The Florida Senate
HOUSE MESSAGE SUMMARY
Prepared By: The Professional Staff of the Committee on Banking and Insurance
[2022s00546.hms.bi]
BILL: SB 546
INTRODUCER: Senator Gruters
SUBJECT: Consumer Finance Loans
DATE: March 4, 2022
I.Amendments Contained in Message:
House Amendment – 856305 (body with title)
II.Summary of Amendments Contained in Message:
House Amendment – 856305 amends s. 516.05, F.S., related to liquid asset requirement
alternatives for licensure as a consumer finance lender, to provide an aggregate licensing fee
amount not to exceed $100,000 as a function of multiple licensed locations, regardless of
whether the liquid asset requirement alternative is made by a surety bond, certificate of deposit,
or irrevocable letter of credit.
SB 546 currently caps the aggregate fee if the liquid asset requirement alternative is made by a
surety bond.