The proposed rule amendment changes the amounts required for initial capital amounts to be consistent with the amounts as described pursuant to Section 658.21, F.S.

DEPARTMENT OF FINANCIAL SERVICES
FSC - Financial Institution Regulation

RULE NO.: RULE TITLE:
69U-105.206: Regulatory Standards for Evaluating Applications
PURPOSE AND EFFECT: The proposed rule amendment changes the amounts required for initial capital amounts to be consistent with the amounts as described pursuant to Section 658.21, F.S.
SUBJECT AREA TO BE ADDRESSED: Regulation of Financial Institutions – Licensing and Chartering of Financial Institutions.
RULEMAKING AUTHORITY: 655.012(3), 658.26(2)(a) FS.
LAW IMPLEMENTED: 517.051(5), 517.301, 517.311, 655.001(2)(c), (d), 655.0322, 655.037, 655.0385, 655.0386, 655.057(6), 658.19, 658.20, 658.21, 658.25, 658.26, 658.33, 665.013, 667.003 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: Jeffrey Jones, Assistant General Counsel, [phone], [e-mail]

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