The proposed rules streamline and update the licensing process regarding licensure under Chapter 520, Florida Statutes, relating to Retail Installment Sales. The proposed rules set forth the licensing process and renewal process for persons required to be licensed under chapter 520, F.S.; mandate the electronic filing of renewal fees; specify the process to be followed when a person or group of persons proposes to acquire a controlling interest in a licensee; require certain persons associated with the applicant or licensee to submit biographical information to the Office of Financial Regulation; provide that if an application is withdrawn or denied, all fees are nonrefundable; provide that if the information contained in any application form, or in any amendment thereto, becomes inaccurate for any reason, the applicant/licensee shall file an amendment correcting such information within thirty (30) days; and specify other provisions relating to the licensing process.