Florida Senate - 2016                                    SB 1266
       
       
        
       By Senator Simpson
       
       18-01363-16                                           20161266__
    1                        A bill to be entitled                      
    2         An act relating to recovery agencies; amending s.
    3         493.6101, F.S.; redefining the term “recovery agency”;
    4         providing an effective date.
    5          
    6  Be It Enacted by the Legislature of the State of Florida:
    7  
    8         Section 1. Subsection (20) of section 493.6101, Florida
    9  Statutes, is amended to read:
   10         493.6101 Definitions.—
   11         (20) “Recovery agency” means any person who, for
   12  consideration, advertises as providing or is engaged in the
   13  business of performing repossessions. The term does not include
   14  a person who does not directly perform repossessions and who,
   15  pursuant to a contract with a licensed bank, bank holding
   16  company, credit union, or small loan company, contracts with a
   17  licensed recovery agent or agency for the performance of
   18  repossessions by such agent or agency if such person includes a
   19  disclaimer in all advertisements appearing in this state which
   20  states that the person does not directly perform any
   21  repossessions but contracts with licensed recovery agents or
   22  agencies.
   23         Section 2. This act shall take effect July 1, 2016.