Bill > S1452

Introduced Session

An act relating to the Department of Financial Services; amending s. 17.11, F.S.; revising the subsystem used for a certain report of disbursements made; amending s. 17.13, F.S.; requiring the replacement, rather than the duplication, of lost or destroyed warrants; amending s. 110.113, F.S.; deleting the Department of Financial Services’ authority to make semimonthly salary payments; amending s. 112.3135, F.S.; authorizing a public official to take specified actions regarding the employment of a relative as a firefighter; amending s. 215.5586, F.S.; defining terms; revising eligibility requirements for a hurricane mitigation inspection under the My Safe Florida Home Program; revising the circumstances under which applicants may submit a subsequent hurricane mitigation inspection application; deleting the requirement that licensed inspectors determine mitigation measures during initial inspections of eligible homes; deleting inspectors’ authorization to inspect townhouses; revising the criteria for eligibility for a hurricane mitigation grant; deleting an expiration date; revising the list of improvements for which grants may be used; requiring that improvements be identified in the final hurricane mitigation inspection to receive grant funds; deleting a provision related to grants for townhouses; authorizing the program to accept a specified certification directly from applicants; requiring applicants who receive grants to finalize construction and request a final inspection within a specified timeframe; specifying that an application is deemed abandoned, rather than withdrawn, under certain circumstances; requiring the department to notify applicants within a specified timeframe before an application is deemed abandoned; authorizing applicants to submit a subsequent application under certain circumstances; authorizing the department to determine that an application is not abandoned under certain circumstances; amending s. 215.89, F.S.; deleting provisions regarding the reporting structure for charts of accounts relating to the use of public funds by governmental entities; amending s. 215.93, F.S.; revising the subsystems of the Florida Financial Management Information System; amending s. 215.94, F.S.; providing that the department is the functional owner of the Financial Management Subsystem rather than the Florida Accounting Information Resource Subsystem; revising the functions of such subsystem; amending s. 215.96, F.S.; revising the composition of the coordinating council; deleting a requirement for the design and coordination staff; requiring that minutes of meetings be available to interested persons; revising the composition of ex officio members of the council; revising the duties, powers, and responsibilities of the council to include reviewing and coordinating annual workplans for a specified purpose; amending ss. 215.985, 216.102, and 216.141, F.S.; conforming provisions to changes made by the act; amending s. 440.13, F.S.; revising the timeframe in which health care providers must petition the department to resolve utilization and reimbursement disputes; revising petition service requirements; revising the timeframe in which carriers must submit certain documentation to the department; revising the timeframe in which the panel determining the statewide schedule of maximum reimbursement allowances must submit certain recommendations to the Legislature; creating s. 497.1411, F.S.; defining the term “applicant”; specifying that certain applicants are permanently barred from licensure; specifying that certain applicants are subject to specified disqualifying periods; requiring the Board of Funeral, Cemetery, and Consumer Services to adopt rules; specifying requirements, authorizations, and prohibitions for such rules; specifying when a disqualifying period begins; prohibiting the board from issuing approval for a license until an applicant provides proof that certain fines, costs, fees, and restitution have been paid; specifying that the applicant has certain burdens to demonstrate that he or she is qualified for licensure; specifying that certain applicants who have been granted a pardon or restoration of civil rights are not barred or disqualified from licensure; specifying that such pardon or restoration does not require the board to award a license; authorizing the board to grant an exemption from disqualification under certain circumstances; specifying requirements for the applicant in order for the board to grant an exemption; specifying that the board has discretion to grant or deny an exemption; specifying that certain decisions are subject to ch. 120, F.S.; providing applicability and construction; amending s. 497.142, F.S.; prohibiting an application from being deemed complete under certain circumstances; revising the list of crimes to be disclosed on a license application; amending s. 553.80, F.S.; specifying that certain dwellings do not have a change of occupancy under certain circumstances; amending s. 560.309, F.S.; revising the provisions that a licensee must comply with in seeking collection of worthless payment instruments; amending s. 560.405, F.S.; providing that redemption in cash or through a debit card transaction shall be treated the same; prohibiting payment through a credit card transaction; amending s. 560.406, F.S.; requiring deferred presentment providers to comply with the Fair Debt Collections Practices Act only if such deferred presentment providers meet certain criteria; amending s. 626.0428, F.S.; conforming a provision to changes made by the act; amending s. 626.171, F.S.; deleting reinsurance intermediaries from certain application requirements; revising the list of persons from whom the department is required to accept uniform applications; making clarifying changes regarding the voluntary submission of cellular telephone numbers; revising the exemption from the application filing fee for members of the United States Armed Forces; amending s. 626.292, F.S.; revising applicant requirements for a license transfer; amending s. 626.611, F.S.; requiring the department to require license reexamination of certain persons and to suspend or revoke the eligibility of such persons to hold a license or appointment under certain circumstances; amending the grounds for suspension or revocation; amending s. 626.621, F.S.; authorizing the department to require a license reexamination for certain persons; amending s. 626.731, F.S.; revising the qualifications for a general lines agent’s license; amending s. 626.785, F.S.; revising the qualifications for a life agent’s license; amending s. 626.831, F.S.; revising the qualifications for a health agent’s license; amending s. 626.8417, F.S.; revising the list of persons who are exempt from certain provisions relating to title insurance licensing and appointment requirements; amending s. 626.854, F.S.; requiring a public adjuster, public adjuster apprentice, or public adjusting firm to respond to certain claims status requests with specific information within a specified timeframe and document in the file the response or information provided; repealing s. 627.797, F.S., relating to agents exempt from title insurance licensing; amending s. 633.208, F.S.; prohibiting certain dwellings from being reclassified for certain purposes; amending s. 648.34, F.S.; revising requirements for bail bond agent applicants; amending s. 648.382, F.S.; requiring officers or officials of the appointing insurer to obtain, rather than submit, certain information; amending s. 717.001, F.S.; revising a short title; amending s. 717.101, F.S.; revising definitions and defining terms; amending s. 717.102, F.S.; providing that certain intangible property is presumed abandoned; deleting a provision relating to the presumption that certain intangible property is presumed unclaimed; specifying the dormancy period for property presumed abandoned; requiring that property be considered payable or distributable under certain circumstances; deleting a provision relating to when property is payable or distributable; revising a presumption; requiring that property be presumed abandoned under certain circumstances; providing an exception; amending s. 717.103, F.S.; requiring that intangible property be subject to the custody of the department under certain circumstances; revising criteria for when intangible property is subject to the custody of the department; repealing s. 717.1035, F.S., relating to property originated or issued by this state, any political subdivision of this state, or any entity incorporated, organized, created, or otherwise located in the state; amending ss. 717.104, 717.1045, 717.105, and 717.106, F.S.; conforming provisions to changes made by the act; amending s. 717.1065, F.S.; revising the timeframe for communication with certain entities by the owner of virtual currency so that the virtual currency is not presumed unclaimed; amending ss. 717.107, 717.1071, 717.108, and 717.109, F.S.; conforming provisions to changes made by the act; amending s. 717.1101, F.S.; revising the timelines and conditions under which stock, other equity interests, or debt of a business association is considered abandoned; requiring the holder to attempt to confirm the apparent owner’s interest in the equity interest by sending an e-mail communication within a specified timeframe under certain circumstances; requiring the holder to attempt to contact the apparent owner by first-class United States mail under certain circumstances; specifying that equity interest is presumed abandoned under certain circumstances; revising the timeframe in which unmatured, unredeemed, matured, or redeemed debt is presumed abandoned; specifying that the applicable dormancy period ceases under certain circumstances; revising the timeframe in which a sum held for or owing by a business association is presumed abandoned; specifying that certain equity interests are not presumed abandoned under certain circumstances; requiring a holder to perform annual data matching of certain records for a specified purpose; specifying that the holder is deemed to know the location of the apparent owner under certain circumstances; prohibiting certain transactions from constituting indication of apparent owner interest; specifying that certain accounts may be presumed abandoned under certain circumstances; providing applicability; amending ss. 717.111, 717.112, 717.1125, 717.113, 717.115, and 717.116, F.S.; conforming provisions to changes made by the act; amending s. 717.117, F.S.; specifying that property is presumed abandoned upon the expiration of the applicable dormancy period; specifying that property is not deemed abandoned for certain purposes until the holder meets certain requirements; requiring holders of property presumed abandoned which has a specified value to use due diligence to locate and notify the apparent owner; requiring, before a specified timeframe, a holder in possession of presumed abandoned property to send a specified written notice to the apparent owner; specifying the method of delivery of such notice; requiring, before a specified timeframe, the holder to send a second written notice under certain circumstances; authorizing that the reasonable costs for the notice be deducted from the property; specifying that a signed return receipt constitutes an affirmative demonstration of continued interest; specifying requirements of the written notice; requiring holders of abandoned property to submit a specified report to the department; prohibiting certain balances, overpayments, deposits, and refunds from being reported as abandoned property; prohibiting certain securities from being included in the report; requiring the holder to report and deliver such securities under certain circumstances; requiring that the report be signed and verified and contain a specified statement; deleting certain provisions relating to the due diligence and notices to apparent owners; amending s. 717.118, F.S.; revising the state’s obligation to notify apparent owners that their abandoned property has been reported and remitted to the department; requiring the department to use a cost-effective means to make an attempt to notify certain apparent owners; specifying requirements for the notice; requiring the department to maintain a specified website; revising applicability; amending s. 717.119, F.S.; conforming provisions to changes made by the act; revising requirements for firearms or ammunition found in an abandoned safe-deposit box or safekeeping repository; revising required actions the department must take if a will or trust instrument is included among the contents of an abandoned safe-deposit box or safekeeping repository; amending ss. 717.1201, 717.122, 717.123, and 717.1235, F.S.; conforming provisions to changes made by the act; amending s. 717.124, F.S.; conforming provisions to changes made by the act; deleting provisions related to requirements of claimants’ representatives; specifying that a claim is withdrawn under certain circumstances; specifying that the department is authorized to make a distribution of property or money in accordance with a specified agreement under certain circumstances; requiring that shares of securities be delivered directly to the claimant under certain circumstances; revising a provision authorizing the department to develop a process by which a claimant representative may electronically submit certain images and documents; deleting provisions relating to a buyer of unclaimed property’s filing of a claim; amending s. 717.12403, F.S.; conforming provisions to changes made by the act; amending s. 717.12404, F.S.; requiring that claims on behalf of an active corporation include a specified driver license; conforming provisions to changes made by the act; amending ss. 717.12405 and 717.12406, F.S.; conforming provisions to changes made by the act; amending s. 717.1241, F.S.; defining the term “conflicting claim”; conforming provisions to changes made by the act; revising requirements for remitting property when conflicting claims have been received by the department; amending ss. 717.1242, 717.1243, 717.1244, 717.1245, 717.125, 717.126, 717.1261, 717.1262, 717.129, 717.1301, 717.1315, and 717.132, F.S.; conforming provisions to changes made by the act; amending s. 717.1322, F.S.; revising the list of acts that constitute grounds for administrative enforcement action by the department; conforming provisions to changes made by the act; amending ss. 717.133, 717.1333, and 717.1341, F.S.; conforming provisions to changes made by the act; amending s. 717.135, F.S.; conforming provisions to changes made by the act; deleting applicability; creating s. 717.1356, F.S.; specifying that agreements for the purchase of abandoned property reported to the department are valid only under certain circumstances; authorizing the seller to cancel a purchase agreement without penalty or obligation within a specified timeframe; requiring that such agreement contain certain language; requiring that a copy of an executed Florida Abandoned Property Purchase Agreement be filed with the purchaser’s claim; prohibiting the department from approving the claim under certain circumstances; specifying that certain purchase agreements are enforceable only by the seller; defining the terms “asset purchaser” and “large business association”; requiring that claims filed by asset purchasers include certain information; authorizing the asset purchaser to provide a copy of a specified form in lieu of certain requirements if the seller is a publicly traded entity; providing applicability and construction; authorizing the department to adopt rules; amending s. 717.138, F.S.; conforming provisions to changes made by the act; amending s. 717.1382, F.S.; conforming provisions to changes made by the act; conforming a cross-reference; amending s. 717.139, F.S.; providing legislative findings; revising a statement of public policy; deleting a legislative declaration; providing legislative intent; prohibiting title to abandoned property from transferring to the state except under certain circumstances; amending s. 717.1400, F.S.; requiring an individual to meet certain requirements in order to file claims as a claimant representative; revising application requirements for registering as a claimant representative; requiring claimant representatives to file and obtain payment on a specified number of claims within a specified timeframe to maintain active registration; requiring the department to notify the claimant representative in writing and provide a certain timeframe to demonstrate compliance or good cause for noncompliance under certain circumstances; requiring the department to revoke a registration under certain circumstances; prohibiting a claimant representative from reapplying under certain circumstances; amending ss. 1001.281 and 1001.282, F.S.; conforming provisions to changes made by the act; amending ss. 197.582 and 626.9541, F.S.; conforming cross-references; reenacting s. 772.13(6)(a), F.S., relating to postjudgment execution proceedings to enforce a judgment entered against a terrorist party, to incorporate the amendment made to s. 717.101, F.S., in a reference thereto; ratifying specified rules relating to legal tender for the sole and exclusive purpose of satisfying conditions on effectiveness pursuant to chapter 2025-100, Laws of Florida; repealing s. 18 of chapter 2025-100, Laws of Florida, which repeals specified provisions relating to legal tender; providing a directive to the Division of Law Revision; providing an effective date.

AI Summary

Committee Categories

Keith Truenow (R)*, 

Other Sponsors (3)

Ordered engrossed, then enrolled (on 03/12/2026)

Official Document