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Division of Finance

Notice of Proposed Rulemaking

 

REGULATION OF MORTGAGE BROKERS
CHAPTER 69V-40, FAC

Chapter 2006-213, Laws of Florida, contains amendments to chapter 494, Florida Statutes, relating to mortgage brokering and mortgage lending. The proposed rules implement and reflect the statutory changes, which pertain to the licensing and regulation of mortgage brokers, mortgage broker businesses, and mortgage lenders.

Click here for a copy of the Proposed Rule

Contact Information:

Greg Oaks, Bureau Chief

200 E. Gaines Street

6th Floor, The Fletcher Building

Tallahassee, FL 32399-0375

850-410-9805


MOTOR VEHICLE RETAIL INSTALLMENT SELLERS - CHAPTER 69V-50, FAC

PURPOSE AND EFFECT: Rules 69V-50.055, 69V-50.058, and 69V-50.070, F.A.C., pertaining to the licensure and renewal process for motor vehicle retail installment sellers are repealed. New rules pertaining to the licensure and renewal process for these persons are being proposed under Rule Chapter 69V-85, F.A.C. The new rules will reflect and implement the changes to The Motor Vehicle Retail Sales Finance Act (Part I, Chapter 520, Fla. Stat.) that are contained in Chapter 2006-213, Laws of Florida.

 

Click here for a copy of the Proposed Rule

Contact Information:

Greg Oaks, Bureau Chief

200 E. Gaines Street

6th Floor, The Fletcher Building

Tallahassee, FL 32399-0375

850-410-9805


 

RETAIL INSTALLMENT SELLER LICENSE: CHAPTER 69V-60, FAC

 

PURPOSE AND EFFECT: Rules 69V-60.060, 69V-60.065, and 69V-60.070, F.A.C., pertaining to the licensure and renewal process for retail installment sellers are repealed. New rules pertaining to the licensure and renewal process for these persons are being proposed under Rule Chapter 69V-85, F.A.C. The new rules will reflect and implement the changes to The Retail Installment Sales Finance Act (Part II, Chapter 520, Fla. Stat.) that are contained in Chapter 2006-213, Laws of Florida.
 

Click here for a copy of the Proposed Rule

Contact Information:

Greg Oaks, Bureau Chief

200 E. Gaines Street

6th Floor, The Fletcher Building

Tallahassee, FL 32399-0375

850-410-9805

 


 

RETAIL INSTALLMENT SALES - CHAPTER 520, FLORIDA STATUTES

RULE 69V-85, FAC

 

PURPOSE AND EFFECT: Chapter 2006-213, Laws of Florida, contains amendments to chapter 520, Florida Statutes, relating to retail installment sales. The proposed rules implement and reflect the statutory changes, which pertain to the licensing and regulation of persons under The Motor Vehicle Retail Sales Finance Act, The Retail Installment Sales Act, The Installment Sales Finance Act, and The Home Improvement Sales and Finance Act.

Click here for a copy of the Proposed Rule

Contact Information:

Greg Oaks, Bureau Chief

200 E. Gaines Street

6th Floor, The Fletcher Building

Tallahassee, FL 32399-0375

850-410-9805

 


CONSUMER FINANCE - CHAPTER 516, FLORIDA STATUTES

RULE 69V-160, FAC

 

PURPOSE AND EFFECT: Chapter 2006-213, Laws of Florida, contains amendments to chapter 516, Florida Statutes, relating to consumer finance. Among other things, Chapter 2006-213, Laws of Florida, amends provisions concerning the licensing and regulation of consumer finance companies. The proposed rules implement and reflect the statutory changes.
 

Click here for a copy of the Proposed Rule

Contact Information:

Greg Oaks, Bureau Chief

200 E. Gaines Street

6th Floor, The Fletcher Building

Tallahassee, FL 32399-0375

850-410-9805

 


 

MONEY TRANSMITTERS - CHAPTER 69V-560, FAC

 

SUMMARY:  Under Chapter 2006-213, Laws of Florida, the Financial Services Commission was granted rulemaking authority to require money transmitter applicants and registrants to amend any information contained in any application when the information becomes inaccurate for any reason, require registrants to file a new application when proposing a change of control of 25 percent or greater ownership in the registrant, and simply the registration renewal process.  The forms referenced in the rules incorporate these legislative changes in addition to streamlining the forms by incorporating the biographical summary and instructions within the business application forms.  Additional changes to the business forms include creating a Disclosure Reporting Page for applicants to provide detailed information concerning any affirmative responses to disclosure questions.  Other forms that needed instructional guidance have now had the instructions embedded within the form itself. 

Click here for a copy of the Proposed Rule

Contact Information:

Greg Oaks, Bureau Chief

200 E. Gaines Street

6th Floor, The Fletcher Building

Tallahassee, FL 32399-0375

850-410-9805

 


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Updated: 24 Mar 2008

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