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Last Action: 1/17/2012 Senate - Withdrawn from further consideration -SJ 213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Last Action: 1/17/2012 Senate - Withdrawn from further consideration -SJ 213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1/17/2012 Senate • Withdrawn from further consideration -SJ 213
-
SB 1894, Original Filed Version (Current Bill Version) Posted 1/9/2012 at 12:33 PM
Bill Text: Web Page | PDF Analyses: None Citations - 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)