| 1 | Representative Brown offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Between lines 3516 and 3517, insert: |
| 5 | Section 67. Section 655.851, Florida Statutes, is created |
| 6 | to read: |
| 7 | 655.851 Unclaimed credit balances.--Credit balances of |
| 8 | suspense accounts and credit balances only and exactly held by a |
| 9 | financial institution, credit union, or participant as defined |
| 10 | by 12 U.S.C. s. 4001(19), which result from the performance of |
| 11 | or participation in check-clearing functions, whether pursuant |
| 12 | to a contractual relationship between financial institutions, |
| 13 | credit unions, or participants, through a clearinghouse as |
| 14 | defined by s. 674.104, or through a clearinghouse association as |
| 15 | defined by 12 U.S.C. s. 4001(8), are not subject to s. 717.117. |
| 16 | This section is intended to be remedial in nature, is intended |
| 17 | to clarify existing law, and shall apply to credit balances held |
| 18 | before, on, or after July 1, 2006. |
| 19 |
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| 20 | ======= T I T L E A M E N D M E N T ======= |
| 21 | Remove line 233 and insert: |
| 22 | intent; creating s. 655.851, F.S.; providing that credit |
| 23 | balances that result from the performance of or |
| 24 | participation in check-clearing functions are not subject |
| 25 | to certain reporting requirements; amending s. 655.935, |
| 26 | F.S.; authorizing the search |