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The Florida Senate

CS/HB 123: Consumer Finance Loans

GENERAL BILL by Insurance and Banking Subcommittee ; Stevenson ; (CO-INTRODUCERS) Benjamin ; Fernandez-Barquin

Consumer Finance Loans; Authorizes licensee & applicant for license to make & collect loans under Florida Consumer Finance Act to provide surety bond, certificate of deposit, or letter of credit in lieu of liquid assets; prohibits person licensed to make & collect consumer finance loans from charging prepayment penalties for loans; revises grounds for denial of license or disciplinary action; revises exceptions for licensee during Financial Technology Sandbox period.

Effective Date: 10/1/2022
Last Action: 3/3/2022 House - Laid on Table; companion bill(s) passed, see SB 546 (Ch. 2022-130)
Bill Text: PDF



Bill History

Date Chamber Action
9/16/2021 House • Filed
9/29/2021 House • Referred to Insurance & Banking Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
11/23/2021 House • Added to Insurance & Banking Subcommittee agenda
12/1/2021 House • Favorable with CS by Insurance & Banking Subcommittee
• Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
12/3/2021 House • Referred to Commerce Committee
• Now in Commerce Committee
1/11/2022 House • 1st Reading (Original Filed Version)
• 1st Reading (Committee Substitute 1)
1/14/2022 House • Added to Commerce Committee agenda
1/28/2022 House • Added to Commerce Committee agenda
2/1/2022 House • Favorable by Commerce Committee
• Reported out of Commerce Committee
• Bill released to House Calendar
• Added to Second Reading Calendar
2/28/2022 House • Bill added to Special Order Calendar (3/3/2022)
3/3/2022 House • Substituted SB 546
• Laid on Table; companion bill(s) passed, see SB 546 (Ch. 2022-130)