FL H0469

Creates the Access to Responsible Credit Pilot Program within the Office of Financial Regulation for consumer finance loans between $300 and $7,500

Sets maximum annual interest rates at 36% for loans up to $3,000, 30% for $3,000-$4,000, and 24% for $4,000-$7,500, with required 1% rate reductions on subsequent loans to the same borrower (up to 6% maximum reduction)

Requires program licensees to report borrower payment performance to consumer reporting agencies and provide credit education before loan disbursement

Limits origination fees to the lesser of 6% of principal or $90, caps delinquency charges at $15 per month, and prohibits prepayment penalties

Appropriates $262,125 in recurring funds and $140,000 in nonrecurring funds with 4 new positions; program sunsets July 1, 2029