Rule 69V-560.302, F.A.C., was identified as unnecessary and is proposed for repeal. Subsection (1) is redundant of Section 560.142, F.S. Subsection (2) is made obsolete by the Office's electronic R.E.A.L. System (Regulatory Enforcement and Licensing)...

 

DEPARTMENT OF FINANCIAL SERVICES
Finance

RULE NO.:RULE TITLE:
69V-560.302Renewal Fees, Deadlines, and Requirements
PURPOSE AND EFFECT: Rule 69V-560.302, F.A.C., was identified as unnecessary and is proposed for repeal. Subsection (1) is redundant of Section 560.142, F.S. Subsection (2) is made obsolete by the Office's electronic R.E.A.L. System (Regulatory Enforcement and Licensing), which allows renewals 24 hours a day, 7 days a week.
SUMMARY: Rule 69V-560.302, F.A.C., currently provides that if a statutory deadline falls on a Saturday, Sunday, or legal holiday, the required renewal fees and any applicable late fees must be received by the Office on the next business day. The Office's new electronic R.E.A.L. system allows renewal fees to be paid at any time.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION:
The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the agency.
The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: 1) no requirement for the Statement of Economic Regulatory Costs (SERC) was triggered under Section 120.541(1), F.S.; and
2) no adverse impacts or regulatory costs are likely based on the repeal of this rule. The current rule relates to deadlines that fall on a weekend or legal holiday. The Office’s new system allows renewal fees to be filed at any time on any day of the week. Therefore, the adverse impact or regulatory cost, if any, do not exceed nor would exceed any one of the economic analysis criteria in a SERC, as set forth in Section 120.541(2)(a), F.S.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
RULEMAKING AUTHORITY: 560.105 FS.
LAW IMPLEMENTED: 560.142, 560.403 FS.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAR.
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 48 hours before the workshop/meeting by contacting: French Brown [phone]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: French Brown, Director of Legislative and Cabinet Affairs, Office of Financial Regulation, 200 East Gaines Street, Suite 118, Tallahassee, Florida 32399-0379, [phone]

THE FULL TEXT OF THE PROPOSED RULE IS:

69V-560.302 Renewal Fees, Deadlines, and Requirements.

(1) Chapter 560, F.S., licenses must be renewed in accordance with the provisions of Section 560.142, F.S.

(2) If any date established in accordance with Section 560.142, F.S., falls on a Saturday, Sunday, or legal holiday pursuant to Section 110.117, F.S., the required renewal fees and any applicable late fees must be received by the Office by the close of business on the next business day.

Rulemaking Specific Authority 560.105 FS. Law Implemented 560.142, 560.403 FS. History–New 9-24-97, Amended 12-30-98, 11-4-01, Formerly 3C-560.302, Amended 7-15-07, 1-13-09, Repealed_________.

NAME OF PERSON ORIGINATING PROPOSED RULE: French Brown, Director of Legislative and Cabinet Affairs, Office of Financial Regulation, 200 East Gaines Street, Suite 118, Tallahassee, Florida 32399-0379, [phone]
NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Financial Services Commission
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: September 18, 2012
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: May 25, 2012