SB 1894: Office of Financial Regulation of the Financial Services Commission
GENERAL BILL by Hays
Office of Financial Regulation of the Financial Services Commission; Providing for the deposit of certain fees, charges, and fines relating to loan originators and mortgage brokers into the Professional Regulation Trust Fund of the Department of Business and Professional Regulation; providing for a type two transfer of the administration of ch. 494, F.S., relating to loan originators and mortgage brokers, from the Office of Financial Regulation of the Financial Services Commission to the Department of Business and Professional Regulation; deleting a prohibition against engaging in the business of making consumer finance loans unless the person is licensed and otherwise authorized to make such loans, etc.
Effective Date: 7/1/2012
Last Action: 1/17/2012 Senate - Withdrawn from further consideration -SJ 213
Bill Text: Web Page | PDF
Last Action: 1/17/2012 Senate - Withdrawn from further consideration -SJ 213
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/9/2012 | Senate |
• Filed |
| 1/17/2012 | Senate |
• Withdrawn from further consideration -SJ 213 |
Related Bills
No Related Bills AvailableCommittee Amendments
No Committee Amendments Available
Floor Amendments
No Floor Amendments Available
Bill Analyses
No Bill Analyses AvailableVote History - Committee
No Committee Vote History AvailableVote History - Floor
No Vote History AvailableCitations - Statutes (138)
| Citation | Catchline | Location in Bill Location In Bill Help |
|---|---|---|
| 17.20 | Assignment of claims for collection. | Page 139 (pdf) |
| 20.165 | Department of Business and Professional Regulation. | Page 140 (pdf) |
| 28.246 | Payment of court-related fees, charges, and costs; partial payments; distribution of funds. | Page 141 (pdf) |
| 205.1971 | Sellers of travel; consumer protection. | Page 142 (pdf) |
| 215.37 | Department of Business and Professional Regulation and the boards to be financed from fees collected; deposit of funds; service charge; appropriation. | Page 7 (pdf) |
| 402.33 | Department authority to charge fees for services provided. | Page 142 (pdf) |
| 494.001 | Definitions. | Page 9 (pdf) |
| 494.0011 | Powers and duties of the commission and office. | Page 18 (pdf) |
| 494.0012 | Investigations; complaints; examinations. | Page 20 (pdf) |
| 494.00125 | Public records exemptions. | Page 21 (pdf) |
| 494.0013 | Injunction to restrain violations. | Page 24 (pdf) |
| 494.00135 | Subpoenas. | Page 26 (pdf) |
| 494.0014 | Cease and desist orders; refund orders. | Page 28 (pdf) |
| 494.0016 | Books, accounts, and records; maintenance; examinations by the office. | Page 28 (pdf) |
| 494.00165 | Prohibited advertising; record requirements. | Page 29 (pdf) |
| 494.00172 | Mortgage Guaranty Trust Fund; payment of fees and claims. | Page 29 (pdf) |
| 494.00173 | Mortgage Guaranty Trust Fund; creation. | Page 33 (pdf) |
| 494.0023 | Conflicting interest. | Page 33 (pdf) |
| 494.0025 | Prohibited practices. | Page 33 (pdf) |
| 494.00255 | Administrative penalties and fines; license violations. | Page 34 (pdf) |
| 494.0028 | Arbitration. | Page 36 (pdf) |
| 494.00296 | Loan modification. | Page 36 (pdf) |
| 494.00312 | Loan originator license. | Page 37 (pdf) |
| 494.00313 | Loan originator license renewal. | Page 42 (pdf) |
| 494.00321 | Mortgage broker license. | Page 43 (pdf) |
| 494.00322 | Mortgage broker license renewal. | Page 47 (pdf) |
| 494.00331 | Loan originator and loan processor employment. | Page 48 (pdf) |
| 494.0035 | Principal loan originator and branch manager for mortgage broker. | Page 49 (pdf) |
| 494.0036 | Mortgage broker branch office license. | Page 50 (pdf) |
| 494.0038 | Loan origination and mortgage broker fees and disclosures. | Page 51 (pdf) |
| 494.004 | Requirements of licensees. | Page 52 (pdf) |
| 494.00421 | Fees earned upon obtaining a bona fide commitment. | Page 53 (pdf) |
| 494.00611 | Mortgage lender license. | Page 54 (pdf) |
| 494.00612 | Mortgage lender license renewal. | Page 60 (pdf) |
| 494.0063 | Audited financial statements. | Page 61 (pdf) |
| 494.0066 | Branch offices. | Page 62 (pdf) |
| 494.00665 | Principal loan originator and branch manager for mortgage lender. | Page 63 (pdf) |
| 494.0067 | Requirements of mortgage lenders. | Page 64 (pdf) |
| 494.0069 | Lock-in agreement. | Page 66 (pdf) |
| 494.00721 | Net worth. | Page 66 (pdf) |
| 494.0076 | Servicing audits. | Page 66 (pdf) |
| 494.0079 | Definitions. | Page 67 (pdf) |
| 494.00795 | Powers and duties of the commission and office; investigations; examinations; injunctions; orders. | Page 68 (pdf) |
| 494.00797 | General rule. | Page 69 (pdf) |
| 501.604 | Exemptions. | Page 143 (pdf) |
| 501.976 | Actionable, unfair, or deceptive acts or practices. | Page 143 (pdf) |
| 516.01 | Definitions. | Page 71 (pdf) |
| 516.02 | Loans; lines of credit; rate of interest; license. | Page 72 (pdf) |
| 516.03 | Application for license; fees; etc. | Page 73 (pdf) |
| 516.031 | Finance charge; maximum rates. | Page 73 (pdf) |
| 516.035 | Rate of interest upon default. | Page 78 (pdf) |
| 516.05 | License. | Page 78 (pdf) |
| 516.07 | Grounds for denial of license or for disciplinary action. | Page 78 (pdf) |
| 516.11 | Investigations and complaints. | Page 78 (pdf) |
| 516.12 | Records to be kept by licensee. | Page 78 (pdf) |
| 516.15 | Duties of licensee. | Page 78 (pdf) |
| 516.16 | Confession of judgment; power of attorney; contents of notes and security. | Page 79 (pdf) |
| 516.19 | Penalties. | Page 80 (pdf) |
| 516.21 | Restriction of borrower’s indebtedness. | Page 80 (pdf) |
| 516.22 | Rules; certified copies. | Page 81 (pdf) |
| 516.221 | Liability when acting upon order, declaratory statement, or rule. | Page 81 (pdf) |
| 516.23 | Subpoenas; enforcement actions; rules. | Page 81 (pdf) |
| 516.27 | Preexisting contracts. | Page 81 (pdf) |
| 516.31 | Consumer protection; certain negotiable instruments restricted; assigns subject to defenses; limitation on deficiency claims; cross collateral. | Page 81 (pdf) |
| 516.32 | Consumer credit counseling. | Page 82 (pdf) |
| 516.38 | Page 82 (pdf) | |
| 520.02 | Definitions. | Page 83 (pdf) |
| 520.03 | Licenses. | Page 87 (pdf) |
| 520.12 | Penalties. | Page 87 (pdf) |
| 520.13 | Waiver. | Page 143 (pdf) |
| 520.31 | Definitions. | Page 88 (pdf) |
| 520.32 | Licenses. | Page 92 (pdf) |
| 520.34 | Retail installment contracts. | Page 92 (pdf) |
| 520.39 | Penalties. | Page 96 (pdf) |
| 520.41 | Prior contracts not affected. | Page 97 (pdf) |
| 520.52 | Licensees. | Page 97 (pdf) |
| 520.57 | Penalties. | Page 97 (pdf) |
| 520.61 | Definitions. | Page 98 (pdf) |
| 520.63 | Licensees. | Page 102 (pdf) |
| 520.68 | Persons not required to be licensed. | Page 102 (pdf) |
| 520.69 | Scope of license authority; scope of provisions. | Page 102 (pdf) |
| 520.76 | Insurance provisions, procurement, rates. | Page 102 (pdf) |
| 520.81 | Completion certificate. | Page 103 (pdf) |
| 520.98 | Penalties. | Page 103 (pdf) |
| 520.993 | Definitions. | Page 104 (pdf) |
| 520.994 | Powers of office. | Page 104 (pdf) |
| 520.995 | Grounds for disciplinary action. | Page 104 (pdf) |
| 520.996 | Investigations and complaints. | Page 104 (pdf) |
| 520.9965 | Confidentiality of information relating to investigations and examinations. | Page 104 (pdf) |
| 520.997 | Books, accounts, and records. | Page 104 (pdf) |
| 520.998 | Regulatory Trust Fund. | Page 104 (pdf) |
| 520.999 | Requirements of licensees. | Page 104 (pdf) |
| 537.001 | Short title. | Page 104 (pdf) |
| 537.002 | Legislative intent. | Page 105 (pdf) |
| 537.003 | Definitions. | Page 105 (pdf) |
| 537.004 | License required; license fees. | Page 107 (pdf) |
| 537.005 | Application for license. | Page 108 (pdf) |
| 537.006 | Denial, suspension, or revocation of license. | Page 111 (pdf) |
| 537.008 | Title loan agreement. | Page 114 (pdf) |
| 537.009 | Recordkeeping; reporting; safekeeping of property. | Page 117 (pdf) |
| 537.011 | Title loan charges. | Page 119 (pdf) |
| 537.012 | Repossession, disposal of pledged property; excess proceeds. | Page 120 (pdf) |
| 537.013 | Prohibited acts. | Page 121 (pdf) |
| 537.015 | Criminal penalties. | Page 123 (pdf) |
| 537.016 | Subpoenas; enforcement actions; rules. | Page 124 (pdf) |
| 537.017 | Investigations and complaints. | Page 125 (pdf) |
| 559.541 | Short title. | Page 126 (pdf) |
| 559.542 | Legislative intent. | Page 126 (pdf) |
| 559.543 | Definitions. | Page 126 (pdf) |
| 559.544 | Registration required; exemptions. | Page 126 (pdf) |
| 559.545 | Registration of commercial collection agencies; procedure. | Page 126 (pdf) |
| 559.546 | Bond; evidence of current and valid bond. | Page 126 (pdf) |
| 559.547 | Void registration. | Page 126 (pdf) |
| 559.548 | Penalties. | Page 126 (pdf) |
| 559.55 | Definitions. | Page 127 (pdf) |
| 559.553 | Registration of consumer collection agencies required; exemptions. | Page 130 (pdf) |
| 559.555 | Registration of consumer collection agencies; procedure. | Page 131 (pdf) |
| 559.5556 | Maintenance of records. | Page 132 (pdf) |
| 559.563 | Void registration. | Page 133 (pdf) |
| 559.565 | Enforcement action against out-of-state consumer debt collector. | Page 133 (pdf) |
| 559.725 | Consumer complaints; administrative duties. | Page 134 (pdf) |
| 559.726 | Subpoenas. | Page 135 (pdf) |
| 559.727 | Cease and desist orders. | Page 136 (pdf) |
| 559.730 | Administrative remedies. | Page 137 (pdf) |
| 559.785 | Criminal penalty. | Page 137 (pdf) |
| 560.309 | Conduct of business. | Page 144 (pdf) |
| 560.406 | Worthless checks. | Page 144 (pdf) |
| 634.271 | Civil remedy. | Page 145 (pdf) |
| 681.102 | Definitions. | Page 146 (pdf) |
| 687.12 | Interest rates; parity among licensed lenders or creditors. | Page 146 (pdf) |
| 687.14 | Definitions. | Page 138 (pdf) |
| 687.144 | Investigations; examinations; subpoenas; hearings; witnesses. | Page 139 (pdf) |
| 687.145 | Injunction to restrain violations. | Page 139 (pdf) |
| 687.148 | Duties and powers of the commission and office. | Page 139 (pdf) |
| 697.05 | Balloon mortgages; scope of law; definition; requirements as to contents; penalties for violations; exemptions. | Page 147 (pdf) |
| 721.11 | Advertising materials; oral statements. | Page 148 (pdf) |
| 832.10 | Alternative to bad check diversion program; fees for collection. | Page 148 (pdf) |
| 938.35 | Collection of court-related financial obligations. | Page 149 (pdf) |
Citations - Constitution (0)
No Constitutional citations.
Citations - Chapter Law (0)
No Chapter Law citations.
Identical bill
Companion bills that are identical word-for-word, not including titles. However, Resolutions and Concurrent Resolutions are considered identical if the only difference is the word "House" or "Senate."
Similar bill
Companion bills that are substantially similar in text or have substantial portions of text that are largely the same.
Compare bill
Bills that have selected provisions that are similar in text.
Linked bill
A bill that is contingent upon passage of another bill within the same chamber, e.g., a trust fund bill, a bill providing a public record exemption, or an implementing bill.
The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.