CS/CS/HB 895: Consumer Finance Loans
GENERAL BILL by Commerce Committee ; Insurance and Banking Subcommittee ; Stevenson ; (CO-INTRODUCERS) Smith, D.
Consumer Finance Loans; Authorizes applicant for license to make & collect loans under Florida Consumer Finance Act to provide bond, certificate of deposit, or letter of credit in lieu of liquid assets; provides requirements for such bonds, certificates of deposit, & letters of credit; revises references to implementing regulations of federal Truth in Lending Act; prohibits person licensed to make & collect consumer finance loans from charging prepayment penalties for loans; amends grounds for denial of license or disciplinary action; provides requirements for loan terms; revises exceptions for licensee during Financial Technology Sandbox period.
Last Action: 4/30/2021 House - Died on Second Reading Calendar
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/10/2021 | House |
• Filed |
| 2/22/2021 | House |
• Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 3/2/2021 | House |
• 1st Reading (Original Filed Version) |
| 3/8/2021 | House |
• Added to Insurance & Banking Subcommittee agenda |
| 3/10/2021 | House |
• Favorable with CS by Insurance & Banking Subcommittee |
| 3/11/2021 | House |
• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1) |
| 3/15/2021 | House |
• Referred to Commerce Committee • Now in Commerce Committee |
| 3/25/2021 | House |
• Added to Commerce Committee agenda |
| 3/29/2021 | House |
• Favorable with CS by Commerce Committee |
| 3/30/2021 | House |
• Reported out of Commerce Committee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 2) |
| 4/1/2021 | House |
• Bill referred to House Calendar • Added to Second Reading Calendar |
| 4/30/2021 | House |
• Died on Second Reading Calendar |
