The purpose and effect is to amend existing rules to conform to and implement Chapter No. 2022-130, Laws of Florida, which was signed into law on May 23, 2022 and 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. In addition, the amendments will remove the disciplinary guidelines as found in rule text and transfer the disciplinary guidelines provisions to a form incorporated by rule, change application withdrawal procedures, narrow the scope of material changes to pending applications, revise mitigating and aggravating factors considered in the determination of penalties, and incorporate forms.