The proposed rule amendment strikes subparagraph (11), as there is no specific authority for this requirement under Chapter 516, F.S.; and corrects a cross-reference to remove Section 516.20, F.S., which was repealed, as a law implemented.

DEPARTMENT OF FINANCIAL SERVICES
Finance

RULE NO.: RULE TITLE:
69V-160.025: Property Insurance on Loans
PURPOSE AND EFFECT: The proposed rule amendment strikes subparagraph (11), as there is no specific authority for this requirement under Chapter 516, F.S.; and corrects a cross-reference to remove Section 516.20, F.S., which was repealed, as a law implemented.
SUBJECT AREA TO BE ADDRESSED: Finance Regulation – Florida Consumer Finance Act.
RULEMAKING AUTHORITY: 20.05(5), 516.22(1) FS.
LAW IMPLEMENTED: 516.031(3) FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Greg Oaks, Director, Division of Finance, [e-mail]; [phone]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS NOT AVAILABLE.