Bill Sponsor
Florida House Bill 1569
Session 2024
Exemption from Regulation for Bona Fide Nonprofit Organizations
Became Law
Became Law
Signed by Governor on Apr 26, 2024
Sponsors
Committee
Insurance & Banking Subcommittee
Republican
Michael Grant
First Action
Jan 8, 2024
Latest Action
Apr 29, 2024
Origin Chamber
House
Type
Bill
Bill Number
1569
State
Florida
Session
2024
Sponsorship by Party
Committee
Insurance & Banking Subcommittee
Primary
Republican
Primary
Republican
Cosponsor
House Votes (1)
Senate Votes (1)
checkPassed on February 15, 2024
Motion Text
Passage, Third Reading
House Roll Call Votes
Didn't Vote
Unknown
Garcia
Yes
Summary
Exemption from Regulation for Bona Fide Nonprofit Organizations; Authorizes FSC to adopt rules prescribing criteria & processes for determining whether organization is bona fide nonprofit organization for specified purpose; provides exemptions from certain regulation for bona fide nonprofit organizations & certain employees of bona fide nonprofit organization that meet specified criteria; requires Office of Financial Regulation to make specified determination; requires office to make such determination based on terms consistent with loan origination in public or charitable context; requires office to periodically examine books & activities of organization & to revoke its status as bona fide nonprofit organization.
Documents (3)
Bill Analysis -- Insurance & Banking Subcommittee (Post-Meeting) (5/3/2024 12:12 PM)
Bill Analysis -- Commerce Committee (Post-Meeting) (1/30/2024 6:44 PM)
026541 - Strike All Amendment to H 1569 Filed
Sources
Record Created
Jan 9, 2024 1:49:02 AM
Record Updated
Jul 11, 2024 12:23:46 AM