General Bill
Department of Financial Services:
Revises duties of DFS' Division of Consumer Services relating to OIR; specifies that complaints about sales & finance or title loans be submitted to OFR; repeals provisions relating to commercial collection practices; requires consumer collection agencies to be licensed instead of registered; limits effective period of license to 2 years; requires licensee to obtain surety bond; authorizes DFS to investigate license applicants; repeals provisions for void registrations; clarifies that out-of-state consumer collection agency is subject to same sanctions & fines as in-state licensee; provides fine for failing to obtain license; provides that prohibited act conducted by agent, employee, or control person is violation by consumer collection agency; provides grounds for denial, suspension, or revocation of license; provides for duration of license suspension or revocation; prohibits willful obstruction of investigations; authorizes DFS to adopt penalty guidelines; provides for payment of restitution; revises provisions for civil remedies; extends statute of limitations; revises provisions for injunctions; provides criminal penalties for failure to obtain license; authorizes Attorney General to bring action against consumer collection agency under Florida Deceptive & Unfair Trade Practices Act.
Effective Date:
October 1, 2010
Last Event:
Died in Insurance, Business & Financial Affairs Policy Committee; companion bill(s) passed, see CS/CS/CS/SB 2086 (Ch. 2010-127) on Friday, April 30, 2010 6:59 PM
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Subject
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Relationship
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Bill #:
HB 5603
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Subject:
Department of Financial Services
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Relationship:
Compare
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Bill #:
HB 7233
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Subject:
Consumer Debt Collection
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Relationship:
Compare
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Bill #:
CS/CS/CS/SB 2086
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Subject:
Consumer Debt Collection [CPSC]
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Relationship:
Compare
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Bill #:
SB 2724
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Subject:
Financial Services [CPSC]
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Relationship:
Compare
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