Bill Summary

by Buchanan

Financial Institutions: Provides that imposition of fees or charges upon consumers for online audit verifications of financial institution accounts is violation of Florida Deceptive & Unfair Trade Practices Act; revises entities that may assume liabilities, & liabilities that may be assumed; specifies basis for calculating percentages of assets or liabilities; requires OFR, upon receiving applications for authority to organize bank or trust company, to investigate need for new bank facilities in primary service area or target market & ability of such service area or target market to support new & existing bank facilities; revises type of institution with which certain family trust companies are required to maintain deposit account; revises banks with which international bank agencies or branches shall maintain certain deposits. Effective Date: July 1, 2021

» H Insurance & Banking Subcommittee
   H State Administration & Technology Appropriations Subcommittee
   H Commerce Committee