Florida Senate - 2025                        COMMITTEE AMENDMENT
       Bill No. CS for CS for SB 498
       
       
       
       
       
       
                                Ì869322&Î869322                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: RS            .                                
                  04/08/2025           .                                
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       The Committee on Rules (Grall) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 68 - 80
    4  and insert:
    5  holds such an account, it must pay at least the highest interest
    6  rate or dividend generally available from the institution to its
    7  comparable business or consumer accounts or nonmaturing deposit
    8  accounts, provided that the trust account meets or exceeds the
    9  same minimum balance or other account requirements, and that the
   10  interest rate must be at least 0.25 percent.
   11         (a) The financial institution must submit a rate validation
   12  sheet and affidavit to the Chief Financial Officer by the tenth
   13  day of each quarter attesting that it will pay at least the same
   14  interest rate or dividend on the lawyer or law firm trust
   15  accounts that it is paying on its comparable business or
   16  consumer accounts or nonmaturing deposit accounts and that the
   17  rate will be at least 0.25 percent.
   18  
   19  ================= T I T L E  A M E N D M E N T ================
   20  And the title is amended as follows:
   21         Delete lines 7 - 12
   22  and insert:
   23         a certain minimum interest rate or dividend; requiring
   24         the interest rate to be a least a specified
   25         percentage; requiring a financial institution to
   26         submit a rate validation sheet and affidavit to the
   27         Chief Financial Officer attesting it will pay a
   28         minimum certain interest rate or dividend; requiring
   29         that the