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CS/CS/CS/CS/SB 260: Financial Transactions

GENERAL BILL by Banking and Insurance ; Rules ; Judiciary ; Banking and Insurance ; Smith ; (CO-INTRODUCERS) Richter

Financial Transactions; Providing that a convenience fee imposed upon a student or family paying certain fees by credit card to a private school is not considered a surcharge; providing that ch. 670, F.S., governs certain funds transfers that are remittance transfers; reducing the time limit for a mortgagee or an assignee to cancel a mortgage, except in cases where the loan is an open-end mortgage; providing that a requirement that certain mortgages be cancelled within a specified timeframe does not apply to an open-ended mortgage existing before a certain date if the loan agreement contained procedures for cancelling the mortgage, etc.

Effective Date: 7/1/2016
 Last Action: 2/24/2016 Senate - Laid on Table, companion bill(s) passed, see CS/CS/HB 145 (Ch. 2016-53) -SJ 491
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Rules (RC)
  4. Banking and Insurance (BI)

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  • Bill History

    Date Chamber Action
    9/11/2015 Senate • Filed
    9/17/2015 Senate • Referred to Banking and Insurance; Judiciary; Rules -SJ 22
    1/4/2016 Senate • On Committee agenda-- Banking and Insurance, 01/11/16, 4:00 pm, 110 Senate Office Building
    1/11/2016 Senate • CS by Banking and Insurance; YEAS 8 NAYS 0 -SJ 180
    1/12/2016 Senate • Introduced -SJ 22
    1/13/2016 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Now in Judiciary -SJ 180
    • CS by Banking and Insurance read 1st time -SJ 180
    1/15/2016 Senate • On Committee agenda-- Judiciary, 01/20/16, 10:00 am, 110 Senate Office Building
    1/20/2016 Senate • CS/CS by Judiciary; YEAS 10 NAYS 0 -SJ 239
    1/21/2016 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Now in Rules -SJ 239
    • CS/CS by Judiciary read 1st time -SJ 240
    1/22/2016 Senate • On Committee agenda-- Rules, 01/27/16, 1:00 pm, 110 Senate Office Building
    1/27/2016 Senate • CS/CS/CS by- Rules; YEAS 10 NAYS 0 -SJ 291
    1/29/2016 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • Remaining references corrected to Banking and Insurance -SJ 301
    • Now in Banking and Insurance -SJ 291
    2/2/2016 Senate • CS/CS/CS by Rules read 1st time -SJ 297
    2/4/2016 Senate • On Committee agenda-- Banking and Insurance, 02/09/16, 10:00 am, 110 Senate Office Building
    2/9/2016 Senate • CS/CS/CS/CS by- Banking and Insurance; YEAS 10 NAYS 0 -SJ 345
    2/10/2016 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • Placed on Calendar, on 2nd reading -SJ 345
    • CS/CS/CS/CS by Banking and Insurance read 1st time -SJ 345
    2/18/2016 Senate • Placed on Special Order Calendar, 02/24/16
    2/24/2016 Senate • Read 2nd time -SJ 491
    • Substituted CS/CS/HB 145 -SJ 491
    • Laid on Table, companion bill(s) passed, see CS/CS/HB 145 (Ch. 2016-53) -SJ 491

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  • CS/CS/CS/CS/SB 260, Committee Substitute 4 (Current Bill Version) Posted 2/10/2016 at 3:14 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 145 (er) Financial Transactions McGhee Similar Last Action: 3/10/2016 Chapter No. 2016-53
    Location: Became Law     		Track This Bill

    Citations - Statutes (4)

    Citation Catchline Location in Bill Location In Bill Help
    501.0117 Credit cards; transactions in which seller or lessor prohibited from imposing surcharge; penalty. Page 2 (pdf)
    516.07 Grounds for denial of license or for disciplinary action. Page 2 (pdf)
    670.108 Exclusion of consumer transactions governed by federal law. Page 3 (pdf)
    701.03 Cancellation. Page 3 (pdf)

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  • CS/CS/CS/SB 260, Committee Substitute 3 Posted 1/29/2016 at 2:05 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 145 (e1) Financial Transactions McGhee Similar Last Action: 3/10/2016 Chapter No. 2016-53
    Location: Became Law     		Track This Bill

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    825714 - Amendment
    Delete lines 71 - 85.     		Banking and Insurance
    (Smith)     		2/8/2016
    9:44 AM     		Replaced by Committee Substitute
    2/9/2016     		Web Page
    PDF
    121654 - Title Amendment
    In title, delete lines 24 - 27 and insert:     		Banking and Insurance
    (Smith)     		2/8/2016
    9:44 AM     		Replaced by Committee Substitute
    2/9/2016     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/9/2016 10:00 AM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    501.0117 Credit cards; transactions in which seller or lessor prohibited from imposing surcharge; penalty. Page 2 (pdf)
    516.07 Grounds for denial of license or for disciplinary action. Page 3 (pdf)
    560.310 Records of check cashers and foreign currency exchangers. Page 3 (pdf)
    670.108 Exclusion of consumer transactions governed by federal law. Page 3 (pdf)
    701.03 Cancellation. Page 4 (pdf)

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  • CS/CS/SB 260, Committee Substitute 2 Posted 1/21/2016 at 12:38 PM

    Bill Text:   Web Page | PDF
    Analyses:   Rules (Pre-Meeting) 1/26/2016 (pdf)
    Rules (Post-Meeting) 1/29/2016 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 145 (e1) Financial Transactions McGhee Similar Last Action: 3/10/2016 Chapter No. 2016-53
    Location: Became Law     		Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    916196 - Amendment
    Between lines 52 and 53 insert:     		Rules
    (Joyner)     		1/27/2016
    1:04 PM
    (Late Filed)     		Replaced by Committee Substitute
    1/27/2016     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/27/2016 1:00 PM Rules 10 Yeas - 0 Nays

    Citations - Statutes (4)

    Citation Catchline Location in Bill Location In Bill Help
    501.0117 Credit cards; transactions in which seller or lessor prohibited from imposing surcharge; penalty. Page 1 (pdf)
    516.07 Grounds for denial of license or for disciplinary action. Page 3 (pdf)
    670.108 Exclusion of consumer transactions governed by federal law. Page 2 (pdf)
    701.03 Cancellation. Page 3 (pdf)

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  • CS/SB 260, Committee Substitute 1 Posted 1/13/2016 at 1:53 PM

    Bill Text:   Web Page | PDF
    Analyses:   Judiciary (Pre-Meeting) 1/19/2016 (pdf)
    Judiciary (Post-Meeting) 1/21/2016 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 145 (c2) Financial Transactions McGhee Similar Last Action: 3/10/2016 Chapter No. 2016-53
    Location: Became Law     		Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    971492 - Amendment
    Delete lines 24 - 54 and insert:     		Judiciary
    (Ring)     		1/19/2016
    7:09 PM     		Replaced by Committee Substitute
    1/20/2016     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/20/2016 10:00 AM Judiciary 10 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    516.07 Grounds for denial of license or for disciplinary action. Page 2 (pdf)
    670.108 Exclusion of consumer transactions governed by federal law. Page 1 (pdf)
    701.03 Cancellation. Page 2 (pdf)

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  • SB 260, Original Filed Version Posted 9/11/2015 at 11:35 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 2/8/2016 (pdf)
    Banking and Insurance (Post-Meeting) 2/10/2016 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 145 (c1) Financial Transactions McGhee Similar Last Action: 3/10/2016 Chapter No. 2016-53
    Location: Became Law     		Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    878296 - Amendment
    Delete lines 37 - 46 and insert:     		Banking and Insurance
    (Smith)     		1/8/2016
    10:34 AM     		Replaced by Committee Substitute
    1/11/2016     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/11/2016 4:00 PM Banking and Insurance 8 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    670.108 Exclusion of consumer transactions governed by federal law. Page 1 (pdf)
    701.03 Cancellation. Page 2 (pdf)

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