HB 431: Office of Financial Regulation
GENERAL BILL by Barnaby
Office of Financial Regulation; Authorizes Bureau of Financial Investigations within OFR to include law enforcement officers among its investigative personnel; revises requirements for loan originator, mortgage broker, & mortgage lender license applications & renewals; provides that impositions of fees by third-party agents or entities for certain purposes are violations of specified statutes; repeals Florida Commercial Collection Practices Act; authorizes office to waive specified examination requirements; provides circumstances under which compliance officers of money services businesses are responsible for acts of money services businesses, authorized vendors, & affiliated parties; requires licensees to notify office if licensees cease to maintain depository accounts; revises authorization for financial institutions in acquiring assets & liabilities of other financial institutions; revises limits on sales of assets by mutual financial institutions to stock financial institutions; revises requirements for deposit accounts of family trust companies & licensed family trust companies; revises requirements for international bank agencies & international branches. APPROPRIATION: $817,791
Last Action: 11/10/2021 House - Now in Insurance & Banking Subcommittee
Bill Text: PDF
• Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
Companion bills that are identical word-for-word, not including titles. However, Resolutions and Concurrent Resolutions are considered identical if the only difference is the word "House" or "Senate."
Companion bills that are substantially similar in text or have substantial portions of text that are largely the same.
Bills that have selected provisions that are similar in text.
A bill that is contingent upon passage of another bill within the same chamber, e.g., a trust fund bill, a bill providing a public record exemption, or an implementing bill.
The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.