SB 546: Consumer Finance Loans
GENERAL BILL by Gruters
Consumer Finance Loans; Authorizing an applicant for a license to make and collect loans under the Florida Consumer Finance Act to provide certain documents in lieu of evidence of liquid assets; prohibiting a person licensed to make and collect consumer finance loans from charging prepayment penalties for loans; authorizing a licensee or an applicant for a license to make and collect consumer finance loans to provide a surety bond, certificate of deposit, or letter of credit in lieu of evidence of liquid assets; modifying grounds for denial of license or disciplinary action for certain violations of the Florida Consumer Finance Act, etc.
Senate Committee References:
- Banking and Insurance (BI)
- Commerce and Tourism (CM)
- Rules (RC)
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Bill History
Date Chamber Action 10/19/2021 Senate • Filed
11/3/2021 Senate • Referred to Banking and Insurance; Commerce and Tourism; Rules -SJ 33
11/22/2021 Senate • On Committee agenda-- Banking and Insurance, 12/01/21, 8:30 am, 412 Knott Building
12/1/2021 Senate • Favorable by Banking and Insurance; YEAS 11 NAYS 0 -SJ 94
• Now in Commerce and Tourism
1/3/2022 Senate • On Committee agenda-- Commerce and Tourism, 01/10/22, 4:00 pm, 110 Senate Building
1/10/2022 Senate • Favorable by Commerce and Tourism; YEAS 10 NAYS 0 -SJ 95
1/11/2022 Senate • Now in Rules
• Introduced -SJ 33
1/14/2022 Senate • On Committee agenda-- Rules, 01/20/22, 9:30 am, 412 Knott Building
1/20/2022 Senate • Favorable by- Rules; YEAS 16 NAYS 0 -SJ 215
• Placed on Calendar, on 2nd reading
1/24/2022 Senate • Placed on Special Order Calendar, 01/27/22 -SJ 236
1/27/2022 Senate • Read 2nd time -SJ 228
• Read 3rd time -SJ 228
• Passed; YEAS 36 NAYS 0 -SJ 228, 229
• Immediately certified -SJ 236
1/27/2022 House • In Messages
2/28/2022 House • Bill referred to House Calendar
• Bill added to Special Order Calendar (3/3/2022)
• 1st Reading (Original Filed Version)
3/3/2022 House • Substituted for CS/HB 123
• Read 2nd time
• Amendment 856305 adopted
• Placed on 3rd reading
• Added to Third Reading Calendar
3/4/2022 House • Read 3rd time
• Passed as amended; YEAS 113, NAYS 0
3/4/2022 Senate • In returning messages
3/8/2022 Senate • Concurred in 1 amendment(s) (856305) -SJ 730
• Passed as amended; YEAS 39 NAYS 0 -SJ 730
• Ordered engrossed, then enrolled -SJ 730
5/20/2022 • Signed by Officers and presented to Governor
• Approved by Governor
5/23/2022 • Chapter No. 2022-130
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SB 546, Enrolled (Current Bill Version) Posted 3/8/2022 at 7:20 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 123 (c1) Consumer Finance Loans Insurance and Banking Subcommittee Similar Last Action: 3/3/2022 H Laid on Table; companion bill(s) passed, see SB 546 (Ch. 2022-130) 
Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 516.03 Application for license; fees; etc. Page 1 (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 5 (pdf) 559.952 Financial Technology Sandbox. Page 6 (pdf) -
SB 546, Engrossed 1 Posted 3/8/2022 at 6:40 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 123 (c1) Consumer Finance Loans Insurance and Banking Subcommittee Similar Last Action: 3/3/2022 H Laid on Table; companion bill(s) passed, see SB 546 (Ch. 2022-130)
Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 516.03 Application for license; fees; etc. Page 1 (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 5 (pdf) 559.952 Financial Technology Sandbox. Page 6 (pdf) -
SB 546, Original Filed Version Posted 10/19/2021 at 9:39 AM
Bill Text: Web Page | PDF Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 123 (c1) Consumer Finance Loans Insurance and Banking Subcommittee Similar Last Action: 3/3/2022 H Laid on Table; companion bill(s) passed, see SB 546 (Ch. 2022-130)
Floor Amendments (1)
Amendment Sponsor Filed Last Floor Action Format 856305 - Amendment
Remove lines 72-132 and insert:Stevenson 2/25/2022
11:44 AMSenate: Concurred
3/8/2022PDF Committee Votes (3)
Date Committee Result 12/1/2021 8:30 AM Banking and Insurance 11 Yeas - 0 Nays 1/10/2022 4:00 PM Commerce and Tourism 10 Yeas - 0 Nays 1/20/2022 9:30 AM Rules 16 Yeas - 0 Nays Floor Votes (3)
Date Chamber Result 1/27/2022 2:59 PM Senate 36 Yeas - 0 Nays 3/4/2022 2:46 PM House 113 Yeas - 0 Nays 3/8/2022 12:19 PM Senate 39 Yeas - 0 Nays Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 516.03 Application for license; fees; etc. Page 1 (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 5 (pdf) 559.952 Financial Technology Sandbox. Page 6 (pdf)