Bill Summary

HB 895 Consumer Finance Loans (2021 Session)
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Sponsors
by Stevenson Co Sponsors: Smith CS Sponsors: Insurance & Banking Subcommittee, Commerce Committee
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Summary
Consumer Finance Loans: Authorizes applicant for license to make & collect loans under Florida Consumer Finance Act to provide bond, certificate of deposit, or letter of credit in lieu of liquid assets; provides requirements for such bonds, certificates of deposit, & letters of credit; revises references to implementing regulations of federal Truth in Lending Act; prohibits person licensed to make & collect consumer finance loans from charging prepayment penalties for loans; amends grounds for denial of license or disciplinary action; provides requirements for loan terms; revises exceptions for licensee during Financial Technology Sandbox period. Effective Date: October 1, 2021
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committees of reference
   H Insurance & Banking Subcommittee
   H Commerce Committee
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Actions
02/10/21
HOUSE 
Filed
02/22/21
HOUSE 
Referred to Insurance & Banking Subcommittee; Commerce Committee
02/22/21
HOUSE 
Now in Insurance & Banking Subcommittee
03/08/21
HOUSE 
On Committee agenda - Insurance & Banking Subcommittee, 03/10/21, 9:30 am, 17 H
03/10/21
HOUSE 
Favorable with CS by Insurance & Banking Subcommittee; 18 Yeas, 0 Nays
03/11/21
HOUSE 
Committee Substitute Text (C1) Filed
03/15/21
HOUSE 
Now in Commerce Committee
03/25/21
HOUSE 
On Committee agenda - Commerce Committee, 03/29/21, 4:15 pm, 212 K
03/29/21
HOUSE 
Favorable with CS by Commerce Committee; 22 Yeas, 0 Nays
03/30/21
HOUSE 
Committee Substitute Text (C2) Filed
04/01/21
HOUSE 
Placed on Calendar, on 2nd reading
04/30/21
HOUSE 
Died on Second Reading Calendar
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bill text & filed amendments
0895
Filed on 02/10/21
PDF
Amendment 230225 DE
Stevenson
Filed on 03/09/21
Adopted
PDF
0895C1
Filed on 03/11/21
PDF
Amendment 206187
Stevenson
Filed on 03/26/21
Adopted
PDF
0895C2
Filed on 03/30/21
PDF
No amendments to this bill text filed.
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Statute Citations
516.03
516.031
516.05
516.07
516.36
559.952
Research & Reports
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