CS/CS/HB 895 (2021) -  Consumer Finance Loans

by Commerce Committee and Insurance & Banking Subcommittee and Stevenson (CO-SPONSORS) Smith, D.
Authorizes applicant for license to make & collect loans under Florida Consumer Finance Act to provide bond, certificate of deposit, or letter of credit in lieu of liquid assets; provides requirements for such bonds, certificates of deposit, & letters of credit; revises references to implementing regulations of federal Truth in Lending Act; prohibits person licensed to make & collect consumer finance loans from charging prepayment penalties for loans; amends grounds for denial of license or disciplinary action; provides requirements for loan terms; revises exceptions for licensee during Financial Technology Sandbox period.
Effective Date: October 1, 2021
Last Event: Died on Second Reading Calendar on Friday, April 30, 2021 2:40 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill Text

Staff Analysis

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died on Second Reading Calendar Time: 04/30/2021 - 2:40 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 04/01/2021 - 6:26 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 04/01/2021 - 6:26 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 03/30/2021 - 5:59 PM Member: Committee: Version: c2
Event: H CS Filed Time: 03/30/2021 - 2:04 PM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.18(a) Time: 03/30/2021 - 2:04 PM Member: Committee: Version: c1
Event: H Reported out of Commerce Committee Time: 03/30/2021 - 1:28 PM Member: Committee: Commerce Committee Version: c1
Event: H Favorable with CS by Commerce Committee Time: 03/29/2021 - 8:13 PM Member: Committee: Commerce Committee Version: c1
Event: H Added to Commerce Committee agenda Time: 03/25/2021 - 4:12 PM Member: Committee: Commerce Committee Version: c1
Event: H Now in Commerce Committee Time: 03/15/2021 - 9:42 AM Member: Committee: Commerce Committee Version: c1
Event: H Referred to Commerce Committee Time: 03/15/2021 - 9:42 AM Member: Committee: Commerce Committee Version: c1
Event: H 1st Reading Time: 03/11/2021 - 6:33 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/11/2021 - 2:24 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 03/11/2021 - 2:24 PM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 03/11/2021 - 2:04 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 03/10/2021 - 12:42 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 03/08/2021 - 4:07 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/02/2021 - 9:21 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 02/22/2021 - 5:07 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 02/22/2021 - 5:07 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 02/22/2021 - 5:07 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 02/10/2021 - 12:52 PM Member: Stevenson Committee: Version: __