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CS/SB 514: Mortgage Brokering

GENERAL BILL by Banking and Insurance ; Boyd ; (CO-INTRODUCERS) Stewart

Mortgage Brokering; Authorizing the Financial Services Commission to adopt rules prescribing criteria and processes for determining whether an organization is a bona fide nonprofit organization for a specified purpose; providing exemptions from regulation under ch. 494, F.S., for bona fide nonprofit organizations and certain employees of a bona fide nonprofit organization that meet specified criteria; requiring the Office of Financial Regulation to make a specified determination, etc.

Effective Date: 7/1/2024
 Last Action: 3/4/2024 Senate - Laid on Table, refer to CS/HB 1569 -SJ 638
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Fiscal Policy (FP)
  3. Rules (RC)

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  • Bill History

    Date Chamber Action
    11/17/2023 Senate • Filed
    12/5/2023 Senate • Referred to Banking and Insurance; Fiscal Policy; Rules
    1/9/2024 Senate • Introduced
    1/11/2024 Senate • On Committee agenda-- Banking and Insurance, 01/16/24, 11:00 am, 412 Knott Building
    1/16/2024 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0
    1/18/2024 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Now in Fiscal Policy
    • CS by Banking and Insurance read 1st time
    1/26/2024 Senate • On Committee agenda-- Fiscal Policy, 01/31/24, 9:00 am, 110 Senate Building
    1/31/2024 Senate • Favorable by Fiscal Policy; YEAS 20 NAYS 0
    2/1/2024 Senate • Now in Rules
    2/9/2024 Senate • On Committee agenda-- Rules, 02/14/24, 9:00 am, 412 Knott Building
    2/14/2024 Senate • Favorable by- Rules; YEAS 16 NAYS 0
    • Placed on Calendar, on 2nd reading
    2/29/2024 Senate • Placed on Special Order Calendar, 03/04/24
    3/4/2024 Senate • Read 2nd time -SJ 637
    • Substituted CS/HB 1569 -SJ 638
    • Laid on Table, refer to CS/HB 1569 -SJ 638

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  • CS/SB 514, Committee Substitute 1 (Current Bill Version) Posted 1/18/2024 at 12:24 PM

    Bill Text:   Web Page | PDF
    Analyses:   Fiscal Policy (Pre-Meeting) 1/29/2024 (pdf)
    Fiscal Policy (Post-Meeting) 1/31/2024 (pdf)
    Rules (Pre-Meeting) 2/13/2024 (pdf)
    Rules (Post-Meeting) 2/14/2024 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1569 (er) Exemption from Regulation for Bona Fide Nonprofit Organizations Insurance & Banking Subcommittee Similar Last Action: 4/29/2024 Chapter No. 2024-134 Track This Bill

    Committee Votes (2)

    Date Committee Result
    1/31/2024 9:00 AM Fiscal Policy 20 Yeas - 0 Nays
    2/14/2024 9:00 AM Rules 16 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    494.0011 Powers and duties of the commission and office. Page 1 (pdf)
    494.00115 Exemptions. Page 2 (pdf)

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  • SB 514, Original Filed Version Posted 11/17/2023 at 12:00 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/12/2024 (pdf)
    Banking and Insurance (Post-Meeting) 1/18/2024 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1569 Exemption from Regulation for Bona Fide Nonprofit Organizations Insurance & Banking Subcommittee Similar Last Action: 4/29/2024 Chapter No. 2024-134 Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    260562 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Banking and Insurance
    (Boyd)     		1/16/2024
    7:29 AM     		Replaced by Committee Substitute
    1/18/2024     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/16/2024 11:00 AM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    494.00115 Exemptions. Page 1 (pdf)

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