FL H0587

Termination-of-access reports filed by financial institutions with the Office of Financial Regulation, along with all information contained in those reports, are made confidential and exempt from public records requirements under s. 119.07(1) and the State Constitution.

Personally identifying and personal financial information contained in customer or member complaints and in determinations issued by the Office of Financial Regulation related to bad faith termination or restriction of account access are also made confidential and exempt.

The Office of Financial Regulation must share filed reports and related information with federal, state, or local law enforcement, prosecutorial agencies, and financial regulatory agencies when otherwise required by law.

The exemption is subject to the Open Government Sunset Review Act and will automatically repeal on October 2, 2029, unless reenacted by the Legislature.

The act takes effect contingent upon HB 585 or similar legislation (establishing the underlying bad faith termination-of-access framework) being adopted in the same 2024 legislative session and becoming law.