CS/HB 1121: Financial Institutions
GENERAL BILL by Insurance and Banking Subcommittee ; Ingram
Financial Institutions; Authorizes Office Of Financial Regulation (OFR) to appoint provisional directors or executive officers; specifies which accounting principles must be followed by financial institutions; authorizes OFR to conduct additional examinations of financial institutions if warranted; revises criteria for approval of financial entity's plan of conversion; provides for transfer of assets from federally chartered or out-of-state chartered institution; revises provisions relating to banker's banks, etc.
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Bill History
Date Chamber Action 3/2/2011 House • Filed
3/8/2011 House • Introduced -HJ 97
3/10/2011 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Economic Affairs Committee -HJ 210
3/21/2011 House • On Committee agenda-- Insurance and Banking Subcommittee, 03/23/11, 1:00 pm, 404 HOB
3/23/2011 House • CS by Insurance and Banking Subcommittee; YEAS 10 NAYS 0 -HJ 342
3/28/2011 House • Pending review of CS under Rule 7.19(c)
• CS by Insurance and Banking Subcommittee read 1st time -HJ 334
3/29/2011 House • Now in Government Operations Appropriations Subcommittee -HJ 366
4/6/2011 House • On Committee agenda-- Government Operations Appropriations Subcommittee, 04/08/11, 8:45 am, 404 HOB
4/8/2011 House • Favorable by Government Operations Appropriations Subcommittee; YEAS 11 NAYS 0 -HJ 601
• Now in Economic Affairs Committee -HJ 601
• On Committee agenda-- Economic Affairs Committee, 04/12/11, 1:00 pm, Reed Hall
4/12/2011 House • Favorable by- Economic Affairs Committee; YEAS 16 NAYS 0 -HJ 619
4/13/2011 House • Placed on Calendar -HJ 619
4/27/2011 House • Placed on Special Order Calendar, 04/29/11
4/29/2011 House • Read 2nd time -HJ 945
• Read 3rd time -HJ 945
• CS passed; YEAS 114 NAYS 0 -HJ 945
4/29/2011 Senate • In Messages
5/2/2011 Senate • Received -SJ 714
• Referred to Banking and Insurance; Budget Subcommittee on General Government Appropriations; Budget; Rules -SJ 715
5/3/2011 Senate • Withdrawn from Banking and Insurance; Budget Subcommittee on General Government Appropriations; Budget; Rules -SJ 751
• Placed on Calendar, on 2nd reading
• Substituted for CS/SB 1332 -SJ 751
• Read 2nd time -SJ 752
• Read 3rd time -SJ 752
• CS passed; YEAS 39 NAYS 0 -SJ 752
5/3/2011 House • Ordered enrolled -HJ 1103
6/13/2011 • Signed by Officers and presented to Governor
6/21/2011 • Approved by Governor
6/23/2011 • Chapter No. 2011-194
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CS/HB 1121, Enrolled (Current Bill Version) Posted 5/4/2011 at 12:08 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1332 (c1) Financial Institutions Richter Similar Last Action: 5/3/2011 S Laid on Table, companion bill(s) passed, see CS/HB 1121 (Ch. 2011-194) -SJ 751
Location: Laid on Table
Citations - Statutes (45)
Citation Catchline Location in Bill Location In Bill Help 288.772 Definitions. Page 58 (pdf) 288.99 Certified Capital Company Act. Page 58 (pdf) 440.12 Time for commencement and limits on weekly rate of compensation. Page 60 (pdf) 440.20 Time for payment of compensation and medical bills; penalties for late payment. Page 61 (pdf) 445.051 Individual development accounts. Page 61 (pdf) 489.503 Exemptions. Page 62 (pdf) 501.005 Consumer report security freeze. Page 63 (pdf) 501.165 Automatic renewal of service contracts. Page 63 (pdf) 624.605 “Casualty insurance” defined. Page 64 (pdf) 626.321 Limited licenses. Page 65 (pdf) 626.730 Purpose of license. Page 65 (pdf) 626.9885 Financial institutions conducting insurance transactions. Page 66 (pdf) 655.005 Definitions. Page 3 (pdf) 655.013 Effect on existing financial institutions. Page 11 (pdf) 655.03855 Page 12 (pdf) 655.044 Accounting practices; bad debts ineligible to be carried as assets. Page 13 (pdf) 655.045 Examinations, reports, and internal audits; penalty. Page 13 (pdf) 655.41 Cross-industry conversions, mergers, consolidations, and acquisitions; definitions used in ss. 655.41-655.419. Page 17 (pdf) 655.411 Conversion of charter. Page 17 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 19 (pdf) 655.416 Book value of assets. Page 23 (pdf) 655.417 Effect of merger, consolidation, conversion, or acquisition. Page 24 (pdf) 655.418 Nonconforming activities; cessation. Page 26 (pdf) 655.4185 Emergency action. Page 27 (pdf) 655.419 Effect. Page 30 (pdf) 655.947 Debt cancellation products. Page 30 (pdf) 657.038 Loan powers. Page 31 (pdf) 657.042 Investment powers and limitations. Page 31 (pdf) 657.063 Involuntary liquidation. Page 33 (pdf) 657.064 Voluntary liquidation. Page 33 (pdf) 658.12 Definitions. Page 33 (pdf) 658.165 Banker’s banks; formation; applicability of financial institutions codes; exceptions. Page 35 (pdf) 658.20 Investigation by office. Page 37 (pdf) 658.28 Acquisition of control of a bank or trust company. Page 37 (pdf) 658.295 Interstate banking. Page 39 (pdf) 658.2953 Interstate branching. Page 39 (pdf) 658.296 Control of deposit-taking institutions. Page 48 (pdf) 658.36 Changes in capital. Page 48 (pdf) 658.41 Merger; resulting state or national bank. Page 50 (pdf) 658.48 Loans. Page 50 (pdf) 658.53 Borrowing; limits of indebtedness. Page 55 (pdf) 658.65 Remote financial service units. Page 56 (pdf) 658.67 Investment powers and limitations. Page 56 (pdf) 665.013 Applicability of chapter 658. Page 56 (pdf) 667.003 Applicability of chapter 658. Page 56 (pdf) -
CS/HB 1121, Committee Substitute 1 Posted 3/28/2011 at 12:25 PM
Bill Text: Web Page | PDF Analyses: Government Operations Appropriations Subcommittee (Post-Meeting) 4/8/2011 (pdf)
Economic Affairs Committee (Post-Meeting) 6/28/2011 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1332 (c1) Financial Institutions Richter Similar Last Action: 5/3/2011 S Laid on Table, companion bill(s) passed, see CS/HB 1121 (Ch. 2011-194) -SJ 751
Location: Laid on Table
Floor Votes (2)
Date Chamber Result 4/29/2011 6:42 PM House 114 Yeas - 0 Nays 5/3/2011 4:01 PM Senate 39 Yeas - 0 Nays Citations - Statutes (45)
Citation Catchline Location in Bill Location In Bill Help 288.772 Definitions. Page 58 (pdf) 288.99 Certified Capital Company Act. Page 58 (pdf) 440.12 Time for commencement and limits on weekly rate of compensation. Page 60 (pdf) 440.20 Time for payment of compensation and medical bills; penalties for late payment. Page 61 (pdf) 445.051 Individual development accounts. Page 61 (pdf) 489.503 Exemptions. Page 62 (pdf) 501.005 Consumer report security freeze. Page 63 (pdf) 501.165 Automatic renewal of service contracts. Page 63 (pdf) 624.605 “Casualty insurance” defined. Page 64 (pdf) 626.321 Limited licenses. Page 65 (pdf) 626.730 Purpose of license. Page 65 (pdf) 626.9885 Financial institutions conducting insurance transactions. Page 66 (pdf) 655.005 Definitions. Page 3 (pdf) 655.013 Effect on existing financial institutions. Page 11 (pdf) 655.03855 Page 12 (pdf) 655.044 Accounting practices; bad debts ineligible to be carried as assets. Page 13 (pdf) 655.045 Examinations, reports, and internal audits; penalty. Page 13 (pdf) 655.41 Cross-industry conversions, mergers, consolidations, and acquisitions; definitions used in ss. 655.41-655.419. Page 17 (pdf) 655.411 Conversion of charter. Page 17 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 19 (pdf) 655.416 Book value of assets. Page 23 (pdf) 655.417 Effect of merger, consolidation, conversion, or acquisition. Page 24 (pdf) 655.418 Nonconforming activities; cessation. Page 26 (pdf) 655.4185 Emergency action. Page 27 (pdf) 655.419 Effect. Page 30 (pdf) 655.947 Debt cancellation products. Page 30 (pdf) 657.038 Loan powers. Page 31 (pdf) 657.042 Investment powers and limitations. Page 31 (pdf) 657.063 Involuntary liquidation. Page 33 (pdf) 657.064 Voluntary liquidation. Page 33 (pdf) 658.12 Definitions. Page 33 (pdf) 658.165 Banker’s banks; formation; applicability of financial institutions codes; exceptions. Page 35 (pdf) 658.20 Investigation by office. Page 37 (pdf) 658.28 Acquisition of control of a bank or trust company. Page 37 (pdf) 658.295 Interstate banking. Page 39 (pdf) 658.2953 Interstate branching. Page 39 (pdf) 658.296 Control of deposit-taking institutions. Page 48 (pdf) 658.36 Changes in capital. Page 48 (pdf) 658.41 Merger; resulting state or national bank. Page 50 (pdf) 658.48 Loans. Page 50 (pdf) 658.53 Borrowing; limits of indebtedness. Page 55 (pdf) 658.65 Remote financial service units. Page 56 (pdf) 658.67 Investment powers and limitations. Page 56 (pdf) 665.013 Applicability of chapter 658. Page 56 (pdf) 667.003 Applicability of chapter 658. Page 56 (pdf) -
HB 1121, Original Filed Version Posted 3/2/2011 at 3:53 PM
Bill Text: Web Page | PDF Analyses: Insurance and Banking Subcommittee (Post-Meeting) 3/28/2011 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1332 (c1) Financial Institutions Richter Similar Last Action: 5/3/2011 S Laid on Table, companion bill(s) passed, see CS/HB 1121 (Ch. 2011-194) -SJ 751
Location: Laid on Table
Citations - Statutes (44)
Citation Catchline Location in Bill Location In Bill Help 288.772 Definitions. Page 55 (pdf) 288.99 Certified Capital Company Act. Page 55 (pdf) 440.12 Time for commencement and limits on weekly rate of compensation. Page 57 (pdf) 440.20 Time for payment of compensation and medical bills; penalties for late payment. Page 58 (pdf) 445.051 Individual development accounts. Page 58 (pdf) 489.503 Exemptions. Page 59 (pdf) 501.005 Consumer report security freeze. Page 59 (pdf) 501.165 Automatic renewal of service contracts. Page 60 (pdf) 624.605 “Casualty insurance” defined. Page 61 (pdf) 626.321 Limited licenses. Page 62 (pdf) 626.730 Purpose of license. Page 62 (pdf) 626.9885 Financial institutions conducting insurance transactions. Page 63 (pdf) 655.005 Definitions. Page 1 (pdf) 655.013 Effect on existing financial institutions. Page 11 (pdf) 655.03855 Page 11 (pdf) 655.044 Accounting practices; bad debts ineligible to be carried as assets. Page 13 (pdf) 655.045 Examinations, reports, and internal audits; penalty. Page 13 (pdf) 655.41 Cross-industry conversions, mergers, consolidations, and acquisitions; definitions used in ss. 655.41-655.419. Page 17 (pdf) 655.411 Conversion of charter. Page 17 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 19 (pdf) 655.416 Book value of assets. Page 23 (pdf) 655.417 Effect of merger, consolidation, conversion, or acquisition. Page 23 (pdf) 655.418 Nonconforming activities; cessation. Page 26 (pdf) 655.4185 Emergency action. Page 27 (pdf) 655.419 Effect. Page 29 (pdf) 655.947 Debt cancellation products. Page 30 (pdf) 657.038 Loan powers. Page 30 (pdf) 657.042 Investment powers and limitations. Page 31 (pdf) 657.063 Involuntary liquidation. Page 33 (pdf) 657.064 Voluntary liquidation. Page 33 (pdf) 658.12 Definitions. Page 33 (pdf) 658.20 Investigation by office. Page 34 (pdf) 658.28 Acquisition of control of a bank or trust company. Page 34 (pdf) 658.295 Interstate banking. Page 36 (pdf) 658.2953 Interstate branching. Page 36 (pdf) 658.296 Control of deposit-taking institutions. Page 45 (pdf) 658.36 Changes in capital. Page 45 (pdf) 658.41 Merger; resulting state or national bank. Page 47 (pdf) 658.48 Loans. Page 47 (pdf) 658.53 Borrowing; limits of indebtedness. Page 52 (pdf) 658.65 Remote financial service units. Page 53 (pdf) 658.67 Investment powers and limitations. Page 53 (pdf) 665.013 Applicability of chapter 658. Page 53 (pdf) 667.003 Applicability of chapter 658. Page 53 (pdf)