced, referred to Economic Development, Trade & Banking (CC); Finance & Tax (FC); State Administration Appropriations (FC); Commerce Council -HJ 00039; On Committee agenda-- Economic Development, Trade & Banking (CC), 02/22/05, 9:00 am, 306-H; Favorable with CS amendment by Economic Development, Trade & Banking (CC); YEAS 12 NAYS 0 -HJ 00226
    3/14/2005 House • Pending review of CS under Rule 6.3(b)
    3/16/2005 House • Now in Finance & Tax (FC) -HJ 00226
    3/25/2005 House • On Committee agenda-- Finance & Tax (FC), 03/29/05, 8:00 am, 404-H
    3/29/2005 House • Favorable by Finance & Tax (FC); YEAS 8 NAYS 0 -HJ 00296; Now in State Administration Appropriations (FC) -HJ 00296
    4/8/2005 House • On Committee agenda-- State Administration Appropriations (FC), 04/12/05, 4:00 pm, 12-H
    4/12/2005 House • Favorable with CS amendment by State Administration Appropriations (FC); YEAS 6 NAYS 1 -HJ 00561
    4/15/2005 House • Pending review of CS under Rule 6.3(b)
    4/16/2005 House • Now in Commerce Council -HJ 00561
    4/18/2005 House • On Council agenda-- Commerce Council, 04/20/05, 3:45 pm, 404-H
    4/20/2005 House • Favorable by- Commerce Council; YEAS 9 NAYS 0 -HJ 00670
    4/22/2005 House • Placed on Calendar -HJ 00670
    4/26/2005 House • Placed on Special Order Calendar
    4/28/2005 House • Placed on Special Order Calendar; Read second time -HJ 00988; Amendment(s) adopted -HJ 00991; Ordered engrossed -HJ 00991
    5/2/2005 House • Read third time -HJ 01130; Passed as amended; YEAS 111 NAYS 3 -HJ 01131
    5/2/2005 Senate • In Messages
    5/3/2005 Senate • Received, referred to Banking and Insurance; Judiciary; Governmental Oversight and Productivity -SJ 00890
    5/6/2005 Senate • Died in Committee on Banking and Insurance

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  • CS/CS/HB 381, Engrossed 1 (Current Bill Version) Posted 4/28/2005 at 10:36 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (4)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 627 Detert Linked Last Action: 5/5/2006 H Veto Message transmitted to Secretary of State
    Location:
    S 304 (c3) Financial Entities & Transactions Sebesta Similar Last Action: 5/6/2005 S Died on Calendar
    Location:
    H 427 Seiler Compare Last Action: 4/29/2005 H Placed on Special Order Calendar; Substituted CS/CS/SB 370; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 370 (Ch. 2005-241) -HJ 01080
    Location:
    S 698 (c2) Fla. Consumer Finance/Pub. Rec. Sebesta Compare Last Action: 5/4/2005 S Placed on Special Order Calendar -SJ 01074; Substituted HB 627 (Vetoed by Governor) -SJ 00941; Laid on Table
    Location:

    Floor Votes (1)

    Date Chamber Result
    5/2/2005 1:50 PM House 111 Yeas - 3 Nays

    Citations - Statutes (63)

    Citation Catchline Location in Bill Location In Bill Help
    494.0011 Powers and duties of the commission and office.
    494.0016 Books, accounts, and records; maintenance; examinations by the office.
    494.0029 Mortgage business schools.
    494.00295 Professional education.
    494.003 Exemptions.
    494.0031 Licensure as a mortgage brokerage business.
    494.0033 Mortgage broker's license.
    494.0034 Renewal of mortgage broker's license.
    494.0036 Mortgage brokerage business branch offices.
    494.004 Requirements of licensees.
    494.0041 Administrative penalties and fines; license violations.
    494.006 Exemptions.
    494.0061 Mortgage lender's license requirements.
    494.0062 Correspondent mortgage lender's license requirements.
    494.0064 Renewal of mortgage lender's license; branch office license renewal.
    494.0065 Saving clause.
    494.0066 Branch offices.
    494.0067 Requirements of licensees under ss. 494.006-494.0077.
    494.0072 Administrative penalties and fines; license violations.
    494.00721 Net worth.
    501.137 Mortgage lenders; tax and insurance payments from escrow accounts; duties.
    516.03 Application for license; fees; etc.
    516.031 Finance charge; maximum rates.
    516.05 License.
    516.07 Grounds for denial of license or for disciplinary action.
    516.12 Records to be kept by licensee.
    517.051 Exempt securities.
    517.061 Exempt transactions.
    517.081 Registration procedure.
    517.12 Registration of dealers, associated persons, investment advisers, and branch offices.
    517.131 Securities Guaranty Fund.
    517.141 Payment from the fund.
    517.161 Revocation, denial, or suspension of registration of dealer, investment adviser, associated person, or branch office.
    520.03 Licenses.
    520.32 Licenses.
    520.52 Licensees.
    520.63 Licensees.
    520.994 Powers of office.
    520.995 Grounds for disciplinary action.
    520.997 Books, accounts, and records.
    537.009 Recordkeeping; reporting; safekeeping of property.
    560.105 Supervisory powers; rulemaking.
    560.114 Disciplinary actions.
    560.118 Examinations, reports, and internal audits; penalty.
    560.121 Records; limited restrictions upon public access.
    560.126 Significant events; notice required.
    560.205 Qualifications of applicant for registration; contents.
    560.207 Renewal of registration; registration fee.
    560.210 Permissible investments.
    560.211 Records.
    560.305 Application.
    560.306 Standards.
    560.308 Registration terms; renewal; renewal fees.
    560.310 Records of check cashers and foreign currency exchangers.
    560.403 Requirements of registration; declaration of intent.
    655.935 Search procedure on death of lessee.
    655.936 Delivery of safe-deposit box contents or property held in safekeeping to personal representative.
    655.937 Access to safe-deposit boxes leased in two or more names.
    733.6065 Opening safe-deposit box.
    817.801 Definitions.
    817.802 Unlawful fees and costs.
    817.804 Requirements; disclosure and financial reporting.
    817.805 Disbursement of funds.

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  • CS/CS/HB 381, Committee Substitute 2 Posted 4/15/2005 at 5:50 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Floor Amendments (2)

    Amendment Sponsor Filed Last Floor Action Format
    953939 - Amendment
    		Berfield 4/25/2005
    6:03 PM     		Web Page
    PDF
    914599 - Amendment
    		Waters 4/26/2005
    9:40 AM     		Web Page
    PDF

    Citations - Statutes (63)

    Citation Catchline Location in Bill Location In Bill Help
    494.0011 Powers and duties of the commission and office.
    494.0016 Books, accounts, and records; maintenance; examinations by the office.
    494.0029 Mortgage business schools.
    494.00295 Professional education.
    494.003 Exemptions.
    494.0031 Licensure as a mortgage brokerage business.
    494.0033 Mortgage broker's license.
    494.0034 Renewal of mortgage broker's license.
    494.0036 Mortgage brokerage business branch offices.
    494.004 Requirements of licensees.
    494.0041 Administrative penalties and fines; license violations.
    494.006 Exemptions.
    494.0061 Mortgage lender's license requirements.
    494.0062 Correspondent mortgage lender's license requirements.
    494.0064 Renewal of mortgage lender's license; branch office license renewal.
    494.0065 Saving clause.
    494.0066 Branch offices.
    494.0067 Requirements of licensees under ss. 494.006-494.0077.
    494.0072 Administrative penalties and fines; license violations.
    494.00721 Net worth.
    501.137 Mortgage lenders; tax and insurance payments from escrow accounts; duties.
    516.03 Application for license; fees; etc.
    516.031 Finance charge; maximum rates.
    516.05 License.
    516.07 Grounds for denial of license or for disciplinary action.
    516.12 Records to be kept by licensee.
    517.051 Exempt securities.
    517.061 Exempt transactions.
    517.081 Registration procedure.
    517.12 Registration of dealers, associated persons, investment advisers, and branch offices.
    517.131 Securities Guaranty Fund.
    517.141 Payment from the fund.
    517.161 Revocation, denial, or suspension of registration of dealer, investment adviser, associated person, or branch office.
    520.03 Licenses.
    520.32 Licenses.
    520.52 Licensees.
    520.63 Licensees.
    520.994 Powers of office.
    520.995 Grounds for disciplinary action.
    520.997 Books, accounts, and records.
    537.009 Recordkeeping; reporting; safekeeping of property.
    560.105 Supervisory powers; rulemaking.
    560.114 Disciplinary actions.
    560.118 Examinations, reports, and internal audits; penalty.
    560.121 Records; limited restrictions upon public access.
    560.126 Significant events; notice required.
    560.205 Qualifications of applicant for registration; contents.
    560.207 Renewal of registration; registration fee.
    560.210 Permissible investments.
    560.211 Records.
    560.305 Application.
    560.306 Standards.
    560.308 Registration terms; renewal; renewal fees.
    560.310 Records of check cashers and foreign currency exchangers.
    560.403 Requirements of registration; declaration of intent.
    655.935 Search procedure on death of lessee.
    655.936 Delivery of safe-deposit box contents or property held in safekeeping to personal representative.
    655.937 Access to safe-deposit boxes leased in two or more names.
    733.6065 Opening safe-deposit box.
    817.801 Definitions.
    817.802 Unlawful fees and costs.
    817.804 Requirements; disclosure and financial reporting.
    817.805 Disbursement of funds.

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  • CS/HB 381, Committee Substitute 1 Posted 3/14/2005 at 11:34 AM

    Bill Text:   Web Page
    Analyses:   None

    Citations - Statutes (59)

    Citation Catchline Location in Bill Location In Bill Help
    494.0011 Powers and duties of the commission and office.
    494.0016 Books, accounts, and records; maintenance; examinations by the office.
    494.0029 Mortgage business schools.
    494.00295 Professional education.
    494.003 Exemptions.
    494.0031 Licensure as a mortgage brokerage business.
    494.0033 Mortgage broker's license.
    494.0034 Renewal of mortgage broker's license.
    494.0036 Mortgage brokerage business branch offices.
    494.004 Requirements of licensees.
    494.0041 Administrative penalties and fines; license violations.
    494.006 Exemptions.
    494.0061 Mortgage lender's license requirements.
    494.0062 Correspondent mortgage lender's license requirements.
    494.0064 Renewal of mortgage lender's license; branch office license renewal.
    494.0065 Saving clause.
    494.0066 Branch offices.
    494.0067 Requirements of licensees under ss. 494.006-494.0077.
    494.0072 Administrative penalties and fines; license violations.
    494.00721 Net worth.
    501.137 Mortgage lenders; tax and insurance payments from escrow accounts; duties.
    516.03 Application for license; fees; etc.
    516.031 Finance charge; maximum rates.
    516.05 License.
    516.07 Grounds for denial of license or for disciplinary action.
    516.12 Records to be kept by licensee.
    517.051 Exempt securities.
    517.061 Exempt transactions.
    517.081 Registration procedure.
    517.12 Registration of dealers, associated persons, investment advisers, and branch offices.
    517.131 Securities Guaranty Fund.
    517.141 Payment from the fund.
    517.161 Revocation, denial, or suspension of registration of dealer, investment adviser, associated person, or branch office.
    520.03 Licenses.
    520.32 Licenses.
    520.52 Licensees.
    520.63 Licensees.
    520.994 Powers of office.
    520.995 Grounds for disciplinary action.
    520.997 Books, accounts, and records.
    537.009 Recordkeeping; reporting; safekeeping of property.
    560.105 Supervisory powers; rulemaking.
    560.114 Disciplinary actions.
    560.118 Examinations, reports, and internal audits; penalty.
    560.121 Records; limited restrictions upon public access.
    560.126 Significant events; notice required.
    560.205 Qualifications of applicant for registration; contents.
    560.207 Renewal of registration; registration fee.
    560.210 Permissible investments.
    560.211 Records.
    560.305 Application.
    560.306 Standards.
    560.308 Registration terms; renewal; renewal fees.
    560.310 Records of check cashers and foreign currency exchangers.
    560.403 Requirements of registration; declaration of intent.
    655.935 Search procedure on death of lessee.
    655.936 Delivery of safe-deposit box contents or property held in safekeeping to personal representative.
    655.937 Access to safe-deposit boxes leased in two or more names.
    733.6065 Opening safe-deposit box.

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  • HB 381, Original Filed Version Posted 1/20/2005 at 9:31 AM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce Council (Post-Meeting) (pdf)
    Economic Development, Trade & Banking Committee (Post-Meeting) (pdf)
    Economic Development, Trade & Banking Committee (Post-Meeting) (pdf)
    Economic Development, Trade & Banking Committee (Post-Meeting) (pdf)
    Finance & Tax Committee (Post-Meeting) (pdf)
    Finance & Tax Committee (Post-Meeting) (pdf)
    State Administration Appropriations Committee (Post-Meeting) (pdf)
    State Administration Appropriations Committee (Post-Meeting) (pdf)

    Citations - Statutes (53)

    Citation Catchline Location in Bill Location In Bill Help
    494.0011 Powers and duties of the commission and office.
    494.0016 Books, accounts, and records; maintenance; examinations by the office.
    494.0029 Mortgage business schools.
    494.00295 Professional education.
    494.003 Exemptions.
    494.0031 Licensure as a mortgage brokerage business.
    494.0033 Mortgage broker's license.
    494.0034 Renewal of mortgage broker's license.
    494.0036 Mortgage brokerage business branch offices.
    494.004 Requirements of licensees.
    494.0041 Administrative penalties and fines; license violations.
    494.006 Exemptions.
    494.0061 Mortgage lender's license requirements.
    494.0062 Correspondent mortgage lender's license requirements.
    494.0064 Renewal of mortgage lender's license; branch office license renewal.
    494.0065 Saving clause.
    494.0066 Branch offices.
    494.0067 Requirements of licensees under ss. 494.006-494.0077.
    494.0072 Administrative penalties and fines; license violations.
    494.00721 Net worth.
    516.03 Application for license; fees; etc.
    516.05 License.
    516.07 Grounds for denial of license or for disciplinary action.
    516.12 Records to be kept by licensee.
    517.051 Exempt securities.
    517.061 Exempt transactions.
    517.081 Registration procedure.
    517.12 Registration of dealers, associated persons, investment advisers, and branch offices.
    517.131 Securities Guaranty Fund.
    517.141 Payment from the fund.
    517.161 Revocation, denial, or suspension of registration of dealer, investment adviser, associated person, or branch office.
    520.03 Licenses.
    520.32 Licenses.
    520.52 Licensees.
    520.63 Licensees.
    520.994 Powers of office.
    520.995 Grounds for disciplinary action.
    520.997 Books, accounts, and records.
    537.009 Recordkeeping; reporting; safekeeping of property.
    560.105 Supervisory powers; rulemaking.
    560.114 Disciplinary actions.
    560.118 Examinations, reports, and internal audits; penalty.
    560.121 Records; limited restrictions upon public access.
    560.126 Significant events; notice required.
    560.205 Qualifications of applicant for registration; contents.
    560.207 Renewal of registration; registration fee.
    560.210 Permissible investments.
    560.211 Records.
    560.305 Application.
    560.306 Standards.
    560.308 Registration terms; renewal; renewal fees.
    560.310 Records of check cashers and foreign currency exchangers.
    560.403 Requirements of registration; declaration of intent.

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