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FL H0897

Bill

Status

Introduced

12/7/2015

Primary Sponsor

Regulatory Affairs Committee

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Creates section 48.092, F.S. requiring service of process on financial institutions to comply with section 655.0201, F.S.

  • Allows financial institutions authorized to do business in Florida to designate a single location or registered agent with the Department of State as the exclusive place for service of process, notice, levy, and demand.

  • Requires designated service locations to be open and available during business hours between 9 a.m. and 5 p.m. local time, Monday through Friday, excluding federal and state holidays.

  • Permits alternative service to any officer, director, or business agent at the institution's principal place of business or other branch offices if the institution has no registered agent, service cannot be made at the designated location, or the Office of Financial Regulation is making service.

  • Effective date: January 1, 2017.

Legislative Description

Service of Process on Financial Institutions

Last Action

Laid on Table, companion bill(s) passed, see CS/CS/SB 1104 (Ch. 2016-180)

3/7/2016

Committee Referrals

Regulatory Affairs2/3/2016
Insurance And Banking Subcommittee12/18/2015

Full Bill Text

No bill text available