Florida Senate - 2016                        COMMITTEE AMENDMENT
       Bill No. SB 1266
       
       
       
       
       
       
                                Ì907086?Î907086                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/23/2016           .                                
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       The Committee on Commerce and Tourism (Bean) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 11 - 23
    4  and insert:
    5         (20) “Recovery agency” means a any person who, for
    6  consideration, advertises as providing or is engaged in the
    7  business of performing repossessions. The term does not include
    8  a person who does not directly perform repossessions and who,
    9  pursuant to a contract with a licensed bank, bank holding
   10  company, credit union, or small loan company, contracts with a
   11  licensed recovery agency for the performance of repossessions by
   12  such agency, if the person includes a disclaimer in all
   13  advertisements appearing in this state which discloses that the
   14  person does not directly perform any repossessions but contracts
   15  with licensed recovery agencies.
   16         Section 2. This act shall take effect upon becoming a law.
   17  
   18  ================= T I T L E  A M E N D M E N T ================
   19  And the title is amended as follows:
   20         Delete line 3
   21  and insert:
   22         493.6101, F.S.; revising the definition of the term
   23         “recovery agency”;