CS/HB 123 (2022) - Consumer Finance Loans

General Bill by Insurance & Banking Subcommittee and Stevenson (CO-SPONSORS) Benjamin; Fernandez-Barquin

Consumer Finance Loans: Authorizes licensee & applicant for license to make & collect loans under Florida Consumer Finance Act to provide surety bond, certificate of deposit, or letter of credit in lieu of liquid assets; prohibits person licensed to make & collect consumer finance loans from charging prepayment penalties for loans; revises grounds for denial of license or disciplinary action; revises exceptions for licensee during Financial Technology Sandbox period.

Companion Bill passed SB 546 Consumer Finance Loans By Gruters

Effective Date: October 1, 2022

Last Event: Companion bill(s) passed, see SB 546 (Ch. 2022-130) on Thursday, March 3, 2022 4:26 PM; HB Laid on Table

Lobbyist Disclosure Information

Referred Committees and Committee Actions

House Referrals

Insurance & Banking Subcommittee
- On agenda for: 12/01/21 11:00 AM
  View Notice Meeting Packets Action Packets
- Favorable With Committee Substitute (final action) View Meeting Appearances See Votes
Commerce Committee
- On agenda for: 01/19/22 9:30 AM
  View Notice Meeting Packets Action Packets
- Temporarily Postponed (final action) View Meeting Appearances
- On agenda for: 02/01/22 12:30 PM
  View Notice Meeting Packets Action Packets
- Favorable (final action) View Meeting Appearances See Votes

Related Bills

Bill #	Subject	Relationship
Bill #: SB 546	Subject: Consumer Finance Loans	Relationship: Similar

Bill Text

Committee Substitute 1
Original Filed Version
- A 972423 , Stevenson (IBS) Date Filed: 11/30/21, Line#: 88 House(c): Adopted Without Objection 12/01/2021 12:29 PM

Staff Analysis

Chamber	Committee
Chamber: House	Committee: Final Bill Analysis 5/25/2022 2:45:34 PM
Chamber: House	Committee: Final Bill Analysis 3/10/2022 1:03:36 PM
Chamber: House	Committee: Commerce Committee 2/1/2022 6:11:17 PM
Chamber: House	Committee: Commerce Committee 1/14/2022 7:36:40 PM
Chamber: House	Committee: Insurance & Banking Subcommittee 12/1/2021 2:53:36 PM
Chamber: House	Committee: Insurance & Banking Subcommittee 11/29/2021 8:53:10 AM

Vote History

(No Votes Recorded)

Bill History

Event	Time	Member	Committee	Ver.
Event: H Laid on Table; companion bill(s) passed, see SB 546 (Ch. 2022-130)	Time: 03/03/2022 - 4:26 PM	Member:	Committee:	Version: c1
Event: H Substituted SB 546	Time: 03/03/2022 - 4:26 PM	Member:	Committee:	Version: c1
Event: H Bill added to Special Order Calendar (3/3/2022)	Time: 02/28/2022 - 10:01 PM	Member:	Committee:	Version: c1
Event: H Added to Second Reading Calendar	Time: 02/01/2022 - 6:17 PM	Member:	Committee:	Version: c1
Event: H Bill released to House Calendar	Time: 02/01/2022 - 6:17 PM	Member:	Committee:	Version: c1
Event: H Reported out of Commerce Committee	Time: 02/01/2022 - 6:17 PM	Member:	Committee: Commerce Committee	Version: c1
Event: H Favorable by Commerce Committee	Time: 02/01/2022 - 5:14 PM	Member:	Committee: Commerce Committee	Version: c1
Event: H Added to Commerce Committee agenda	Time: 01/28/2022 - 4:00 PM	Member:	Committee: Commerce Committee	Version: c1
Event: H Added to Commerce Committee agenda	Time: 01/14/2022 - 3:34 PM	Member:	Committee: Commerce Committee	Version: c1
Event: H 1st Reading	Time: 01/11/2022 - 9:25 PM	Member:	Committee:	Version: c1
Event: H 1st Reading	Time: 01/11/2022 - 9:25 PM	Member:	Committee:	Version: __
Event: H Now in Commerce Committee	Time: 12/03/2021 - 10:03 AM	Member:	Committee: Commerce Committee	Version: c1
Event: H Referred to Commerce Committee	Time: 12/03/2021 - 10:03 AM	Member:	Committee: Commerce Committee	Version: c1
Event: H CS Filed	Time: 12/01/2021 - 3:18 PM	Member:	Committee:	Version: c1
Event: H Laid on Table under Rule 7.18(a)	Time: 12/01/2021 - 3:18 PM	Member:	Committee:	Version: __
Event: H Reported out of Insurance & Banking Subcommittee	Time: 12/01/2021 - 2:51 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee	Time: 12/01/2021 - 12:29 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Added to Insurance & Banking Subcommittee agenda	Time: 11/23/2021 - 2:24 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Now in Insurance & Banking Subcommittee	Time: 09/29/2021 - 12:26 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Referred to Commerce Committee	Time: 09/29/2021 - 12:26 PM	Member:	Committee: Commerce Committee	Version: __
Event: H Referred to Insurance & Banking Subcommittee	Time: 09/29/2021 - 12:26 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Filed	Time: 09/16/2021 - 4:15 PM	Member: Stevenson	Committee:	Version: __

Statutes Referenced by this Bill

Statute	Other Bill Citations
516.03	SB 546
516.031	SB 546
516.05	SB 546
516.07	SB 546
559.952	CS/HB 273, CS/CS/HB 389, CS/CS/HB 431*, CS/SB 486, SB 546, CS/CS/SB 1536

(*) Not the latest version