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.
Last Action: 3/3/2022 House - Laid on Table; companion bill(s) passed, see SB 546 (Ch. 2022-130)
Bill Text: PDF
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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)
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CS/HB 123, Committee Substitute 1 (Current Bill Version) Posted 12/1/2021 at 3:18 PM
Bill Text: PDF Analyses: Commerce Committee (Post-Meeting) 2/1/2022 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 546 (er) Consumer Finance Loans Gruters Similar Last Action: 5/23/2022 Chapter No. 2022-130 
Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 516.03 Application for license; fees; etc. Page 2 (pdf) 516.031 Finance charge; maximum rates. Page 3 (pdf) 516.05 License. Page 3 (pdf) 516.07 Grounds for denial of license or for disciplinary action. Page 6 (pdf) 559.952 Financial Technology Sandbox. Page 6 (pdf) -
HB 123, Original Filed Version Posted 9/16/2021 at 4:15 PM
Bill Text: PDF Analyses: Insurance and Banking Subcommittee (Post-Meeting) 5/25/2022 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 546 Consumer Finance Loans Gruters Similar Last Action: 5/23/2022 Chapter No. 2022-130
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 972423 - Amendment
Remove line 88 and insert:Stevenson 11/30/2021
2:50 PMAdopted without Objection
12/1/2021PDF Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 516.03 Application for license; fees; etc. Page 2 (pdf) 516.031 Finance charge; maximum rates. Page 3 (pdf) 516.05 License. Page 3 (pdf) 516.07 Grounds for denial of license or for disciplinary action. Page 6 (pdf) 559.952 Financial Technology Sandbox. Page 6 (pdf)