# Florida SB 1452: Department of Financial Services Florida SB 1452, Department of Financial Services, is a 2026 Senate bill sponsored by Keith L. Truenow (Republican); status signed, last action 2026-06-29 (Chapter No. 2026-174, companion bill(s) passed, see CS/CS/HB 1311 (Ch. 2026-132)); PRIA reads it as touching household money (as of 2026-10-12). - Canonical: https://policyrisk.com/state-bill/FL-SB1452-2026 - As of: 2026-10-12 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Florida SB 1452 - State: Florida - Session: 2026 - Title: Department of Financial Services - Status: signed - Chamber: Senate - Introduced: 2026-01-08 - Last action: 2026-06-29, Chapter No. 2026-174, companion bill(s) passed, see CS/CS/HB 1311 (Ch. 2026-132) - Sponsor: Keith L. Truenow (Republican) - Cosponsors: 3 - Subjects: Appropriation, Banking and Insurance, Appropriations Committee on Agriculture, Environment, and General Government, Rules, House Calendar - Touches household money: yes - Roll calls: 6 (226 yes, 0 no in all) - Economic provisions PRIA read: 49 ## Summary No summary available. ## Bill overview: provisions PRIA read - Property sellers gain price and cancellation protections: benefit, medium. Buyers of reported abandoned property must pay at least 70% of its total value within 30 days. Sellers can cancel without penalty or obligation within 15 business days after signing. The written agreement must identify the property, parties, and amounts each receives, using at least 12-point type.… - Continued hurricane grants and broader roof help: benefit, medium. The low- or moderate-income grant eligibility pathway no longer expires July 1, 2026; applicants must meet state income definitions. Grants can cover roof-to-wall connections, roof-deck attachments, secondary water resistance, and roof-covering replacement recommended by the initial inspection. The… - More homeowners can get hurricane inspections: benefit, medium. My Safe Florida Home inspections cover attached or detached homes on individual parcels, up to three stories. The home must have a homestead exemption. The law removes the former site-built and owner-occupied requirements for inspections. You can seek another inspection after more than 24 months if… - Investors gain longer account inactivity protections: benefit, low. The owner-activity rule presumes a business ownership interest abandoned five years after the last qualifying owner-initiated activity or communication. Routine automatic reinvestments do not count. Ownership interests and securities accounts avoid abandonment solely for inactivity when holders kno… - Investors get longer to collect payments: benefit, low. Covered business debt and unpaid investment payments now have five-year abandonment periods, up from three years. For unmatured or unredeemed debt, the clock starts with the latest unclaimed interest payment; bearer and original-issue discount bonds are excluded. For matured or redeemed debt, it st… - Owner activity protects unclaimed financial property: benefit, low. Most intangible property is presumed abandoned after 5 years without continued interest, starting when payment is due—even without a demand. Qualifying activity within 5 years protects covered deposits, and recorded contact or presenting dividend payment instruments stops the equity-interest clock.… - Owners can search for abandoned property: benefit, low. The Department of Financial Services must maintain a public, searchable website listing apparent owners and explaining how to claim property. The listing requirement covers reported property worth $10 or more; smaller amounts remain recoverable. When the department directly contacts an apparent own… - Public adjusters must answer claim-status requests: benefit, low. Public adjusters, apprentices, and adjusting firms must answer written or electronic claim-status requests within 14 days. A claimant, insured person, or designated representative can make the request. The response must provide specific information, and the response and related information must be… - Returned-check borrowers get stronger collection protections: benefit, low. Money services licensees and payday providers must follow Florida rules against abusive, misleading, or unfair collection practices. This applies to checks returned for insufficient funds, closed accounts, or stop-payment orders. Specified federal debt-collection rules also apply when providers use… - Stronger protections against property recovery misconduct: benefit, low. Lawful charges against abandoned property must be authorized by statute to cover property or account maintenance costs. Illegal or excessive transaction charges are violations without proof they were imposed willfully. Misrepresenting, hiding, or evading required information is a violation without… - Virtual currency owners get longer inactivity window: benefit, low. Covered virtual currency is presumed unclaimed after seven years without recorded owner contact or interest, up from five years. This applies to currency held or owed by banks, corporations, custodians, exchanges, and other businesses engaged in virtual currency activity. - Special-use homes avoid automatic fire-code reclassification: benefit, low. One- or two-family homes cannot face fire-code reclassification solely for use as qualifying mental-health, migrant, or recovery residences. Mental-health homes must be owned by a tax-exempt charitable nonprofit whose stated purpose includes supporting people with mental-health disorders. They must… - Bail bond applicants no longer submit photos: benefit, low. Florida bail bond agent applicants no longer need to submit a recent, full-face credential photo. The requirement to provide a complete set of fingerprints remains unchanged. - Insurance workers get easier transfer proof: benefit, low. Insurance license applicants transferring to Florida can prove good standing through a home-state certification or national insurance licensing database records. The proof must cover the requested type of insurance authority. Good standing no longer has to be tied to when the home-state license was… - Officials' relatives can compete for firefighting jobs: benefit, low. Public officials can hire, promote, or advance relatives as firefighters through a competitive process in a collective bargaining agreement. Officials can also advocate for those actions. This exception applies only to firefighters covered by the law's definition. - Simpler insurance licensing and interstate transfers: benefit, low. Florida's Department of Financial Services must accept the standard uniform application for resident and nonresident insurance agent and adjuster licenses. Agents and all-lines adjusters transferring to Florida can keep their other state's resident license for 30 days. That period starts when their… - Veterans avoid insurance license application fees: benefit, low. Veterans who separated before applying pay no Florida insurance license application filing fee with proof of honorable discharge. The former requirement to apply within 24 months of separation no longer applies. A military record, discharge paper, or separation document can provide the required pro… - Abandoned firearms go to law enforcement: benefit, low. Holders must deliver firearms and ammunition found in abandoned safe-deposit boxes or other safekeeping repositories to law enforcement. Law enforcement handles or disposes of them under state law. The department may assess collector value and sell firearms with apparent historical collector value… - Easier occupancy rules for certain group homes: benefit, low. Single-family and two-family homes do not undergo an occupancy change solely because they become the group housing described here. Mental-health residences must be run by a tax-exempt nonprofit whose stated purpose includes supporting people with mental health disorders. These homes must have 2 to… - Reinsurance intermediaries shed specified application requirements: benefit, low. The law removes reinsurance intermediaries from the license categories subject to the specified application and fingerprint-submission requirements. This reduces those requirements for intermediaries applying for a Florida insurance license. It does not eliminate every licensing requirement. - Homeowners face tighter hurricane grant limits: cost, medium. A home's insured value must be $700,000 or less to qualify for a My Safe Florida Home grant. The law removes the exception for low-income applicants. Grant payments cover only improvements identified by the final hurricane mitigation inspection. - Some documents and securities stay unreported: cost, low. Holders cannot report documents or writings with little or no commercial value as abandoned property, whether private or not. They also cannot report securities they identify as worthless or not freely transferable. If a security loses both restricted statuses, holders must report and deliver it on… - Florida insurance applicants lose residency shortcut: cost, low. Florida residents holding another state's resident insurance license lose a special route for meeting Florida's residency requirement. This affects applications for general lines, life, and health agent licenses. A clearance letter showing cancellation or conversion of the other license no longer q… - State employees lose twice-monthly pay option: cost, low. Florida state salary schedules are limited to monthly or every-two-week payments. Twice-monthly payments are no longer authorized. The agency head must request a schedule, and the Governor's executive office and Department of Financial Services must approve it. - Businesses need identification for property claims: cost, low. Property claims for active or dissolved corporations, other businesses, and trusts must include identification for the person acting for them. The claim needs a readable copy of that person’s valid driver license. The law expressly includes active corporations in these claim requirements. - Insurers must check bail bond appointees: cost, low. Before appointing a bail bond agent or agency, an insurer's responsible officer must gather investigation and background information. The insurer must also obtain a sworn statement about premiums and outstanding forfeitures or judgments. It must collect other information reasonably required by the… - Bankruptcy property buyers face purchase rules: cost, low. Florida removes the purchase-rule exception for unclaimed property handled through bankruptcy estate representatives or other federally authorized bankruptcy parties. These sales and purchases of Florida-held property must follow the state’s abandoned-property purchase requirements. - Business property buyers face new documentation: cost, low. Businesses claiming property bought from a large business must submit the full asset purchase agreement and an owner statement. The statement confirms the seller's large-business status and awareness that the state returns property without a fee. A large business has at least $100 million in annual… - Claim professionals face registration and activity limits: cost, low. Claim representatives need department registration and a Florida attorney license, public accountant certification, or Class C private investigator license. Applications require identity, business, electronic-payment details, a notarized signature, and statements about violations during the previou… - Funeral licensing bans with limited exceptions: mixed, high. Funeral, cemetery, and related-services licensing permanently bars applicants with first-degree felonies, listed felony offenses, or felonies involving moral turpitude. Other felonies bring a 10-year wait; misdemeanors tied to the work bring a 5-year wait. These waits begin after final release from… - Homeowners gain time to finish hurricane projects: mixed, medium. My Safe Florida Home recipients have 18 months after grant application approval to finish construction and request a final inspection. This replaces the one-year deadline and optional six-month extension; missing the deadline means abandonment and return of grant money. The Department of Financial… - Lost state payment checks get replacements: mixed, low. Florida’s Chief Financial Officer must replace lost or destroyed state payment warrants, with the same validity as the originals. After issuance, owners or their agents or attorneys must submit a sworn description of the warrant and its loss. The Chief Financial Officer may require a bond. If a war… - Competing property claims get priority rules: mixed, low. The first complete claim generally has priority when equally entitled claims compete, including multiple claims by the same claimant. In same-day ties, the claimant beats a representative, but a buyer beats the claimant. Among representatives, the lowest fee wins; tied representatives split fees eq… - Different deadlines for owners’ unclaimed property: mixed, low. Without qualifying owner interest, unpaid wages and specified government-held property are presumed abandoned after 1 year. Covered fiduciary property has a 5-year period; property under a trust has a 2-year period. Safe-deposit contents are covered 3 years after the rental ends if neither the owne… - Estate documents available, but property deadlines apply: mixed, low. When a holder learns or confirms an owner’s death, property is presumed abandoned 2 years after the death. An authorized representative can prevent this by affirmatively showing continued interest before that deadline. Florida’s Department of Financial Services must provide requested copies of will… - Owners can use registered claim helpers: mixed, low. Claimants can use a representative registered with the department to pursue an abandoned-property claim. Registration rules identify Florida attorneys in good standing, Florida-certified public accountants, and licensed private investigators as qualifying professionals. Unregistered locators cannot… - Owners keep rights through property claims: mixed, low. Reported abandoned property remains the owner’s property; Florida holds it as a custodian. Florida can take title only with express legal authority and after reasonable efforts to identify and repay the owner fail. Owners must file a valid claim to establish their right to property held by the depa… - Payday borrowers get limited payment choices: mixed, low. When payday providers allow customers to redeem a check instead of depositing it, they must treat cash and debit payments equally. Customers must pay the outstanding balance and earned fees. Personal checks and credit-card payments cannot be used for redemption. - Property claims gain options and deadlines: mixed, low. The department can let claimant representatives submit claim images electronically, but buyers cannot use this process. Representatives must first receive the originals, attest that images are true copies, and securely retain originals by claim number for inspection. Claimants can withdraw in writi… - Property owners get notices before state transfer: mixed, low. After a property's waiting period ends, holders must finish due diligence before reporting and transferring it to state custody. For property worth at least $50, holders must send written notice 90–180 days before reporting when address requirements are met. Owners who elected email delivery can re… - Property owners get notices with exceptions: mixed, low. The department must make at least one cost-effective attempt to directly notify owners of reported property worth $50 or more. The rule also covers tangible property and stock when a reported address or taxpayer identification number is available. Named deposit beneficiaries must receive notice for… - Returned mail can trigger abandoned shares: mixed, low. A business ownership interest can be presumed abandoned three years after the holder's first-class mail is returned undelivered. If mail is resent within one month and also returned, the three-year clock starts with that second return. Holders that do not mail annually must attempt email contact wi… - New abandoned-property rules for stock owners: mixed, low. Business ownership interests may be presumed abandoned 2 years after the apparent owner's death, down from 3 years. The holder must establish the death through specified evidence, such as notice from an authorized representative or other reasonable evidence. Securities are excluded from these aband… - Insurance workers face stronger exam oversight: mixed, low. Florida must require a new insurance license exam when the law's mandatory grounds apply. Cheating or breaking communicated exam rules counts as failing the exam. The department can also require reexamination on listed discretionary grounds when discipline is not already mandatory. These rules stre… - Title insurance exemptions and sales limits: mixed, low. Title insurers acting through designated corporate officers are exempt from the specified licensing and appointment requirements. Florida attorneys in good standing also qualify for the exemption. Employees initiating contact to sell title insurance must be licensed or covered by the law's specifie… - Financial rules receive required legal approval: mixed, low. The law ratifies listed financial rules about qualified public depositories and gold or silver coin. This approval satisfies an effectiveness condition in a prior law. The act takes effect upon becoming law. The supplied provision does not describe the rules' specific requirements or household cost… - Funeral directors follow insurer role rules: mixed, low. Life insurers can let funeral directors or direct disposers act in specified insurance roles only as the referenced licensing law allows. Covered roles include representatives, adjusters, claim agents, special claim agents, and agents. The law changes the governing cross-reference without specifyin… - Property holders face rules and protections: mixed, low. Expanded definitions cover more financial organizations, transfer agents, and people or businesses holding someone else’s property or owing an obligation. Florida custody requires completed owner checks without a response or claim, plus a qualifying legal connection to Florida. Connections include… - Providers and insurers get longer dispute deadlines: mixed, low. Health providers have 60 days after notice to challenge a workers’ compensation payment denial or adjustment, up from 45 days. Petitions need supporting records and service on the carrier and listed affected parties by certified mail or a tracked common carrier. Carriers have 45 days after receivin… ## Sponsors and cosponsors - Sponsor: Keith L. Truenow (Republican), Senate - Cosponsor: Appropriations Committee on Agriculture, Environment, and General Government - Cosponsor: Banking and Insurance - Cosponsor: Rules ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-03-12 | Senate | Senate Floor Vote | pass | 39 | 0 | | | 2026-03-11 | House | House Floor Vote | pass | 109 | 0 | | | 2026-03-09 | Senate | Senate Floor Vote | pass | 38 | 0 | | | 2026-03-03 | Senate | Rules Vote | pass | 22 | 0 | | | 2026-02-25 | Senate | Appropriations Committee on Agriculture, Environment, and General Government Vote | pass | 8 | 0 | | | 2026-02-04 | Senate | Banking and Insurance Vote | pass | 10 | 0 | | ## Actions (40) - 2026-06-29: Chapter No. 2026-174, companion bill(s) passed, see CS/CS/HB 1311 (Ch. 2026-132) - 2026-06-26: Approved by Governor - 2026-06-15: Signed by Officers and presented to Governor - 2026-03-12: Ordered engrossed, then enrolled (Senate) - 2026-03-12: CS passed as amended; YEAS 39 NAYS 0 -SJ 883 (Senate) - 2026-03-12: Concurred in 1 amendment(s) (573943) -SJ 883 (Senate) - 2026-03-11: In returning messages (Senate) - 2026-03-11: CS passed as amended; YEAS 109, NAYS 0 (House) - 2026-03-11: Read 3rd time (House) - 2026-03-11: Added to Third Reading Calendar (House) - 2026-03-11: Amendment 573943 adopted (House) - 2026-03-11: Read 2nd time (House) - 2026-03-10: 1st Reading (Engrossed 1) (House) - 2026-03-10: Bill added to Special Order Calendar (3/11/2026) (House) - 2026-03-10: Bill referred to House Calendar (House) - 2026-03-09: In Messages (House) - 2026-03-09: CS passed as amended; YEAS 38 NAYS 0 -SJ 704 (Senate) - 2026-03-09: Read 3rd time -SJ 704 (Senate) - 2026-03-09: Amendment(s) adopted (344910, 347422, 712002) -SJ 697 (Senate) - 2026-03-09: Read 2nd time -SJ 697 (Senate) - 2026-03-06: Retained on Special Order Calendar -SJ 683 (Senate) - 2026-03-05: CS/CS/CS by Rules read 1st time (Senate) - 2026-03-05: Placed on Special Order Calendar, 03/06/26 (Senate) - 2026-03-05: Placed on Calendar, on 2nd reading (Senate) - 2026-03-05: Pending reference review -under Rule 4.7(2) - (Committee Substitute) (Senate) - 2026-03-03: CS/CS/CS by- Rules; YEAS 22 NAYS 0 (Senate) - 2026-02-26: CS/CS by Appropriations Committee on Agriculture, Environment, and General Government read 1st time (Senate) - 2026-02-26: On Committee agenda-- Rules, 03/03/26, 9:00 am, 412 Knott Building (Senate) - 2026-02-26: Now in Rules (Senate) - 2026-02-26: Pending reference review under Rule 4.7(2) - (Committee Substitute) (Senate) - 2026-02-25: CS/CS by Appropriations Committee on Agriculture, Environment, and General Government; YEAS 8 NAYS 0 (Senate) - 2026-02-20: On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 02/25/26, 1:30 pm, 412 Knott Building (Senate) - 2026-02-10: CS by Banking and Insurance read 1st time (Senate) - 2026-02-09: Now in Appropriations Committee on Agriculture, Environment, and General Government (Senate) - 2026-02-06: Pending reference review under Rule 4.7(2) - (Committee Substitute) (Senate) - 2026-02-04: CS by Banking and Insurance; YEAS 10 NAYS 0 (Senate) - 2026-01-30: On Committee agenda-- Banking and Insurance, 02/04/26, 10:30 am, 412 Knott Building (Senate) - 2026-01-22: Introduced (Senate) - 2026-01-16: Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Rules (Senate) - 2026-01-08: Filed (Senate) ## Bill text - er, 2026-06-26: [HTML](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/er/HTML), [PDF](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/er/PDF) - e2, 2026-03-13: [HTML](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/e2/HTML), [PDF](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/e2/PDF) - e1, 2026-03-09: [HTML](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/e1/HTML), [PDF](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/e1/PDF) - c3, 2026-03-05: [HTML](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/c3/HTML), [PDF](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/c3/PDF) - c2, 2026-02-26: [HTML](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/c2/HTML), [PDF](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/c2/PDF) - c1, 2026-02-06: [HTML](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/c1/HTML), [PDF](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/c1/PDF) - Filed, 2026-01-08: [HTML](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/Filed/HTML), [PDF](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/Filed/PDF) ## Related bills - SB 14: Relief of Jose Correa by Miami-Dade County (signed) - HB 6509: Relief/Estate of Mark LaGatta/Department of Transportation (signed) - HB 6515: Relief/Lourdes Latour and Edward Latour/Miami-Dade County (signed) - HB 6507: Relief/L.E./Department of Children and Families (signed) - HB 6517: Relief/Heriberto A. Sanchez-Mayen/City of St. Petersburg (signed) - HB 4103: Apalachicola Water and Sewer District, Franklin County (signed) ## Sources - [er (HTML)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/er/HTML) - [er (PDF)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/er/PDF) - [e2 (HTML)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/e2/HTML) - [e2 (PDF)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/e2/PDF) - [e1 (HTML)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/e1/HTML) - [e1 (PDF)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/e1/PDF) - [c3 (HTML)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/c3/HTML) - [c3 (PDF)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/c3/PDF) - [c2 (HTML)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/c2/HTML) - [c2 (PDF)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/c2/PDF) - [c1 (HTML)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/c1/HTML) - [c1 (PDF)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/c1/PDF) - [Filed (HTML)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/Filed/HTML) - [Filed (PDF)](https://www.flsenate.gov/Session/Bill/2026/1452/BillText/Filed/PDF) ## Related - [SB 14: Relief of Jose Correa by Miami-Dade County](https://policyrisk.com/state-bill/FL-SB14-2026) - [HB 6509: Relief/Estate of Mark LaGatta/Department of Transportation](https://policyrisk.com/state-bill/FL-HB6509-2026) - [HB 6515: Relief/Lourdes Latour and Edward Latour/Miami-Dade County](https://policyrisk.com/state-bill/FL-HB6515-2026) - [HB 6507: Relief/L.E./Department of Children and Families](https://policyrisk.com/state-bill/FL-HB6507-2026) - [HB 6517: Relief/Heriberto A. Sanchez-Mayen/City of St. Petersburg](https://policyrisk.com/state-bill/FL-HB6517-2026) - [HB 4103: Apalachicola Water and Sewer District, Franklin County](https://policyrisk.com/state-bill/FL-HB4103-2026) - [Florida bills](https://policyrisk.com/states/florida/bills) - [Florida state hub](https://policyrisk.com/states/florida) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/FL-SB1452-2026 (as of 2026-10-12).