FL S1006

Removes provisions allowing the Office of Financial Regulation to reject consumer collection agency registrations based on prior suspensions or revocations of professional licenses.

Establishes criminal disqualification periods for registration: 15 years for fraud/dishonesty/moral turpitude felonies, 7 years for other felonies, and 5 years for misdemeanors involving fraud or dishonesty.

Requires fingerprinting and criminal background checks (state and federal) for all control persons of applicant consumer collection agencies, with costs borne by the applicant.

Mandates registrants report within 30 days: convictions or nolo contendere pleas involving fraud/dishonesty crimes, felony convictions, changes in control persons, and changes in business organization or application information.

Expands grounds for disciplinary action against consumer collection agencies to include fraud, misrepresentation, dishonesty, and violations by control persons, with penalties including fines up to $10,000 per violation, suspension, or revocation of registration.