CS/SB 1332: Financial Institutions
GENERAL BILL by Banking and Insurance ; Richter
Financial Institutions; Authorizes the Office of Financial Regulation (OFR) to appoint provisional directors or executive officers. Specifies which accounting practice must be followed by financial institutions. Authorizes the OFR to conduct additional examinations of financial institutions if warranted. Revises the criteria for approval of a financial entity's plan of conversion. Provides for the transfer of assets from a federally chartered or out-of-state chartered institution. Revises provisions relating to banker's banks, etc.
Effective Date: 7/1/2011
Last Action: 5/3/2011 Senate - Laid on Table, companion bill(s) passed, see CS/HB 1121 (Ch. 2011-194) -SJ 751
Bill Text: Web Page | PDF
Last Action: 5/3/2011 Senate - Laid on Table, companion bill(s) passed, see CS/HB 1121 (Ch. 2011-194) -SJ 751
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Budget Subcommittee on General Government Appropriations (BGA)
- Budget (BC)
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Bill History
Date Chamber Action 2/23/2011 Senate • Filed
3/7/2011 Senate • Referred to Banking and Insurance; Budget -SJ 99
3/8/2011 Senate • Introduced -SJ 99
3/11/2011 Senate • On Committee agenda-- Banking and Insurance, 03/16/11, 1:30 pm, 412 Knott Building
3/16/2011 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 236
3/17/2011 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
3/21/2011 Senate • Now in Budget -SJ 236
3/22/2011 Senate • CS by Banking and Insurance read 1st time -SJ 259
4/7/2011 Senate • Also referred to Rules -SJ 461
4/8/2011 Senate • Subreferred to Budget Subcommittee on General Government Appropriations -SJ 473
• Now in Budget Subcommittee on General Government Appropriations
• On Committee agenda-- Budget Subcommittee on General Government Appropriations, 04/13/11, 9:15 am, 401 Senate Office Building
4/13/2011 Senate • Favorable by Budget Subcommittee on General Government Appropriations; YEAS 7 NAYS 0 -SJ 468
4/14/2011 Senate • Now in Budget -SJ 468
4/20/2011 Senate • On Committee agenda-- Budget, 04/25/11, 1:15 pm, 412 Knott Building
4/25/2011 Senate • Favorable by Budget; YEAS 20 NAYS 0 -SJ 469
4/26/2011 Senate • Now in Rules -SJ 469
4/28/2011 Senate • Withdrawn from Rules -SJ 561
• Placed on Calendar, on 2nd reading
5/2/2011 Senate • Placed on Consent Calendar, 05/03/11
5/3/2011 Senate • Read 2nd time -SJ 751
• Substituted CS/HB 1121 -SJ 751
• Laid on Table, companion bill(s) passed, see CS/HB 1121 (Ch. 2011-194) -SJ 751
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CS/SB 1332, Committee Substitute 1 (Current Bill Version) Posted 3/17/2011 at 12:00 PM
Bill Text: Web Page | PDF Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1121 (er) Financial Institutions Ingram Similar Last Action: 6/23/2011 Chapter No. 2011-194
Location: Became Law
Committee Votes (2)
Date Committee Result 4/13/2011 9:15 AM Budget Subcommittee on General Government Appropriations 7 Yeas - 0 Nays 4/25/2011 1:15 PM Budget 20 Yeas - 0 Nays Citations - Statutes (45)
Citation Catchline Location in Bill Location In Bill Help 288.772 Definitions. Page 56 (pdf) 288.99 Certified Capital Company Act. Page 56 (pdf) 440.12 Time for commencement and limits on weekly rate of compensation. Page 58 (pdf) 440.20 Time for payment of compensation and medical bills; penalties for late payment. Page 59 (pdf) 445.051 Individual development accounts. Page 59 (pdf) 489.503 Exemptions. Page 60 (pdf) 501.005 Consumer report security freeze. Page 60 (pdf) 501.165 Automatic renewal of service contracts. Page 61 (pdf) 624.605 “Casualty insurance” defined. Page 62 (pdf) 626.321 Limited licenses. Page 63 (pdf) 626.730 Purpose of license. Page 63 (pdf) 626.9885 Financial institutions conducting insurance transactions. Page 64 (pdf) 655.005 Definitions. Page 3 (pdf) 655.013 Effect on existing financial institutions. Page 11 (pdf) 655.03855 Page 11 (pdf) 655.044 Accounting practices; bad debts ineligible to be carried as assets. Page 13 (pdf) 655.045 Examinations, reports, and internal audits; penalty. Page 13 (pdf) 655.41 Cross-industry conversions, mergers, consolidations, and acquisitions; definitions used in ss. 655.41-655.419. Page 16 (pdf) 655.411 Conversion of charter. Page 17 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 19 (pdf) 655.416 Book value of assets. Page 22 (pdf) 655.417 Effect of merger, consolidation, conversion, or acquisition. Page 23 (pdf) 655.418 Nonconforming activities; cessation. Page 25 (pdf) 655.4185 Emergency action. Page 26 (pdf) 655.419 Effect. Page 29 (pdf) 655.947 Debt cancellation products. Page 29 (pdf) 657.038 Loan powers. Page 29 (pdf) 657.042 Investment powers and limitations. Page 30 (pdf) 657.063 Involuntary liquidation. Page 32 (pdf) 657.064 Voluntary liquidation. Page 32 (pdf) 658.12 Definitions. Page 32 (pdf) 658.165 Banker’s banks; formation; applicability of financial institutions codes; exceptions. Page 34 (pdf) 658.20 Investigation by office. Page 36 (pdf) 658.28 Acquisition of control of a bank or trust company. Page 36 (pdf) 658.295 Interstate banking. Page 37 (pdf) 658.2953 Interstate branching. Page 37 (pdf) 658.296 Control of deposit-taking institutions. Page 47 (pdf) 658.36 Changes in capital. Page 47 (pdf) 658.41 Merger; resulting state or national bank. Page 48 (pdf) 658.48 Loans. Page 49 (pdf) 658.53 Borrowing; limits of indebtedness. Page 54 (pdf) 658.65 Remote financial service units. Page 54 (pdf) 658.67 Investment powers and limitations. Page 54 (pdf) 665.013 Applicability of chapter 658. Page 54 (pdf) 667.003 Applicability of chapter 658. Page 54 (pdf) -
SB 1332, Original Filed Version Posted 2/23/2011 at 10:30 AM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 3/14/2011 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1121 Financial Institutions Ingram Similar Last Action: 6/23/2011 Chapter No. 2011-194
Location: Became Law
Committee Amendments (6)
Amendment Sponsor Filed Last Committee Action Format 954628 - Amendment
Delete lines 96 - 97 and insert:Banking and Insurance
(Richter)3/14/2011
11:49 AMReplaced by Committee Substitute
3/16/2011Web Page
PDF498482 - Amendment
Delete line 239 and insert:Banking and Insurance
(Richter)3/14/2011
11:48 AMReplaced by Committee Substitute
3/16/2011Web Page
PDF551980 - Amendment
Delete lines 357 - 359 and insert:Banking and Insurance
(Richter)3/14/2011
11:48 AMReplaced by Committee Substitute
3/16/2011Web Page
PDF671016 - Amendment
Delete lines 395 - 399 and insert:Banking and Insurance
(Richter)3/14/2011
11:48 AMReplaced by Committee Substitute
3/16/2011Web Page
PDF668206 - Amendment
Delete line 468 and insert:Banking and Insurance
(Richter)3/14/2011
11:48 AMReplaced by Committee Substitute
3/16/2011Web Page
PDF598928 - Amendment
Delete lines 922 - 943 and insert:Banking and Insurance
(Richter)3/15/2011
11:09 AMReplaced by Committee Substitute
3/16/2011Web Page
PDFCommittee Votes (1)
Date Committee Result 3/16/2011 1:30 PM Banking and Insurance 10 Yeas - 0 Nays Citations - Statutes (44)
Citation Catchline Location in Bill Location In Bill Help 288.772 Definitions. Page 53 (pdf) 288.99 Certified Capital Company Act. Page 53 (pdf) 440.12 Time for commencement and limits on weekly rate of compensation. Page 55 (pdf) 440.20 Time for payment of compensation and medical bills; penalties for late payment. Page 56 (pdf) 445.051 Individual development accounts. Page 56 (pdf) 489.503 Exemptions. Page 57 (pdf) 501.005 Consumer report security freeze. Page 57 (pdf) 501.165 Automatic renewal of service contracts. Page 58 (pdf) 624.605 “Casualty insurance” defined. Page 59 (pdf) 626.321 Limited licenses. Page 60 (pdf) 626.730 Purpose of license. Page 60 (pdf) 626.9885 Financial institutions conducting insurance transactions. Page 61 (pdf) 655.005 Definitions. Page 3 (pdf) 655.013 Effect on existing financial institutions. Page 11 (pdf) 655.03855 Page 11 (pdf) 655.044 Accounting practices; bad debts ineligible to be carried as assets. Page 13 (pdf) 655.045 Examinations, reports, and internal audits; penalty. Page 13 (pdf) 655.41 Cross-industry conversions, mergers, consolidations, and acquisitions; definitions used in ss. 655.41-655.419. Page 16 (pdf) 655.411 Conversion of charter. Page 17 (pdf) 655.414 Acquisition of assets; assumption of liabilities. Page 19 (pdf) 655.416 Book value of assets. Page 22 (pdf) 655.417 Effect of merger, consolidation, conversion, or acquisition. Page 23 (pdf) 655.418 Nonconforming activities; cessation. Page 25 (pdf) 655.4185 Emergency action. Page 26 (pdf) 655.419 Effect. Page 29 (pdf) 655.947 Debt cancellation products. Page 29 (pdf) 657.038 Loan powers. Page 29 (pdf) 657.042 Investment powers and limitations. Page 30 (pdf) 657.063 Involuntary liquidation. Page 32 (pdf) 657.064 Voluntary liquidation. Page 32 (pdf) 658.12 Definitions. Page 32 (pdf) 658.20 Investigation by office. Page 33 (pdf) 658.28 Acquisition of control of a bank or trust company. Page 33 (pdf) 658.295 Interstate banking. Page 34 (pdf) 658.2953 Interstate branching. Page 34 (pdf) 658.296 Control of deposit-taking institutions. Page 44 (pdf) 658.36 Changes in capital. Page 44 (pdf) 658.41 Merger; resulting state or national bank. Page 45 (pdf) 658.48 Loans. Page 46 (pdf) 658.53 Borrowing; limits of indebtedness. Page 50 (pdf) 658.65 Remote financial service units. Page 51 (pdf) 658.67 Investment powers and limitations. Page 51 (pdf) 665.013 Applicability of chapter 658. Page 51 (pdf) 667.003 Applicability of chapter 658. Page 51 (pdf)