The proposed rule amendments will repeal the rules. The Office has identified the rules as unnecessary as the result of the comprehensive rule review that it undertook pursuant to Sections 120.74 and 120.745, F.S. The Office does not need a form in ...

DEPARTMENT OF FINANCIAL SERVICES
Finance

RULE NO.: RULE TITLE:
69V-180.050: Consumer Collection Agency Registration Renewal Form and Procedures
69V-180.060: Commercial Collection Agency Registration Renewal Form and Procedures
PURPOSE AND EFFECT: The proposed rule amendments will repeal the rules. The Office has identified the rules as unnecessary as the result of the comprehensive rule review that it undertook pursuant to Sections 120.74 and 120.745, F.S. The Office does not need a form in order to renew a registrant's registration. The Office does not collect any additional information at the time of renewal. Further, the renewal fee is set forth in statute. In addition, there is no need to extend deadlines for renewals because of weekends or holidays because registrants can renew their registration electronically through the Office's REAL system 24 hours a day, 7 days a week.
SUMMARY: The proposed rule amendments will repeal the rules. The Office has identified the rules as unnecessary as the result of the comprehensive rule review that it undertook pursuant to Sections 120.74 and 120.745, F.S. The Office does not need a form in order to renew a registrant's registration. The Office does not collect any additional information at the time of renewal. Further, the renewal fee is set forth in statute. In addition, there is no need to extend deadlines for renewals because of weekends or holidays because registrants can renew their registration electronically through the Office's REAL system 24 hours a day, 7 days a week.
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 a SERC was triggered under Section 120.541(1) and (2) the proposed changes will not 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: 17.29 FS.
LAW IMPLEMENTED: 559.553(2), 559.555(3), 559.544(2), 559.545 FS.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAW.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Andy Grosmaire, Chief, Bureau of Finance Regulation, [phone], [e-mail]

THE FULL TEXT OF THE PROPOSED RULE IS:

69V-180.050 Consumer Collection Agency Registration Renewal Form and Procedures.

(1) Each active consumer collection agency registration shall be renewed for the annual period beginning January 1 of each year, upon submission of the renewal fee of $200 and the renewal form. Form OFR-CCA-104, Consumer Collection Agency Registration Renewal Form, effective 1-1-95, which is hereby incorporated by reference and available by mail from the Office of Financial Regulation, 200 East Gaines Street, Tallahassee, Florida 32399-0375. If December 31 of the year is on a Saturday, Sunday, or legal holiday pursuant to Section 110.117, F.S., then the renewals received on the next business day will be considered timely received.

(2) Failure to submit the renewal fee and renewal form required in subsection (1) prior to January 1 of the renewal year shall automatically result in the registration becoming expired.

Rulemaking Specific Authority 17.29 FS. Law Implemented 559.553(2), 559.555(3) FS. History–New 1-1-95, Amended 2-5-01, Formerly 3D-180.050, Repealed_________.

 

69V-180.060 Commercial Collection Agency Registration Renewal Form and Procedures.

(1) Each active commercial collection agency registration shall be renewed for the annual period beginning January 1 of each year, upon submission of the renewal fee of $500 and the renewal form. Form OFR-COM-105, Commercial Collection Agency Registration Renewal Form, effective 1-1-95, which is hereby incorporated by reference and available by mail from the Office of Financial Regulation, 200 East Gaines Street, Tallahassee, Florida 32399-0375. If December 31 of the year is on a Saturday, Sunday, or legal holiday pursuant to Section 110.117, F.S., then the renewals received on the next business day will be considered timely received.

(2) Failure to submit the renewal fee and renewal form required in subsection (1) prior to January 1 of the renewal year shall automatically result in the registration becoming expired.

Rulemaking Specific Authority 17.29 FS. Law Implemented 559.544(2), 559.545 FS. History–New 1-1-95, Amended 2-5-01, Formerly 3D-180.060, Repealed_________.

NAME OF PERSON ORIGINATING PROPOSED RULE: Greg Oaks, Director, Division of Finance
NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Financial Services Commission
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: March 20, 2012