The purpose and effect is to create new rules to conform to and implement Chapter No. 2022-130, Laws of Florida, which was signed into law on May 23, 2022. The legislation permits a consumer finance company applicant/licensee ....

Document Information

Comments Open:: 9/30/2022
Summary:: The new rules will to conform to and implement Chapter No. 2022-130, Laws of Florida, by setting forth the processes and procedures related to the submission of a letter of credit, surety bond, or certificate of deposit. The new rules will allow for the incorporation and adoption of forms to implement the provisions of chapter 516, F.S.
Purpose:: The purpose and effect is to create new rules to conform to and implement Chapter No. 2022-130, Laws of Florida, which was signed into law on May 23, 2022. The legislation permits a consumer finance company applicant/licensee to meet certain conditions of licensure by providing documentation of a surety bond, certificate of deposit or letter of credit in lieu of evidence of $25,000 in liquid assets. The new rules will allow for the incorporation and adoption of forms to implement the provisions ...
Rulemaking Authority:: 516.03, 516.05, 516.22, 516.22(1)
Law:: 516.03, 516.05, 516.07
Related Rules: (2): 69V-160.038. Liquid Assets, Letter of Credit, and Surety Bond; 69V-160.039. Adoption of Forms