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 of chapter 516, F.S