The purpose and effect is to amend Rules 69V-160.030, 69V-160.031, 69V-160.032, 69V-160.036, 69V-160.038, 69V-160.039, and 69V-160.111., F.A.C., to conform to and implement Chapter No. 2024-276, Laws of Florida, which was signed into law on June 28, 2024 and went into effect July 1, 2024. The law creates a branch license for consumer finance companies. The rules are being amended to define the term "principal place of business," clarify the application procedure for a principal place of business, clarify the renewal process for principal places of business and branch locations, clarify processes and procedures regarding the filing of branch application amendments, specify the forms and fees required to be filed electronically by a principal place of business and branch location, specify financial conditions of licensure required of principal places of business and branch locations, adopt a branch application form, adopt an annual report form, and to provide administrative penalties for persons who violate the provisions in chapter 516, F.S., that went into effect July 1, 2024.