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FL H1131

Bill

Official Source

Status

Introduced

1/5/2016

Primary Sponsor

Regulatory Affairs Committee

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Amends the definition of "recovery agency" in Florida Statutes section 493.6101 to clarify that persons who contract with licensed recovery agencies are not themselves recovery agencies
  • Excludes from the definition persons who do not directly perform repossessions but contract with licensed recovery agencies pursuant to agreements with licensed banks, bank holding companies, credit unions, or small loan companies
  • Requires persons claiming this exemption to include a disclaimer in all advertisements stating they do not directly perform repossessions but contract with licensed recovery agencies
  • Effective upon becoming law

Legislative Description

Recovery Agencies

Last Action

Died on Calendar

3/11/2016

Committee Referrals

Regulatory Affairs1/20/2016
Business and Professions Subcommittee1/13/2016

Full Bill Text

No bill text available