CS/CS/HB 895 (2021) - Consumer Finance Loans

General Bill by Commerce Committee and Insurance & Banking Subcommittee and Stevenson (CO-SPONSORS) Smith

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

Last Event: Died on Second Reading Calendar on Friday, April 30, 2021 2:40 PM

Lobbyist Disclosure Information

Referred Committees and Committee Actions

House Referrals

Insurance & Banking Subcommittee
- On agenda for: 03/10/21 9:30 AM
  View Notice Meeting Packets Action Packets
- Favorable With Committee Substitute (final action) View Meeting Appearances See Votes
Commerce Committee
- On agenda for: 03/29/21 4:15 PM
  View Notice Meeting Packets Action Packets
- Favorable With Committee Substitute (final action) View Meeting Appearances See Votes

Related Bills

Bill #	Subject	Relationship
Bill #: CS/SB 1478	Subject: Consumer Finance Loans	Relationship: Similar

Bill Text

Committee Substitute 2
Committee Substitute 1
- A 206187 , Stevenson (COM) Date Filed: 03/26/21, Line#: 62 House(c): Adopted Without Objection 03/29/2021 08:13 PM
Original Filed Version
- D 230225 , Stevenson (IBS) Date Filed: 03/09/21, Line#: 0 House(c): Adopted Without Objection 03/10/2021 12:42 PM

Staff Analysis

Chamber	Committee
Chamber: House	Committee: Commerce Committee 3/30/2021 1:30:11 PM
Chamber: House	Committee: Commerce Committee 3/25/2021 4:22:09 PM
Chamber: House	Committee: Insurance & Banking Subcommittee 3/11/2021 2:06:00 PM
Chamber: House	Committee: Insurance & Banking Subcommittee 3/8/2021 5:17:55 PM

Vote History

(No Votes Recorded)

Bill History

Event	Time	Member	Committee	Ver.
Event: H Died on Second Reading Calendar	Time: 04/30/2021 - 2:40 PM	Member:	Committee:	Version: c2
Event: H Added to Second Reading Calendar	Time: 04/01/2021 - 6:26 PM	Member:	Committee:	Version: c2
Event: H Bill referred to House Calendar	Time: 04/01/2021 - 6:26 PM	Member:	Committee:	Version: c2
Event: H 1st Reading	Time: 03/30/2021 - 5:59 PM	Member:	Committee:	Version: c2
Event: H CS Filed	Time: 03/30/2021 - 2:04 PM	Member:	Committee:	Version: c2
Event: H Laid on Table under Rule 7.18(a)	Time: 03/30/2021 - 2:04 PM	Member:	Committee:	Version: c1
Event: H Reported out of Commerce Committee	Time: 03/30/2021 - 1:28 PM	Member:	Committee: Commerce Committee	Version: c1
Event: H Favorable with CS by Commerce Committee	Time: 03/29/2021 - 8:13 PM	Member:	Committee: Commerce Committee	Version: c1
Event: H Added to Commerce Committee agenda	Time: 03/25/2021 - 4:12 PM	Member:	Committee: Commerce Committee	Version: c1
Event: H Now in Commerce Committee	Time: 03/15/2021 - 9:42 AM	Member:	Committee: Commerce Committee	Version: c1
Event: H Referred to Commerce Committee	Time: 03/15/2021 - 9:42 AM	Member:	Committee: Commerce Committee	Version: c1
Event: H 1st Reading	Time: 03/11/2021 - 6:33 PM	Member:	Committee:	Version: c1
Event: H CS Filed	Time: 03/11/2021 - 2:24 PM	Member:	Committee:	Version: c1
Event: H Laid on Table under Rule 7.18(a)	Time: 03/11/2021 - 2:24 PM	Member:	Committee:	Version: __
Event: H Reported out of Insurance & Banking Subcommittee	Time: 03/11/2021 - 2:04 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee	Time: 03/10/2021 - 12:42 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Added to Insurance & Banking Subcommittee agenda	Time: 03/08/2021 - 4:07 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H 1st Reading	Time: 03/02/2021 - 9:21 PM	Member:	Committee:	Version: __
Event: H Now in Insurance & Banking Subcommittee	Time: 02/22/2021 - 5:07 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Referred to Commerce Committee	Time: 02/22/2021 - 5:07 PM	Member:	Committee: Commerce Committee	Version: __
Event: H Referred to Insurance & Banking Subcommittee	Time: 02/22/2021 - 5:07 PM	Member:	Committee: Insurance & Banking Subcommittee	Version: __
Event: H Filed	Time: 02/10/2021 - 12:52 PM	Member: Stevenson	Committee:	Version: __

Statutes Referenced by this Bill

Statute	Other Bill Citations
516.03	CS/SB 1478
516.031	CS/SB 1478
516.05	CS/SB 1478
516.07	CS/SB 1478
516.36	CS/SB 1478
559.952	CS/CS/HB 1351, CS/SB 1478, SB 1758