Florida Senate - 2023                        COMMITTEE AMENDMENT
       Bill No. SB 580
       
       
       
       
       
       
                                Ì747392>Î747392                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/30/2023           .                                
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       The Committee on Banking and Insurance (Gruters) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 229 - 277
    4  and insert:
    5  
    6  For purposes of this subsection, assistance programs may
    7  include, but are not limited to, deferments, forbearance, waiver
    8  of late fees, payment modification, or changing payment due
    9  dates.
   10         Section 6. Section 516.38, Florida Statutes, is created to
   11  read:
   12         516.38 Annual reports by licensees.—
   13         (1) By March 15, 2024, and each March 15 thereafter, a
   14  licensee shall file a report with the office in a form and
   15  manner prescribed by commission rule. The report must include
   16  each of the items specified in subsection (2) for the preceding
   17  calendar year using aggregated and anonymized data and without
   18  reference to any borrower’s nonpublic personal information.
   19         (2) The report must include the following information for
   20  the preceding calendar year:
   21         (a) The number of locations held by the licensee under this
   22  chapter as of December 31 of the preceding calendar year.
   23         (b) The number of loan originations by the licensee from
   24  all licenses held under this chapter during the preceding
   25  calendar year.
   26         (c) The total dollar amount of loans and the number of
   27  loans outstanding with the licensee from all licenses held under
   28  this chapter as of December 31 of the preceding calendar year.
   29         (d) The total dollar amount of loans and the number of
   30  loans in which the licensee holds a security interest in
   31  collateral as of December 31 of the preceding calendar year.
   32         (e) The total dollar amount of loans and the number of
   33  unsecured loans as of December 31 of the preceding calendar
   34  year.
   35         (f) The total number of loans, separated by principal
   36  amount, in the following ranges as of December 31 of the
   37  preceding calendar year:
   38         1. Up to and including $5,000.
   39         2. Five thousand and one dollars to $10,000.
   40         3. Ten thousand and one dollars to $15,000.
   41         4. Fifteen thousand and one dollars to $20,000.
   42         5. Twenty thousand and one dollars to $25,000.
   43         (g) The total dollar amount of loans and the number of
   44  loans charged off as of December 31 of the preceding calendar
   45  year.
   46         (h) The total dollar amount of loans and the number of
   47  loans with delinquency status listed as:
   48         1. Current or less than 30 days past due.
   49         2. From 30 to 59 days past due.
   50         3. From 60 to 89 days past due.
   51         4. At least 90 days past due.
   52         (3) A licensee claiming that any information submitted in
   53  the report contains a trade secret must submit to the office an
   54  accompanying affidavit in accordance with s. 655.0591 and
   55  designate the information claimed to be a trade secret pursuant
   56  to s. 655.0591.
   57         (4) The office may publish a report of information
   58  submitted pursuant to this section, provided that all data
   59  published in the report is anonymized and aggregated from all
   60  licensees.
   61         Section 7. Section 516.39, Florida Statutes, is created to
   62  read:
   63         516.39 Suspension of penalties and remedial measures after
   64  federal disaster declaration.—If the Federal Emergency
   65  Management Agency issues a major disaster declaration for a
   66  county, a licensee operating in that county designated in the
   67  
   68  ================= T I T L E  A M E N D M E N T ================
   69  And the title is amended as follows:
   70         Delete line 19
   71  and insert:
   72         timeframe; providing construction; creating s. 516.38,
   73         F.S.; requiring