Florida Alliance for Assistive Services and Technology, Inc. (FAAST); The agency's response declares that Petitioner's loan program implemented to fund the acquisition of assistive technology devices as described in the Petition, does not fall ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that on August 8, 2014, the Office of Financial Regulation has issued an order disposing of the petition for declaratory statement filed by Florida Alliance for Assistive Services and Technology, Inc. (FAAST) on June 10, 2014. The following is a summary of the agency’s disposition of the petition:

The agency’s response declares that Petitioner’s loan program implemented to fund the acquisition of assistive technology devices, as described in the Petition, does not fall within the statutes regulated by the Division of Consumer Finance to include Chapter 520, Part I: Motor Vehicle Retail Sales Finance Act, Chapter 520, Part II: Retail Installment Sales Act, Chapter 520, Part Ill: Installment Sales Finance Act, Chapter 516: Florida Consumer Finance Act, 5hapter 537: Florida Title Loan Act, Chapter 559, Part V: Florida Commercial Collection Practices Act, Chapter 559, Part VI: Florida Consumer Collection Practices Act, Chapter 520, Part IV: Home Improvement Sales and Finance Act, Chapter 494: Loan Originators and Mortgage Brokers and therefore, Petitioner is not required to obtain license(s).

A copy of the Order Disposing of the Petition for Declaratory Statement may be obtained by contacting: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone].

Please refer all comments to: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone].