Florida Senate - 2017                                    SB 1620
       
       
        
       By Senator Powell
       
       
       
       
       
       30-01297-17                                           20171620__
    1                        A bill to be entitled                      
    2         An act relating to deceptive and unfair trade
    3         practices; amending s. 501.212, F.S.; specifying that
    4         the Florida Deceptive and Unfair Trade Practices Act
    5         does not apply to credit unions regulated by the
    6         Office of Financial Regulation or federal agencies;
    7         providing an effective date.
    8          
    9  Be It Enacted by the Legislature of the State of Florida:
   10  
   11         Section 1. Subsection (4) of section 501.212, Florida
   12  Statutes, is amended to read:
   13         501.212 Application.—This part does not apply to:
   14         (4)(a) Any person or activity regulated under laws
   15  administered by:
   16         (a) the Office of Insurance Regulation of the Financial
   17  Services Commission;
   18         (b) Banks, credit unions, and savings and loan associations
   19  regulated by the Office of Financial Regulation of the Financial
   20  Services Commission;
   21         (c) Banks, credit unions, or savings and loan associations
   22  regulated by federal agencies; or
   23         (d) Any person or activity regulated under the laws
   24  administered by the former Department of Insurance which are now
   25  administered by the Department of Financial Services.
   26         Section 2. This act shall take effect July 1, 2017.