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
-
CS/CS/HB 895, Committee Substitute 2 (Current Bill Version) Posted 3/30/2021 at 2:04 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1478 (c1) Consumer Finance Loans Gibson Similar Last Action: 4/30/2021 S Died in Commerce and Tourism 
Citations - Statutes (6)
Citation Catchline Location in Bill Location In Bill Help 516.03 Application for license; fees; etc. Page 2 (pdf) 516.031 Finance charge; maximum rates. Page 3 (pdf) 516.05 License. Page 4 (pdf) 516.07 Grounds for denial of license or for disciplinary action. Page 8 (pdf) 516.36 Installment requirement. Page 8 (pdf) 559.952 Financial Technology Sandbox. Page 9 (pdf) -
CS/HB 895, Committee Substitute 1 Posted 3/11/2021 at 2:24 PM
Bill Text: PDF Analyses: Commerce Committee (Post-Meeting) 3/30/2021 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1478 (c1) Consumer Finance Loans Gibson Similar Last Action: 4/30/2021 S Died in Commerce and Tourism
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 206187 - Amendment
Between lines 62 and 63, insert:Stevenson 3/26/2021
5:19 PMAdopted without Objection
3/29/2021PDF Citations - Statutes (6)
Citation Catchline Location in Bill Location In Bill Help 516.03 Application for license; fees; etc. Page 2 (pdf) 516.031 Finance charge; maximum rates. Page 3 (pdf) 516.05 License. Page 3 (pdf) 516.07 Grounds for denial of license or for disciplinary action. Page 6 (pdf) 516.36 Installment requirement. Page 6 (pdf) 559.952 Financial Technology Sandbox. Page 7 (pdf) -
HB 895, Original Filed Version Posted 2/10/2021 at 12:52 PM
Bill Text: PDF Analyses: Insurance and Banking Subcommittee (Post-Meeting) 3/11/2021 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1478 Consumer Finance Loans Gibson Identical Last Action: 4/30/2021 S Died in Commerce and Tourism
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 230225 - Strike All Amendment
Remove everything after the enacting clause and insert:Stevenson 3/9/2021
5:42 PMAdopted without Objection
3/10/2021PDF Citations - Statutes (2)
Citation Catchline Location in Bill Location In Bill Help 516.031 Finance charge; maximum rates. Page 1 (pdf) 516.36 Installment requirement. Page 1 (pdf)